Navios Maritime Partners L.P. (NYSE:NMM) Expected to Announce Earnings of $0.81 Per Share

Brokerages forecast that Navios Maritime Partners L.P. (NYSE:NMM) will announce $0.81 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Navios Maritime Partners’ earnings. The highest EPS estimate is $1.28 and the lowest is $0.34. Navios Maritime Partners reported earnings per share of $1.50 in the same quarter last year, which would suggest a negative year over year growth rate of 46%. The company is scheduled to announce its next earnings results 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 year. For the next year, analysts forecast that the company will report 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 follow Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings data on Wednesday, July 31st. The shipping company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $47.75 million for the quarter, compared to analysts’ expectations of $44.63 million.

NMM has been the subject of a number of research analyst reports. Zacks Investment Research lowered Navios Maritime Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. ValuEngine lowered Navios Maritime Partners from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Citigroup reduced their price target on Navios Maritime Partners from $33.75 to $21.50 and set a “neutral” rating for the company in a research report on Friday, September 20th.

An institutional investor recently bought a new position in Navios Maritime Partners stock. Russell Investments Group Ltd. bought a new stake in shares of Navios Maritime Partners L.P. (NYSE:NMM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,920 shares of the shipping company’s stock, valued at approximately $39,000. 12.03% of the stock is currently owned by institutional investors.

NYSE NMM traded down $1.30 on Tuesday, reaching $19.68. 217,683 shares of the stock traded hands, compared to its average volume of 98,061. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.36 and a current ratio of 2.36. The company has a fifty day moving average price of $18.07 and a 200-day moving average price of $12.04. The company has a market cap of $232.33 million, a price-to-earnings ratio of 5.96 and a beta of 1.82. Navios Maritime Partners has a 12 month low of $11.43 and a 12 month high of $25.35.

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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