Navios Maritime (NM) Scheduled to Post Quarterly Earnings on Wednesday
Navios Maritime (NYSE:NM) will issue its quarterly earnings data before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of ($0.14) per share for the quarter.
Navios Maritime (NYSE:NM) last posted its earnings results on Tuesday, November 21st. The shipping company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.04). The business had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $138.00 million. Navios Maritime had a negative net margin of 21.39% and a negative return on equity of 17.18%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the business posted ($0.25) EPS. On average, analysts expect Navios Maritime to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Navios Maritime (NYSE:NM) traded down $0.01 during midday trading on Friday, reaching $1.28. 398,289 shares of the company’s stock were exchanged, compared to its average volume of 582,085. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 2.32. The stock has a market cap of $151.10, a P/E ratio of -1.58 and a beta of 2.78. Navios Maritime has a 1-year low of $0.95 and a 1-year high of $2.26.
NM has been the topic of a number of research reports. ValuEngine downgraded shares of Navios Maritime from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 14th. Jefferies Group started coverage on shares of Navios Maritime in a report on Monday, December 18th. They issued a “buy” rating and a $2.00 price target on the stock. Zacks Investment Research upgraded shares of Navios Maritime from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a report on Wednesday, January 17th. Finally, Clarkson Capital upgraded shares of Navios Maritime from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Navios Maritime has a consensus rating of “Hold” and a consensus price target of $1.58.
TRADEMARK VIOLATION WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/navios-maritime-nm-scheduled-to-post-quarterly-earnings-on-wednesday/1872880.html.
About Navios Maritime
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.
Receive News & Ratings for Navios Maritime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime and related companies with MarketBeat.com's FREE daily email newsletter.