$0.81 Earnings Per Share Expected for Navios Maritime Partners L.P. (NYSE:NMM) This Quarter

Wall Street brokerages expect that Navios Maritime Partners L.P. (NYSE:NMM) will report earnings per share of $0.81 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Navios Maritime Partners’ earnings. The highest EPS estimate is $1.28 and the lowest is $0.34. Navios Maritime Partners reported earnings of $1.50 per share in the same quarter last year, which would indicate a negative year over year growth rate of 46%. The firm is scheduled to announce its next earnings report on Tuesday, November 12th.

According to Zacks, analysts expect that Navios Maritime Partners will report full-year earnings of $2.10 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $5.07 per share, with EPS estimates ranging from $4.74 to $5.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings data on Wednesday, July 31st. The shipping company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.07). Navios Maritime Partners had a negative net margin of 2.36% and a positive return on equity of 2.33%. The company had revenue of $47.75 million during the quarter, compared to analyst estimates of $44.63 million.

Several analysts recently commented on NMM shares. Zacks Investment Research cut shares of Navios Maritime Partners from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Citigroup cut their target price on shares of Navios Maritime Partners from $33.75 to $21.50 and set a “neutral” rating for the company in a research report on Friday. Finally, ValuEngine cut shares of Navios Maritime Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd.

Shares of NYSE NMM traded down $0.38 during midday trading on Friday, hitting $17.53. The company had a trading volume of 69,304 shares, compared to its average volume of 76,205. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.63. Navios Maritime Partners has a twelve month low of $11.43 and a twelve month high of $27.75. The business has a 50-day simple moving average of $16.47 and a two-hundred day simple moving average of $9.59. The firm has a market capitalization of $198.34 million, a price-to-earnings ratio of 5.31 and a beta of 1.82.

A hedge fund recently bought a new stake in Navios Maritime Partners stock. BlackRock Inc. purchased a new position in shares of Navios Maritime Partners L.P. (NYSE:NMM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,459 shares of the shipping company’s stock, valued at approximately $276,000. BlackRock Inc. owned approximately 0.18% of Navios Maritime Partners at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.03% of the company’s stock.

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.

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