Zacks: Analysts Expect Navios Maritime Midstream Partners LP (NAP) Will Announce Quarterly Sales of $21.34 Million
Wall Street analysts expect Navios Maritime Midstream Partners LP (NYSE:NAP) to report $21.34 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Navios Maritime Midstream Partners’ earnings. The lowest sales estimate is $21.30 million and the highest is $21.38 million. Navios Maritime Midstream Partners reported sales of $22.70 million during the same quarter last year, which indicates a negative year-over-year growth rate of 6%. The firm is expected to issue its next earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Navios Maritime Midstream Partners will report full year sales of $21.34 million for the current year, with estimates ranging from $85.20 million to $85.44 million. For the next financial year, analysts anticipate that the company will report sales of $86.61 million per share, with estimates ranging from $85.22 million to $88.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Navios Maritime Midstream Partners.
Navios Maritime Midstream Partners (NYSE:NAP) last released its earnings results on Thursday, April 27th. The shipping company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.03. Navios Maritime Midstream Partners had a return on equity of 7.12% and a net margin of 21.97%. The firm had revenue of $21.10 million for the quarter, compared to the consensus estimate of $21.42 million. During the same quarter in the previous year, the business posted $0.36 EPS. Navios Maritime Midstream Partners’s revenue was down 12.4% on a year-over-year basis.
NAP has been the subject of several research analyst reports. Zacks Investment Research raised Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research note on Saturday, March 11th. ValuEngine downgraded Navios Maritime Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Bank of America Corporation downgraded Navios Maritime Midstream Partners from a “neutral” rating to an “underperform” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.00.
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Navios Maritime Midstream Partners (NYSE NAP) traded down 0.30% during midday trading on Friday, reaching $9.85. 102,740 shares of the company’s stock were exchanged. The firm has a market capitalization of $206.13 million, a price-to-earnings ratio of 9.64 and a beta of 0.47. Navios Maritime Midstream Partners has a 52 week low of $9.07 and a 52 week high of $14.20. The firm’s 50 day moving average is $10.66 and its 200 day moving average is $11.11.
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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