Equities analysts expect that Navios Maritime Partners L.P. (NYSE:NMM) will post $53.79 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Navios Maritime Partners’ earnings. The highest sales estimate is $58.93 million and the lowest is $45.45 million. Navios Maritime Partners reported sales of $59.95 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.3%. The firm is expected to issue its next earnings report on Tuesday, November 13th.
According to Zacks, analysts expect that Navios Maritime Partners will report full year sales of $222.55 million for the current year, with estimates ranging from $193.63 million to $244.60 million. For the next fiscal year, analysts expect that the company will post sales of $220.88 million per share, with estimates ranging from $179.43 million to $246.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Navios Maritime Partners.
Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Wednesday, August 1st. The shipping company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Navios Maritime Partners had a negative net margin of 16.31% and a positive return on equity of 3.98%. The business had revenue of $58.20 million during the quarter, compared to the consensus estimate of $57.07 million.
Shares of Navios Maritime Partners traded down $0.01, reaching $2.00, during mid-day trading on Tuesday, according to MarketBeat Ratings. 480,716 shares of the company’s stock were exchanged, compared to its average volume of 385,582. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.92 and a quick ratio of 1.53. Navios Maritime Partners has a 52-week low of $1.61 and a 52-week high of $2.62. The stock has a market cap of $336.86 million, a price-to-earnings ratio of 10.58 and a beta of 1.59.
The business also recently announced a quarterly dividend, which was paid on Friday, August 10th. Stockholders of record on Tuesday, August 7th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, August 6th. Navios Maritime Partners’s payout ratio is currently 50.00%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Evermore Global Advisors LLC boosted its stake in Navios Maritime Partners by 4.9% during the 2nd quarter. Evermore Global Advisors LLC now owns 10,792,588 shares of the shipping company’s stock valued at $20,398,000 after purchasing an additional 500,155 shares during the period. Millennium Management LLC lifted its stake in shares of Navios Maritime Partners by 982.2% in the 1st quarter. Millennium Management LLC now owns 424,249 shares of the shipping company’s stock worth $764,000 after acquiring an additional 385,048 shares during the period. Natixis acquired a new stake in shares of Navios Maritime Partners in the 1st quarter worth approximately $107,000. Barclays PLC lifted its stake in shares of Navios Maritime Partners by 286.0% in the 1st quarter. Barclays PLC now owns 144,737 shares of the shipping company’s stock worth $260,000 after acquiring an additional 107,236 shares during the period. Finally, UBS Group AG lifted its stake in shares of Navios Maritime Partners by 34.7% in the 1st quarter. UBS Group AG now owns 861,354 shares of the shipping company’s stock worth $1,550,000 after acquiring an additional 222,001 shares during the period. 19.68% of the stock is owned by institutional investors.
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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