Wall Street analysts expect that Navios Maritime Partners L.P. (NYSE:NMM) will announce sales of $56.65 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navios Maritime Partners’ earnings. The lowest sales estimate is $50.10 million and the highest is $60.67 million. Navios Maritime Partners posted sales of $49.67 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.1%. The business is scheduled to issue its next earnings report on Tuesday, February 13th.

On average, analysts expect that Navios Maritime Partners will report full-year sales of $56.65 million for the current fiscal year, with estimates ranging from $199.66 million to $213.05 million. For the next financial year, analysts anticipate that the company will post sales of $230.51 million per share, with estimates ranging from $185.92 million to $276.18 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Navios Maritime Partners.

NMM has been the topic of several recent research reports. TheStreet upgraded Navios Maritime Partners from a “d+” rating to a “c-” rating in a research report on Wednesday, November 15th. Jefferies Group initiated coverage on Navios Maritime Partners in a research report on Monday, December 18th. They issued a “buy” rating and a $2.00 price objective on the stock. Zacks Investment Research downgraded Navios Maritime Partners from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Finally, Citigroup upped their price objective on Navios Maritime Partners from $2.00 to $2.25 and gave the company a “neutral” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.19.

Shares of Navios Maritime Partners (NYSE:NMM) traded down $0.03 during trading hours on Friday, hitting $2.44. The stock had a trading volume of 428,839 shares, compared to its average volume of 1,140,000. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.39 and a quick ratio of 1.39. Navios Maritime Partners has a twelve month low of $1.45 and a twelve month high of $2.65. The stock has a market capitalization of $367.99, a P/E ratio of 244.00 and a beta of 1.84.

Large investors have recently modified their holdings of the company. Virtu KCG Holdings LLC increased its stake in Navios Maritime Partners by 1.5% in the second quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock valued at $147,000 after purchasing an additional 1,324 shares during the last quarter. Sound Point Capital Management LP increased its stake in Navios Maritime Partners by 7.7% in the second quarter. Sound Point Capital Management LP now owns 1,094,891 shares of the shipping company’s stock valued at $1,741,000 after purchasing an additional 78,743 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Navios Maritime Partners in the second quarter valued at $188,000. Macquarie Group Ltd. acquired a new position in Navios Maritime Partners in the third quarter valued at $320,000. Finally, JPMorgan Chase & Co. increased its stake in Navios Maritime Partners by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock valued at $3,184,000 after purchasing an additional 226,982 shares during the last quarter. Institutional investors and hedge funds own 15.31% of the company’s stock.

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Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.

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