Navios Maritime Acquisition (NNA) Tops Q3 EPS by 1c

Navios Maritime Acquisition (NYSE: NNA) reported Q3 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $69.31 million versus the consensus estimate of $67.2 million.

Fleet Update

In November 2014, Navios Acquisition agreed to acquire the Nave Synergy, a 2010-built 299,973 dwt VLCC, from an unaffiliated third party, for a purchase price of $75.5 million. The vessel is expected to be delivered in December 2014.

On November 20, 2014, Navios Acquisition took delivery of the Nave Pyxis, a newbuilding 49,998 dwt MR2 product tanker, from an unaffiliated third party, for a purchase price of approximately $31.5 million.

On September 19, 2014, Navios Acquisition took delivery of the Nave Luminosity, a newbuilding 49,999 dwt MR2 product tanker, from an unaffiliated third party, for a purchase price of $35.5 million.

Navios Acquisition currently owns 41 vessels, eight VLCCs, 29 product tankers and four chemical tankers of which, 36 vessels are currently on-the-water with the remaining five vessels, still to be delivered.

For earnings history and earnings-related data on Navios Maritime Acquisition (NNA) click here.

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