Wall Street brokerages predict that Navios Maritime Partners L.P. (NYSE:NMM) will post earnings per share of $0.05 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Navios Maritime Partners’ earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.09. Navios Maritime Partners reported earnings of $0.04 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The business is expected to announce its next quarterly earnings report on Tuesday, November 13th.

According to Zacks, analysts expect that Navios Maritime Partners will report full year earnings of $0.20 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.33. For the next financial year, analysts expect that the business will report earnings of $0.20 per share, with EPS estimates ranging from $0.04 to $0.43. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Wednesday, August 1st. The shipping company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Navios Maritime Partners had a positive return on equity of 3.98% and a negative net margin of 16.31%. The firm had revenue of $58.20 million during the quarter, compared to analysts’ expectations of $57.07 million.

Several research analysts have recently commented on NMM shares. ValuEngine raised Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised Navios Maritime Partners from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research report on Wednesday, July 11th. Finally, Morgan Stanley reduced their target price on Navios Maritime Partners from $2.20 to $1.80 and set an “underweight” rating on the stock in a research report on Tuesday, April 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.31.

A number of large investors have recently made changes to their positions in the stock. Evermore Global Advisors LLC increased its position in Navios Maritime Partners by 4.9% during the 2nd quarter. Evermore Global Advisors LLC now owns 10,792,588 shares of the shipping company’s stock valued at $20,398,000 after buying an additional 500,155 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Navios Maritime Partners by 28.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,408,693 shares of the shipping company’s stock worth $2,536,000 after purchasing an additional 310,316 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Navios Maritime Partners by 173.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,066,700 shares of the shipping company’s stock worth $2,517,000 after purchasing an additional 676,900 shares during the period. UBS Group AG increased its holdings in shares of Navios Maritime Partners by 34.7% during the 1st quarter. UBS Group AG now owns 861,354 shares of the shipping company’s stock worth $1,550,000 after purchasing an additional 222,001 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Navios Maritime Partners by 982.2% during the 1st quarter. Millennium Management LLC now owns 424,249 shares of the shipping company’s stock worth $764,000 after purchasing an additional 385,048 shares during the period. 19.68% of the stock is currently owned by institutional investors.

Shares of NYSE:NMM traded down $0.01 during midday trading on Friday, hitting $2.00. The company had a trading volume of 480,716 shares, compared to its average volume of 385,582. Navios Maritime Partners has a twelve month low of $1.61 and a twelve month high of $2.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 1.92. The stock has a market cap of $336.86 million, a PE ratio of 10.58 and a beta of 1.59.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 10th. Investors of record on Tuesday, August 7th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 4.00%. The ex-dividend date was Monday, August 6th. Navios Maritime Partners’s dividend payout ratio is currently 50.00%.

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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