Analysts predict that Navios Maritime Partners L.P. (NYSE:NMM) will announce earnings per share of ($0.10) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Navios Maritime Partners’ earnings, with the highest EPS estimate coming in at ($0.05) and the lowest estimate coming in at ($0.15). Navios Maritime Partners reported earnings per share of $0.75 in the same quarter last year, which suggests a negative year over year growth rate of 113.3%. The company is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Navios Maritime Partners will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.35 to $1.20. For the next fiscal year, analysts forecast that the business will report earnings of $4.17 per share, with EPS estimates ranging from $3.60 to $4.74. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Navios Maritime Partners.
Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings data on Friday, May 3rd. The shipping company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.60) by $0.45. Navios Maritime Partners had a positive return on equity of 3.67% and a negative net margin of 12.47%. The business had revenue of $46.82 million for the quarter, compared to analyst estimates of $50.41 million.
NMM has been the topic of several recent research reports. Zacks Investment Research lowered Navios Maritime Partners from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. ValuEngine upgraded Navios Maritime Partners from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.
Several large investors have recently made changes to their positions in NMM. Two Sigma Securities LLC lifted its position in shares of Navios Maritime Partners by 235.2% during the 4th quarter. Two Sigma Securities LLC now owns 38,535 shares of the shipping company’s stock valued at $33,000 after buying an additional 27,039 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Navios Maritime Partners by 97.6% during the 4th quarter. Macquarie Group Ltd. now owns 44,409 shares of the shipping company’s stock valued at $38,000 after buying an additional 21,937 shares in the last quarter. Globeflex Capital L P purchased a new position in shares of Navios Maritime Partners during the 4th quarter valued at approximately $750,000. Finally, Deutsche Bank AG lifted its position in shares of Navios Maritime Partners by 983.2% during the 4th quarter. Deutsche Bank AG now owns 1,224,668 shares of the shipping company’s stock valued at $1,039,000 after buying an additional 1,111,609 shares in the last quarter.
Navios Maritime Partners stock traded up $0.40 during mid-day trading on Friday, hitting $13.50. The company had a trading volume of 33,141 shares, compared to its average volume of 36,431. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.08 and a quick ratio of 2.08. Navios Maritime Partners has a 12-month low of $11.43 and a 12-month high of $31.65. The firm’s fifty day moving average is $9.85. The stock has a market cap of $149.50 million, a P/E ratio of 4.09 and a beta of 1.79.
About Navios Maritime Partners
Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of dry cargo commodities, including iron ore, coal, grain, and fertilizers, as well as charters its vessels under medium to long-term charters.
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