Navios Maritime Midstream Partners LP (NAP) Set to Announce Earnings on Thursday
Navios Maritime Midstream Partners LP (NYSE:NAP) is set to post its quarterly earnings results before the market opens on Thursday, October 19th. Analysts expect Navios Maritime Midstream Partners to post earnings of $0.21 per share for the quarter.
Navios Maritime Midstream Partners (NYSE:NAP) last announced its earnings results on Wednesday, July 26th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.13). The company had revenue of $18.50 million for the quarter, compared to the consensus estimate of $21.14 million. Navios Maritime Midstream Partners had a return on equity of 5.73% and a net margin of 18.41%. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 earnings per share. On average, analysts expect Navios Maritime Midstream Partners to post $0.74 EPS for the current fiscal year and $0.82 EPS for the next fiscal year.
Navios Maritime Midstream Partners LP (NYSE:NAP) opened at 8.80 on Friday. Navios Maritime Midstream Partners LP has a 12 month low of $6.55 and a 12 month high of $12.70. The company has a market capitalization of $184.33 million, a price-to-earnings ratio of 10.63 and a beta of 0.57. The company’s 50-day moving average price is $7.49 and its 200 day moving average price is $9.72.
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Several equities analysts have recently commented on the stock. ValuEngine raised shares of Navios Maritime Midstream Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Bank of America Corporation downgraded shares of Navios Maritime Midstream Partners from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $13.00 to $8.00 in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.33.
Navios Maritime Midstream Partners Company Profile
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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