Brokerages expect that Navios Maritime Holdings Inc. (NYSE:NM) will post $136.39 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Navios Maritime Holdings’ earnings, with estimates ranging from $134.70 million to $138.07 million. Navios Maritime Holdings reported sales of $99.48 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 37.1%. The company is expected to announce its next earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Navios Maritime Holdings will report full-year sales of $136.39 million for the current financial year, with estimates ranging from $481.80 million to $489.53 million. For the next year, analysts forecast that the company will post sales of $557.45 million per share, with estimates ranging from $550.79 million to $564.11 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Navios Maritime Holdings.
Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. The business had revenue of $118.60 million during the quarter, compared to analysts’ expectations of $114.27 million. Navios Maritime Holdings had a negative return on equity of 16.83% and a negative net margin of 20.64%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.29) earnings per share.
Several analysts have recently weighed in on NM shares. ValuEngine lowered Navios Maritime Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Navios Maritime Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Clarkson Capital lowered Navios Maritime Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Navios Maritime Holdings presently has a consensus rating of “Hold” and a consensus price target of $1.63.
Shares of Navios Maritime Holdings (NYSE NM) opened at $1.37 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 2.32. Navios Maritime Holdings has a twelve month low of $0.95 and a twelve month high of $2.26.
Several large investors have recently added to or reduced their stakes in the stock. Apriem Advisors increased its position in Navios Maritime Holdings by 53.8% during the third quarter. Apriem Advisors now owns 100,000 shares of the shipping company’s stock worth $167,000 after buying an additional 35,000 shares during the last quarter. Royce & Associates LP increased its position in Navios Maritime Holdings by 7.2% during the third quarter. Royce & Associates LP now owns 1,721,349 shares of the shipping company’s stock worth $2,875,000 after buying an additional 115,000 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Navios Maritime Holdings during the third quarter worth approximately $344,000. California State Teachers Retirement System acquired a new position in Navios Maritime Holdings during the second quarter valued at approximately $218,000. Finally, State Street Corp raised its position in Navios Maritime Holdings by 2,467.0% during the second quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock valued at $1,388,000 after purchasing an additional 973,416 shares in the last quarter. 20.25% of the stock is currently owned by institutional investors and hedge funds.
About Navios Maritime Holdings
Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.
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