Brokerages expect that Navios Maritime Partners L.P. (NYSE:NMM) will report sales of $57.07 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Navios Maritime Partners’ earnings, with the lowest sales estimate coming in at $50.43 million and the highest estimate coming in at $63.70 million. Navios Maritime Partners posted sales of $62.57 million in the same quarter last year, which suggests a negative year-over-year growth rate of 8.8%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 12th.
According to Zacks, analysts expect that Navios Maritime Partners will report full year sales of $208.74 million for the current year, with estimates ranging from $196.80 million to $220.67 million. For the next year, analysts anticipate that the firm will post sales of $250.40 million, with estimates ranging from $242.49 million to $258.31 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Navios Maritime Partners.
Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings data on Wednesday, July 31st. The shipping company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.07). The company had revenue of $47.75 million during the quarter, compared to analyst estimates of $44.63 million. Navios Maritime Partners had a negative net margin of 2.36% and a positive return on equity of 2.33%.
Shares of NYSE NMM traded up $1.33 during trading hours on Friday, hitting $15.51. The company had a trading volume of 151,500 shares, compared to its average volume of 54,171. The stock has a market capitalization of $157.47 million, a P/E ratio of 4.70 and a beta of 1.86. The company has a quick ratio of 2.08, a current ratio of 2.36 and a debt-to-equity ratio of 0.63. Navios Maritime Partners has a 1-year low of $11.43 and a 1-year high of $30.75. The firm’s 50 day moving average is $16.03 and its 200-day moving average is $6.97.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, August 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.74%. The ex-dividend date of this dividend was Monday, August 5th. Navios Maritime Partners’s payout ratio is presently 36.36%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in shares of Navios Maritime Partners by 983.2% in the 4th quarter. Deutsche Bank AG now owns 1,224,668 shares of the shipping company’s stock valued at $1,039,000 after buying an additional 1,111,609 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Navios Maritime Partners by 97.6% in the 4th quarter. Macquarie Group Ltd. now owns 44,409 shares of the shipping company’s stock valued at $38,000 after buying an additional 21,937 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Navios Maritime Partners in the 2nd quarter valued at approximately $276,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Navios Maritime Partners in the 2nd quarter valued at approximately $39,000.
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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