Navios Maritime (NYSE:NM) posted its quarterly earnings data on Tuesday, November 21st. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.04), Briefing.com reports. The business had revenue of $120.60 million during the quarter, compared to analysts’ expectations of $138.00 million. Navios Maritime had a negative return on equity of 17.18% and a negative net margin of 21.39%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.25) EPS.
Shares of Navios Maritime (NM) traded up $0.02 on Thursday, reaching $1.27. 681,744 shares of the company traded hands, compared to its average volume of 890,702. Navios Maritime has a 12 month low of $0.95 and a 12 month high of $2.26. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 2.32.
Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System bought a new stake in Navios Maritime in the second quarter worth $218,000. Vanguard Group Inc. purchased a new position in Navios Maritime during the second quarter worth $248,000. Finally, State Street Corp boosted its stake in Navios Maritime by 2,467.0% during the second quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock worth $1,388,000 after buying an additional 973,416 shares during the period. Institutional investors own 19.87% of the company’s stock.
A number of equities research analysts have commented on the stock. ValuEngine upgraded shares of Navios Maritime from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research cut shares of Navios Maritime from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Clarkson Capital cut shares of Navios Maritime from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Navios Maritime has an average rating of “Hold” and a consensus target price of $1.63.
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Navios Maritime Company Profile
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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