Navios Maritime Acquisition Co. (NYSE:NNA) declared a quarterly dividend on Thursday, August 23rd, Wall Street Journal reports. Shareholders of record on Thursday, September 20th will be given a dividend of 0.02 per share by the shipping company on Thursday, September 27th. This represents a $0.08 dividend on an annualized basis and a yield of 15.63%. The ex-dividend date is Wednesday, September 19th.
Navios Maritime Acquisition has a dividend payout ratio of -21.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Navios Maritime Acquisition to earn ($0.11) per share next year, which means the company may not be able to cover its $0.08 annual dividend with an expected future payout ratio of -72.7%.
Navios Maritime Acquisition stock remained flat at $$0.51 during trading hours on Friday. 336,917 shares of the company’s stock were exchanged, compared to its average volume of 511,712. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.41. Navios Maritime Acquisition has a 52 week low of $0.46 and a 52 week high of $1.39. The firm has a market cap of $76.70 million, a P/E ratio of -4.27 and a beta of 0.86.
Navios Maritime Acquisition (NYSE:NNA) last released its earnings results on Wednesday, August 22nd. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Navios Maritime Acquisition had a negative net margin of 34.66% and a negative return on equity of 13.45%. The business had revenue of $35.12 million for the quarter, compared to analyst estimates of $39.59 million. On average, research analysts expect that Navios Maritime Acquisition will post -0.37 earnings per share for the current fiscal year.
A number of research analysts have issued reports on NNA shares. ValuEngine upgraded shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th.
Navios Maritime Acquisition Company Profile
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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