Analysts Expect Navios Maritime Midstream Partners LP (NAP) Will Post Quarterly Sales of $21.46 Million
Analysts expect Navios Maritime Midstream Partners LP (NYSE:NAP) to post sales of $21.46 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Navios Maritime Midstream Partners’ earnings. The lowest sales estimate is $21.32 million and the highest is $21.60 million. Navios Maritime Midstream Partners posted sales of $22.21 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3.4%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Navios Maritime Midstream Partners will report full year sales of $21.46 million for the current year, with estimates ranging from $81.67 million to $82.10 million. For the next financial year, analysts expect that the company will post sales of $85.86 million per share, with estimates ranging from $84.12 million to $87.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Navios Maritime Midstream Partners.
Navios Maritime Midstream Partners (NYSE:NAP) last issued its quarterly earnings results on Wednesday, July 26th. The shipping company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.13). Navios Maritime Midstream Partners had a return on equity of 5.73% and a net margin of 18.41%. The company had revenue of $18.50 million for the quarter, compared to the consensus estimate of $21.14 million. During the same period in the previous year, the business posted $0.28 EPS. The business’s revenue for the quarter was down 18.5% on a year-over-year basis.
NAP has been the topic of a number of research reports. Zacks Investment Research cut shares of Navios Maritime Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine lowered shares of Navios Maritime Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Bank of America Corporation downgraded shares of Navios Maritime Midstream Partners from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $13.00 to $8.00 in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.33.
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Shares of Navios Maritime Midstream Partners (NYSE:NAP) traded up 1.008% during mid-day trading on Tuesday, reaching $7.515. The company had a trading volume of 16,601 shares. Navios Maritime Midstream Partners has a 52-week low of $6.55 and a 52-week high of $12.70. The company’s 50-day moving average price is $7.52 and its 200-day moving average price is $9.88. The company has a market capitalization of $157.42 million, a PE ratio of 9.076 and a beta of 0.57.
Several hedge funds have recently made changes to their positions in the company. CWA Asset Management Group LLC bought a new position in shares of Navios Maritime Midstream Partners during the 2nd quarter worth about $133,000. Virtu KCG Holdings LLC bought a new stake in Navios Maritime Midstream Partners in the second quarter valued at about $266,000. Finally, Arrow Investment Advisors LLC bought a new stake in Navios Maritime Midstream Partners in the second quarter valued at about $570,000. Institutional investors own 27.83% of the company’s stock.
Navios Maritime Midstream Partners Company Profile
Navios Maritime Midstream Partners L.P. (Navios Midstream) is a holding company. The Company’s principal activity is to own, operate and acquire crude oil tankers under long-term employment contracts, as well as refined petroleum product tankers, chemical tankers, and liquefied petroleum gas (LPG) tankers under long-term employment contracts.
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