Navios Maritime Acquisition (NYSE:NNA) Posts Quarterly Earnings Results, Misses Estimates By $3.15 EPS

Navios Maritime Acquisition (NYSE:NNA) released its earnings results on Thursday. The shipping company reported ($3.64) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($3.15), Fidelity Earnings reports. The business had revenue of $53.59 million for the quarter. Navios Maritime Acquisition had a negative net margin of 23.53% and a negative return on equity of 14.23%.

Shares of Navios Maritime Acquisition stock traded down $0.11 on Friday, hitting $6.82. 260,425 shares of the company’s stock traded hands, compared to its average volume of 92,659. The stock has a market cap of $87.52 million, a P/E ratio of -0.90 and a beta of 2.35. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.07. The firm’s 50-day moving average is $7.93 and its 200 day moving average is $6.93. Navios Maritime Acquisition has a 52-week low of $2.90 and a 52-week high of $11.52.

Separately, ValuEngine upgraded Navios Maritime Acquisition from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

About Navios Maritime Acquisition

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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