Wall Street brokerages expect Navios Maritime Partners L.P. (NYSE:NMM) to announce earnings per share (EPS) of $0.01 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navios Maritime Partners’ earnings, with estimates ranging from $0.00 to $0.01. Navios Maritime Partners reported earnings of $0.03 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 66.7%. The business is expected to report its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Navios Maritime Partners will report full year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from ($0.01) to $0.19. For the next financial year, analysts forecast that the firm will post earnings of $0.36 per share, with EPS estimates ranging from $0.12 to $0.52. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Thursday, January 31st. The shipping company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). The business had revenue of $57.54 million for the quarter, compared to analysts’ expectations of $57.92 million. Navios Maritime Partners had a negative net margin of 5.65% and a positive return on equity of 4.57%.

NMM has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Navios Maritime Partners from a “neutral” rating to an “overweight” rating in a research note on Wednesday, October 17th. Zacks Investment Research upgraded shares of Navios Maritime Partners from a “hold” rating to a “strong-buy” rating and set a $2.00 target price on the stock in a research note on Friday, October 19th. Finally, ValuEngine cut shares of Navios Maritime Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 6th.

A number of hedge funds and other institutional investors have recently bought and sold shares of NMM. Macquarie Group Ltd. lifted its stake in Navios Maritime Partners by 128.7% in the 2nd quarter. Macquarie Group Ltd. now owns 76,773 shares of the shipping company’s stock worth $145,000 after purchasing an additional 43,200 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in Navios Maritime Partners in the 3rd quarter worth approximately $526,000. Millennium Management LLC lifted its stake 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 purchasing an additional 72,692 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Navios Maritime Partners by 31.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,359,898 shares of the shipping company’s stock worth $4,460,000 after purchasing an additional 564,098 shares in the last quarter. Institutional investors and hedge funds own 17.31% of the company’s stock.

Shares of NMM stock opened at $0.96 on Wednesday. The company has a market cap of $166.48 million, a P/E ratio of 4.73 and a beta of 1.77. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.65 and a current ratio of 1.65. Navios Maritime Partners has a 12 month low of $0.78 and a 12 month high of $2.18.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Monday, February 11th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 8.36%. The ex-dividend date is Friday, February 8th. Navios Maritime Partners’s dividend payout ratio is presently 36.36%.

About Navios Maritime Partners

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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