Navios Maritime Partners (NMM) to Release Earnings on Tuesday

Navios Maritime Partners (NYSE:NMMGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of $3.06 per share for the quarter.

Navios Maritime Partners (NYSE:NMMGet Rating) last issued its quarterly earnings results on Thursday, February 17th. The shipping company reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $5.07 by ($1.04). The business had revenue of $268.15 million for the quarter, compared to analyst estimates of $284.96 million. Navios Maritime Partners had a net margin of 72.38% and a return on equity of 25.60%. On average, analysts expect Navios Maritime Partners to post $18 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Shares of NMM opened at $32.16 on Friday. The firm has a market capitalization of $971.23 million, a price-to-earnings ratio of 1.24 and a beta of 2.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.57 and a current ratio of 0.57. Navios Maritime Partners has a one year low of $20.52 and a one year high of $37.16. The stock’s fifty day moving average is $32.49 and its 200-day moving average is $29.27.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 12th. Shareholders of record on Monday, May 9th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, May 6th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 0.77%.

NMM has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Navios Maritime Partners from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Tuesday. Jefferies Financial Group started coverage on shares of Navios Maritime Partners in a research report on Wednesday, April 27th. They issued a “buy” rating on the stock. Finally, StockNews.com started coverage on Navios Maritime Partners in a research note on Thursday, March 31st. They set a “buy” rating for the company.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in shares of Navios Maritime Partners by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 36,947 shares of the shipping company’s stock worth $927,000 after acquiring an additional 1,978 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Navios Maritime Partners by 10,666.7% in the 3rd quarter. Royal Bank of Canada now owns 6,137 shares of the shipping company’s stock worth $199,000 after acquiring an additional 6,080 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Navios Maritime Partners in the 4th quarter worth $1,244,000. Finally, Morgan Stanley grew its holdings in shares of Navios Maritime Partners by 406.7% in the 2nd quarter. Morgan Stanley now owns 762,456 shares of the shipping company’s stock worth $22,538,000 after acquiring an additional 611,991 shares during the last quarter. Institutional investors and hedge funds own 16.95% of the company’s stock.

About Navios Maritime Partners (Get Rating)

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, fertilizers, and containers, as well as charters its vessels under medium to long-term charters.

Further Reading

Earnings History for Navios Maritime Partners (NYSE:NMM)

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