Navios Maritime Partners (NMM) Expected to Announce Quarterly Earnings on Thursday

Navios Maritime Partners (NYSE:NMM) will likely be releasing its results before the market opens on Thursday, February 19th. Analysts expect Navios Maritime Partners to post earnings of $2.41 per share and revenue of $316.00 million for the quarter.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Tuesday, November 18th. The shipping company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.28. Navios Maritime Partners had a return on equity of 8.69% and a net margin of 20.04%.The business had revenue of $346.92 million during the quarter, compared to the consensus estimate of $334.64 million. During the same period in the previous year, the business earned $3.15 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts expect Navios Maritime Partners to post $13 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Navios Maritime Partners Stock Performance

Shares of NYSE NMM traded up $1.89 during midday trading on Wednesday, reaching $64.12. 58,207 shares of the company were exchanged, compared to its average volume of 117,560. The stock has a market cap of $1.90 billion, a P/E ratio of 7.35 and a beta of 1.38. Navios Maritime Partners has a 1 year low of $28.37 and a 1 year high of $64.80. The stock has a fifty day simple moving average of $55.80 and a 200 day simple moving average of $50.74. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.61.

Navios Maritime Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were given a $0.05 dividend. The ex-dividend date was Monday, February 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 2.29%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wall Street Zen lowered Navios Maritime Partners from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Navios Maritime Partners in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Navios Maritime Partners currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Navios Maritime Partners

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of Navios Maritime Partners by 50.9% during the fourth quarter. Royal Bank of Canada now owns 599 shares of the shipping company’s stock worth $32,000 after purchasing an additional 202 shares during the last quarter. State of Wyoming bought a new position in Navios Maritime Partners during the 4th quarter worth approximately $137,000. Mariner LLC acquired a new position in shares of Navios Maritime Partners in the 4th quarter worth approximately $208,000. Cerity Partners LLC acquired a new position in shares of Navios Maritime Partners in the 2nd quarter worth approximately $212,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Navios Maritime Partners by 25.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,706 shares of the shipping company’s stock valued at $290,000 after acquiring an additional 1,559 shares during the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. (NYSE: NMM) is a dry bulk shipping company that owns and operates a fleet of Capesize, Panamax and Supramax vessels. The partnership charters its vessels under medium- and long-term contracts to a diverse group of charterers, providing seaborne transportation for major bulk cargoes such as iron ore, coal, grain and fertilizers. Through this asset-light model, Navios Maritime Partners seeks to generate stable cash flows while retaining flexibility to capitalize on market opportunities.

Formed in November 2007 and sponsored by Navios Maritime Holdings Inc, the partnership leverages the operating platform and commercial management capabilities of the Navios group.