Equities analysts forecast that Navios Maritime Partners L.P. (NYSE:NMM) will report $49.02 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Navios Maritime Partners’ earnings, with the lowest sales estimate coming in at $44.83 million and the highest estimate coming in at $57.20 million. Navios Maritime Partners reported sales of $53.05 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.6%. The firm is expected to report its next earnings results on Tuesday, May 14th.

On average, analysts expect that Navios Maritime Partners will report full year sales of $205.37 million for the current year, with estimates ranging from $166.55 million to $239.50 million. For the next financial year, analysts expect that the company will post sales of $240.53 million, with estimates ranging from $179.44 million to $263.76 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings results on Thursday, January 31st. The shipping company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). Navios Maritime Partners had a negative net margin of 5.65% and a positive return on equity of 4.59%. The company had revenue of $57.54 million for the quarter, compared to analyst estimates of $57.92 million.

A number of research firms have recently issued reports on NMM. Zacks Investment Research cut Navios Maritime Partners from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. ValuEngine raised Navios Maritime Partners from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.

NYSE NMM traded down $0.01 during trading hours on Thursday, hitting $0.95. 385,562 shares of the company traded hands, compared to its average volume of 561,610. Navios Maritime Partners has a twelve month low of $0.78 and a twelve month high of $2.11. The stock has a market capitalization of $158.39 million, a PE ratio of 4.34 and a beta of 1.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.12 and a current ratio of 2.12.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Securities LLC increased its stake in shares of Navios Maritime Partners by 235.2% during the fourth quarter. Two Sigma Securities LLC now owns 38,535 shares of the shipping company’s stock worth $33,000 after purchasing an additional 27,039 shares during the period. Macquarie Group Ltd. increased its stake in shares of Navios Maritime Partners by 97.6% during the fourth quarter. Macquarie Group Ltd. now owns 44,409 shares of the shipping company’s stock worth $38,000 after purchasing an additional 21,937 shares during the period. Globeflex Capital L P bought a new position in shares of Navios Maritime Partners during the fourth quarter worth approximately $750,000. Deutsche Bank AG increased its stake in shares of Navios Maritime Partners by 983.2% during the fourth quarter. Deutsche Bank AG now owns 1,224,668 shares of the shipping company’s stock worth $1,039,000 after purchasing an additional 1,111,609 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Navios Maritime Partners by 10.2% during the third quarter. Renaissance Technologies LLC now owns 2,601,200 shares of the shipping company’s stock worth $4,552,000 after purchasing an additional 241,302 shares during the period. 12.72% of the stock is owned by institutional investors.

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.

Featured Story: Stop Order Uses For Individual Investors

Get a free copy of the Zacks research report on Navios Maritime Partners (NMM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Navios Maritime Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Partners and related companies with MarketBeat.com's FREE daily email newsletter.