Navios Maritime (NM) Posts Earnings Results, Misses Estimates By $0.04 EPS

Navios Maritime (NYSE:NM) released its quarterly earnings results on Tuesday. The shipping company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.04), Morningstar.com reports. Navios Maritime had a negative return on equity of 15.43% and a negative net margin of 33.99%. The firm had revenue of $116.88 million for the quarter, compared to analysts’ expectations of $128.39 million.

Shares of NM opened at $0.77 on Thursday. Navios Maritime has a 1-year low of $0.77 and a 1-year high of $0.80. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.08 and a quick ratio of 0.96.

NM has been the subject of a number of research analyst reports. JPMorgan Chase lowered shares of Navios Maritime from a “neutral” rating to an “underweight” rating in a report on Friday, March 23rd. Clarkson Capital upgraded shares of Navios Maritime from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Zacks Investment Research upgraded shares of Navios Maritime from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Wednesday, January 17th. Finally, ValuEngine upgraded shares of Navios Maritime from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 8th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $1.58.

A number of institutional investors and hedge funds have recently made changes to their positions in NM. SG Americas Securities LLC raised its holdings in shares of Navios Maritime by 729.2% in the 4th quarter. SG Americas Securities LLC now owns 121,229 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 106,609 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Navios Maritime by 145.6% in the 4th quarter. Deutsche Bank AG now owns 205,114 shares of the shipping company’s stock valued at $245,000 after purchasing an additional 121,589 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Navios Maritime in the 1st quarter valued at about $279,000. Macquarie Group Ltd. raised its holdings in shares of Navios Maritime by 33.1% in the 4th quarter. Macquarie Group Ltd. now owns 274,011 shares of the shipping company’s stock valued at $329,000 after purchasing an additional 68,111 shares in the last quarter. Finally, Jefferies Group LLC raised its holdings in shares of Navios Maritime by 109.7% in the 4th quarter. Jefferies Group LLC now owns 1,504,542 shares of the shipping company’s stock valued at $1,805,000 after purchasing an additional 787,238 shares in the last quarter. Institutional investors own 24.65% of the company’s stock.

About Navios Maritime

Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company in North America, Europe, Asia, South America, and internationally. The company focuses on the transportation and transshipment of dry bulk commodities, including iron ores, coal, and grains. It operates through two segments, Dry Bulk Vessel Operations and Logistics Business.

Earnings History for Navios Maritime (NYSE:NM)

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