Equities Analysts Offer Predictions for Navios Maritime Partners L.P.’s Q2 2018 Earnings (NMM)

Navios Maritime Partners L.P. (NYSE:NMM) – Analysts at Jefferies Group issued their Q2 2018 earnings estimates for shares of Navios Maritime Partners in a research report issued on Monday. Jefferies Group analyst R. Giveans expects that the shipping company will post earnings of $0.07 per share for the quarter. Jefferies Group has a “Buy” rating and a $3.00 price objective on the stock. Jefferies Group also issued estimates for Navios Maritime Partners’ Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $0.32 EPS and FY2019 earnings at $0.30 EPS.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a research note on Friday, October 13th. TheStreet upgraded Navios Maritime Partners from a “d+” rating to a “c-” rating in a research note on Wednesday, November 15th. Citigroup boosted their price objective on Navios Maritime Partners from $2.00 to $2.25 and gave the stock a “neutral” rating in a research note on Thursday, November 16th. Finally, JPMorgan Chase & Co. cut Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 17th. Five research analysts have rated the stock with 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 $2.44.

Shares of Navios Maritime Partners (NMM) traded up $0.01 on Thursday, hitting $2.10. The company’s stock had a trading volume of 117,970 shares, compared to its average volume of 1,063,528. The firm has a market capitalization of $317.77, a PE ratio of 14.33 and a beta of 1.52. Navios Maritime Partners has a 12 month low of $1.45 and a 12 month high of $2.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.39 and a current ratio of 0.55.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings data on Tuesday, November 14th. The shipping company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The company had revenue of $59.95 million for the quarter, compared to analysts’ expectations of $62.18 million. Navios Maritime Partners had a positive return on equity of 2.77% and a negative net margin of 7.13%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Navios Maritime Partners by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock worth $3,184,000 after acquiring an additional 226,982 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Navios Maritime Partners during the third quarter worth about $320,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Navios Maritime Partners during the second quarter worth about $188,000. Virtu KCG Holdings LLC increased its position in shares of Navios Maritime Partners by 1.5% during the second quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock worth $147,000 after acquiring an additional 1,324 shares during the last quarter. Finally, Concourse Capital Management LLC purchased a new stake in shares of Navios Maritime Partners during the fourth quarter worth about $208,000. 15.33% of the stock is currently owned by institutional investors and hedge funds.

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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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