Navios Maritime Acquisition (NYSE:NNA) Posts Earnings Results, Misses Expectations By $0.72 EPS
Navios Maritime Acquisition (NYSE:NNA) posted its earnings results on Thursday. The shipping company reported $2.01 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.72), MarketWatch Earnings reports. Navios Maritime Acquisition had a negative net margin of 5.04% and a positive return on equity of 11.73%. The business had revenue of $108.77 million during the quarter.
Shares of NNA traded up $0.07 during trading hours on Friday, hitting $4.60. 216,456 shares of the company were exchanged, compared to its average volume of 92,468. The firm has a fifty day simple moving average of $4.27 and a 200-day simple moving average of $4.92. The company has a market capitalization of $71.91 million, a PE ratio of -2.61 and a beta of 1.79. Navios Maritime Acquisition has a one year low of $2.09 and a one year high of $11.52. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.48 and a quick ratio of 0.46.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 26.09%. The ex-dividend date of this dividend is Thursday, September 3rd.
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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