Analysts Anticipate Navios Maritime Partners L.P. (NYSE:NMM) to Post $1.56 Earnings Per Share

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Wall Street analysts expect that Navios Maritime Partners L.P. (NYSE:NMM) will post earnings per share of $1.56 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Navios Maritime Partners’ earnings. Navios Maritime Partners posted earnings of $0.45 per share in the same quarter last year, which suggests a positive year over year growth rate of 246.7%. The company is scheduled to issue its next earnings report on Thursday, January 30th.

According to Zacks, analysts expect that Navios Maritime Partners will report full year earnings of $2.72 per share for the current financial year. For the next financial year, analysts anticipate that the company will post earnings of $5.88 per share, with EPS estimates ranging from $4.74 to $7.01. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings data on Thursday, October 31st. The shipping company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $1.33. Navios Maritime Partners had a net margin of 0.62% and a return on equity of 2.60%. The company had revenue of $63.55 million for the quarter, compared to the consensus estimate of $57.07 million.

Several research firms have recently issued reports on NMM. ValuEngine downgraded shares of Navios Maritime Partners from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st. Zacks Investment Research upgraded shares of Navios Maritime Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, October 29th. Finally, Citigroup dropped their price objective on shares of Navios Maritime Partners from $33.75 to $21.50 and set a “neutral” rating on the stock in a report on Friday, September 20th.

An institutional investor recently bought a new position in Navios Maritime Partners stock. BlackRock Inc. acquired a new position in Navios Maritime Partners L.P. (NYSE:NMM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 20,459 shares of the shipping company’s stock, valued at approximately $276,000. BlackRock Inc. owned approximately 0.18% of Navios Maritime Partners as of its most recent filing with the Securities and Exchange Commission. 12.06% of the stock is owned by institutional investors.

Shares of NYSE:NMM traded down $0.59 on Thursday, hitting $18.33. 89,277 shares of the company were exchanged, compared to its average volume of 62,048. The company’s 50 day moving average price is $19.02 and its two-hundred day moving average price is $14.03. Navios Maritime Partners has a one year low of $11.43 and a one year high of $22.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.36 and a current ratio of 2.36. The firm has a market capitalization of $204.24 million, a price-to-earnings ratio of 5.55 and a beta of 1.86.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 6.55%. Navios Maritime Partners’s payout ratio is 36.36%.

Navios Maritime Partners Company Profile

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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