Navios Maritime Acquisition (NNA) Releases Earnings Results, Misses Estimates By $0.04 EPS
Navios Maritime Acquisition (NYSE:NNA) released its quarterly earnings results on Wednesday. The shipping company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04), Morningstar.com reports. The business had revenue of $44.20 million for the quarter, compared to analysts’ expectations of $53.63 million. Navios Maritime Acquisition had a positive return on equity of 2.08% and a negative net margin of 19.94%.
Shares of Navios Maritime Acquisition (NNA) traded down $0.04 during trading on Thursday, reaching $0.72. The company had a trading volume of 1,166,474 shares, compared to its average volume of 814,048. Navios Maritime Acquisition has a 12 month low of $0.72 and a 12 month high of $1.92. The stock has a market cap of $124.78, a PE ratio of -2.35 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.12.
A number of equities analysts recently commented on NNA shares. Zacks Investment Research upgraded Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Navios Maritime Acquisition in a report on Friday, January 19th. Stifel Nicolaus set a $2.00 target price on Navios Maritime Acquisition and gave the company a “buy” rating in a report on Sunday, October 29th. Finally, ValuEngine cut Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $1.63.
Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new position in Navios Maritime Acquisition during the 3rd quarter valued at about $124,000. Virtu KCG Holdings LLC boosted its holdings in Navios Maritime Acquisition by 127.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 111,311 shares of the shipping company’s stock valued at $164,000 after acquiring an additional 62,454 shares during the period. Vanguard Group Inc. boosted its holdings in Navios Maritime Acquisition by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 164,307 shares of the shipping company’s stock valued at $242,000 after acquiring an additional 3,730 shares during the period. Teachers Advisors LLC boosted its holdings in Navios Maritime Acquisition by 12.2% during the 2nd quarter. Teachers Advisors LLC now owns 165,077 shares of the shipping company’s stock valued at $243,000 after acquiring an additional 17,971 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Navios Maritime Acquisition by 13.2% during the 2nd quarter. California Public Employees Retirement System now owns 167,500 shares of the shipping company’s stock valued at $246,000 after acquiring an additional 19,500 shares during the period. Institutional investors own 19.07% of the company’s stock.
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About Navios Maritime Acquisition
Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.
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