Brokerages expect Navios Maritime Partners LP (NYSE:NMM) to announce sales of $44.39 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Navios Maritime Partners’ earnings, with the lowest sales estimate coming in at $43.50 million and the highest estimate coming in at $45.82 million. Navios Maritime Partners posted sales of $44.88 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.1%. The company is scheduled to issue its next quarterly earnings results on Thursday, August 10th.

According to Zacks, analysts expect that Navios Maritime Partners will report full-year sales of $44.39 million for the current fiscal year, with estimates ranging from $166.66 million to $202.18 million. For the next financial year, analysts forecast that the business will report sales of $211.85 million per share, with estimates ranging from $203.95 million to $230.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last released its quarterly earnings data on Monday, May 22nd. The shipping company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.06. The company had revenue of $42.40 million for the quarter, compared to the consensus estimate of $41.31 million. Navios Maritime Partners had a positive return on equity of 2.10% and a negative net margin of 31.19%. The firm’s revenue was down 7.0% compared to the same quarter last year.

A number of analysts have issued reports on NMM shares. Stifel Nicolaus reissued a “hold” rating and issued a $2.25 target price on shares of Navios Maritime Partners in a research report on Friday, June 23rd. Citigroup Inc. boosted their target price on Navios Maritime Partners from $2.00 to $2.25 and gave the company a “neutral” rating in a research report on Tuesday, April 25th. Zacks Investment Research lowered Navios Maritime Partners from a “buy” rating to a “hold” rating in a research report on Friday, March 31st. Finally, Jefferies Group LLC started coverage on Navios Maritime Partners in a research report on Monday, June 5th. They issued a “buy” rating and a $2.00 target price on the stock.

Navios Maritime Partners (NYSE:NMM) traded up 7.53% on Friday, reaching $1.57. The company’s stock had a trading volume of 293,566 shares. Navios Maritime Partners has a 52 week low of $1.15 and a 52 week high of $2.94. The company has a 50 day moving average of $1.63 and a 200 day moving average of $1.79. The firm’s market capitalization is $236.20 million.

Several hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP raised its stake in Navios Maritime Partners by 98.8% in the fourth quarter. Two Sigma Investments LP now owns 185,507 shares of the shipping company’s stock worth $262,000 after buying an additional 92,209 shares in the last quarter. Nine Chapters Capital Management LLC bought a new stake in Navios Maritime Partners during the first quarter worth $125,000. Evermore Global Advisors LLC bought a new stake in Navios Maritime Partners during the first quarter worth $12,330,000. Renaissance Technologies LLC bought a new stake in Navios Maritime Partners during the fourth quarter worth $109,000. Finally, Sanders Morris Harris Inc. raised its stake in Navios Maritime Partners by 134.3% in the first quarter. Sanders Morris Harris Inc. now owns 282,650 shares of the shipping company’s stock worth $585,000 after buying an additional 162,000 shares in the last quarter. 19.26% of the stock is currently owned by institutional investors and hedge funds.

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About Navios Maritime Partners

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.

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