Navios Maritime Partners (NMM) Set to Announce Earnings on Tuesday

Navios Maritime Partners (NYSE:NMM) is set to post its quarterly earnings results before the market opens on Tuesday, November 13th. Analysts expect Navios Maritime Partners to post earnings of $0.06 per share for the quarter.

NYSE:NMM opened at $1.32 on Friday. The company has a market cap of $244.68 million, a price-to-earnings ratio of 8.25 and a beta of 1.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.92 and a quick ratio of 1.92. Navios Maritime Partners has a fifty-two week low of $1.30 and a fifty-two week high of $2.62.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date of this dividend is Tuesday, November 6th. Navios Maritime Partners’s dividend payout ratio is presently 50.00%.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Navios Maritime Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 1st. ValuEngine downgraded shares of Navios Maritime Partners from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Finally, JPMorgan Chase & Co. raised shares of Navios Maritime Partners from a “neutral” rating to an “overweight” rating in a research report on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Navios Maritime Partners currently has a consensus rating of “Hold” and a consensus price target of $2.26.

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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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Earnings History for Navios Maritime Partners (NYSE:NMM)

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