Navios Maritime Holdings (NM) Releases Earnings Results, Beats Expectations By $0.29 EPS

Navios Maritime Holdings (NM) reported quarterly earnings results on Wednesday, May-25-2016. The company said it had a profit of $-0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.29. Analysts had a consensus of $-0.40. The company posted revenue of $101.50 million in the period, compared to analysts expectations of $103.01 million. The company’s revenue was down -14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.29 EPS.

Many Wall Street Analysts have commented on Navios Maritime Holdings. Navios Maritime Holdings was Downgraded by Citigroup to ” Sell” on Apr 27, 2016.

Navios Maritime Holdings closed down -0.0306 points or -4.08% at $0.7194 with 14,77,578 shares getting traded on Friday. Post opening the session at $0.77, the shares hit an intraday low of $0.6983 and an intraday high of $0.7882 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. Navios Holdings operates through two segments: the Dry bulk Vessel Operations and the Logistics Business. The Dry bulk Vessel Operations segment consists of the transportation and handling of bulk cargoes through the ownership operation and trading of vessels freight and forward freight agreements (FFAs). The Logistics Business segment consists of the Company’s port terminal business barge business and cabotage business in the Hidrovia region of South America. Navios Holdings also offers commercial and technical management services to the fleets of Navios Partners Navios Acquisition Navios Midstream and Navios Europe. The Company’s fleet (excluding the Navios Logistics fleet) consists of around 66 vessels.

Navios Maritime Holdings

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