Navios Maritime Partners L.P. Forecasted to Post Q1 2018 Earnings of $0.03 Per Share (NMM)
Navios Maritime Partners L.P. (NYSE:NMM) – Equities researchers at Jefferies Group issued their Q1 2018 earnings per share estimates for Navios Maritime Partners in a research report issued on Monday. Jefferies Group analyst R. Giveans forecasts that the shipping company will earn $0.03 per share for the quarter. Jefferies Group has a “Buy” rating and a $3.00 price target on the stock.
NMM has been the topic of a number of other research reports. TheStreet raised Navios Maritime Partners from a “d+” rating to a “c-” rating in a report on Wednesday, November 15th. Zacks Investment Research cut Navios Maritime Partners from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. JPMorgan Chase & Co. cut Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, Citigroup upped their price target on Navios Maritime Partners from $2.00 to $2.25 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Navios Maritime Partners has a consensus rating of “Hold” and a consensus target price of $2.44.
Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Tuesday, November 14th. The shipping company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Navios Maritime Partners had a positive return on equity of 2.75% and a negative net margin of 7.13%. The company had revenue of $59.95 million for the quarter, compared to the consensus estimate of $62.18 million.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtu KCG Holdings LLC increased its position in Navios Maritime Partners by 1.5% in the second quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock worth $147,000 after buying an additional 1,324 shares in the last quarter. Concourse Capital Management LLC purchased a new stake in Navios Maritime Partners in the fourth quarter worth about $208,000. Arrowstreet Capital Limited Partnership purchased a new stake in Navios Maritime Partners in the second quarter worth about $188,000. Macquarie Group Ltd. purchased a new stake in Navios Maritime Partners in the third quarter worth about $320,000. Finally, JPMorgan Chase & Co. increased its position in Navios Maritime Partners by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock worth $3,184,000 after buying an additional 226,982 shares in the last quarter. Institutional investors and hedge funds own 15.33% of the company’s stock.
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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