Brokerages Anticipate Navios Maritime Partners L.P. (NYSE:NMM) Will Announce Earnings of -$0.10 Per Share

Wall Street brokerages forecast that Navios Maritime Partners L.P. (NYSE:NMM) will announce ($0.10) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Navios Maritime Partners’ earnings, with the highest EPS estimate coming in at ($0.05) and the lowest estimate coming in at ($0.15). Navios Maritime Partners reported earnings of $0.75 per share during the same quarter last year, which suggests a negative year over year growth rate of 113.3%. The firm is expected to report its next quarterly earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Navios Maritime Partners will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $1.20. For the next financial year, analysts forecast that the business will post earnings of $4.17 per share, with EPS estimates ranging from $3.60 to $4.74. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Friday, May 3rd. The shipping company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.60) by $0.45. The company had revenue of $46.82 million during the quarter, compared to analyst estimates of $50.41 million. Navios Maritime Partners had a negative net margin of 12.47% and a positive return on equity of 3.67%.

Several research analysts have weighed in on NMM shares. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

Hedge funds have recently made changes to their positions in the business. Two Sigma Securities LLC boosted its stake in 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 buying an additional 27,039 shares during the period. Macquarie Group Ltd. boosted its stake in 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 buying an additional 21,937 shares during the period. Globeflex Capital L P purchased a new position in Navios Maritime Partners during the fourth quarter worth about $750,000. Finally, Deutsche Bank AG boosted its stake in 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 buying an additional 1,111,609 shares during the period.

Shares of NMM stock opened at $18.06 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $200.00 million, a price-to-earnings ratio of 7.09 and a beta of 1.82. The stock’s 50-day moving average is $13.73. Navios Maritime Partners has a 1-year low of $11.43 and a 1-year high of $31.50.

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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