Analysts predict that Navios Maritime Partners L.P. (NYSE:NMM) will post $49.02 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Navios Maritime Partners’ earnings. The highest sales estimate is $57.20 million and the lowest is $44.83 million. Navios Maritime Partners posted sales of $53.05 million in the same quarter last year, which suggests a negative year-over-year growth rate of 7.6%. The company is scheduled to issue its next earnings results on Tuesday, May 14th.
On average, analysts expect that Navios Maritime Partners will report full-year sales of $205.37 million for the current year, with estimates ranging from $166.55 million to $239.50 million. For the next financial year, analysts expect that the company will post sales of $240.53 million, with estimates ranging from $179.44 million to $263.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Navios Maritime Partners.
Navios Maritime Partners (NYSE:NMM) last issued its earnings results on Thursday, January 31st. The shipping company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $57.54 million during the quarter, compared to analysts’ expectations of $57.92 million. Navios Maritime Partners had a positive return on equity of 4.57% and a negative net margin of 5.65%.
Separately, Zacks Investment Research cut shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd.
NYSE:NMM traded down $0.06 during trading hours on Friday, reaching $0.90. The company’s stock had a trading volume of 11,373 shares, compared to its average volume of 1,009,678. The stock has a market cap of $160.87 million, a PE ratio of 4.08 and a beta of 1.77. Navios Maritime Partners has a 1 year low of $0.78 and a 1 year high of $2.15. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.62.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Monday, February 11th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date of this dividend was Friday, February 8th. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 36.36%.
A number of institutional investors have recently made changes to their positions in NMM. Millennium Management LLC grew its holdings in Navios Maritime Partners by 17.1% in the 2nd quarter. Millennium Management LLC now owns 496,941 shares of the shipping company’s stock worth $939,000 after acquiring an additional 72,692 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of Navios Maritime Partners during the 3rd quarter valued at about $526,000. Renaissance Technologies LLC boosted its stake in shares of Navios Maritime Partners by 10.2% during the 3rd quarter. Renaissance Technologies LLC now owns 2,601,200 shares of the shipping company’s stock valued at $4,552,000 after purchasing an additional 241,302 shares in the last quarter. Two Sigma Securities LLC boosted its stake in shares of Navios Maritime Partners by 235.2% during the 4th quarter. Two Sigma Securities LLC now owns 38,535 shares of the shipping company’s stock valued at $33,000 after purchasing an additional 27,039 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of Navios Maritime Partners during the 4th quarter valued at about $750,000. 17.58% of the stock is currently owned by institutional investors and hedge funds.
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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