Analysts predict that Navios Maritime Midstream Partners LP (NYSE:NAP) will report $20.78 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Navios Maritime Midstream Partners’ earnings, with estimates ranging from $20.56 million to $21.00 million. Navios Maritime Midstream Partners posted sales of $21.10 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.5%. The company is expected to issue its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Navios Maritime Midstream Partners will report full-year sales of $20.78 million for the current year, with estimates ranging from $84.28 million to $86.50 million. For the next financial year, analysts forecast that the business will report sales of $76.46 million per share, with estimates ranging from $63.92 million to $89.00 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Navios Maritime Midstream Partners.
Navios Maritime Midstream Partners (NYSE:NAP) last issued its quarterly earnings data on Wednesday, January 31st. The shipping company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). The business had revenue of $22.70 million for the quarter, compared to analyst estimates of $21.32 million. Navios Maritime Midstream Partners had a return on equity of 4.64% and a net margin of 14.73%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CS Mckee LP lifted its position in Navios Maritime Midstream Partners by 33.0% in the third quarter. CS Mckee LP now owns 64,900 shares of the shipping company’s stock worth $484,000 after purchasing an additional 16,100 shares during the period. Virtu Financial LLC lifted its position in Navios Maritime Midstream Partners by 139.1% in the fourth quarter. Virtu Financial LLC now owns 34,693 shares of the shipping company’s stock worth $330,000 after purchasing an additional 20,183 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Navios Maritime Midstream Partners in the fourth quarter worth approximately $213,000. Hedge funds and other institutional investors own 9.33% of the company’s stock.
Navios Maritime Midstream Partners (NYSE NAP) traded down $0.09 on Friday, reaching $9.18. The company’s stock had a trading volume of 27,434 shares, compared to its average volume of 111,409. The firm has a market capitalization of $196.56, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 2.86 and a beta of 0.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.59 and a quick ratio of 12.24. Navios Maritime Midstream Partners has a 12-month low of $6.55 and a 12-month high of $12.24.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 9th were given a $0.4225 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.69 dividend on an annualized basis and a yield of 18.41%. Navios Maritime Midstream Partners’s dividend payout ratio (DPR) is 241.43%.
About Navios Maritime Midstream Partners
Navios Maritime Midstream Partners L.P. (Navios Midstream) is a holding company. The Company’s principal activity is to own, operate and acquire crude oil tankers under long-term employment contracts, as well as refined petroleum product tankers, chemical tankers, and liquefied petroleum gas (LPG) tankers under long-term employment contracts.
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