Navios Maritime Acquisition (NNA) Issues Quarterly Earnings Results

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Navios Maritime Acquisition (NYSE:NNA) announced its quarterly earnings results on Tuesday. The shipping company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01), Morningstar.com reports. The company had revenue of $32.03 million for the quarter, compared to analyst estimates of $37.81 million. Navios Maritime Acquisition had a negative return on equity of 13.45% and a negative net margin of 34.66%.

NNA traded up $0.04 during midday trading on Wednesday, hitting $0.53. 14,100 shares of the company were exchanged, compared to its average volume of 395,336. The company has a market capitalization of $59.30 million, a P/E ratio of -4.33 and a beta of 1.15. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.05 and a current ratio of 1.05. Navios Maritime Acquisition has a 1-year low of $0.35 and a 1-year high of $1.39.

Institutional investors and hedge funds have recently made changes to their positions in the business. Paloma Partners Management Co acquired a new stake in Navios Maritime Acquisition during the 2nd quarter worth about $245,000. Millennium Management LLC acquired a new stake in Navios Maritime Acquisition during the 2nd quarter worth about $853,000. Finally, LMR Partners LLP acquired a new stake in Navios Maritime Acquisition during the 2nd quarter worth about $141,000. 14.24% of the stock is currently owned by institutional investors.

Several brokerages have weighed in on NNA. Zacks Investment Research downgraded Navios Maritime Acquisition from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. ValuEngine raised Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd.

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Navios Maritime Acquisition Company Profile

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.

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Earnings History for Navios Maritime Acquisition (NYSE:NNA)

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