$0.02 EPS Expected for Navios Maritime Partners L.P. (NMM) This Quarter

Analysts predict that Navios Maritime Partners L.P. (NYSE:NMM) will report earnings of $0.02 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navios Maritime Partners’ earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.02). Navios Maritime Partners reported earnings of $0.01 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The firm is expected to announce its next earnings report on Monday, May 28th.

According to Zacks, analysts expect that Navios Maritime Partners will report full-year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.32. For the next financial year, analysts forecast that the company will report earnings of $0.13 per share, with EPS estimates ranging from $0.05 to $0.30. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Tuesday, November 14th. The shipping company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Navios Maritime Partners had a return on equity of 4.69% and a net margin of 15.30%. The business had revenue of $59.95 million for the quarter, compared to the consensus estimate of $62.18 million.

A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded Navios Maritime Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Citigroup upped their price target 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. JPMorgan Chase & Co. downgraded Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 17th. Jefferies Group set a $3.00 price objective on Navios Maritime Partners and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, TheStreet raised Navios Maritime Partners from a “d+” rating to a “c-” rating in a research note on Wednesday, November 15th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Navios Maritime Partners presently has an average rating of “Hold” and an average target price of $2.44.

Navios Maritime Partners (NMM) opened at $1.91 on Wednesday. Navios Maritime Partners has a 52 week low of $1.45 and a 52 week 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. The firm has a market capitalization of $311.85, a P/E ratio of -15.92 and a beta of 1.52.

Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of Navios Maritime Partners by 173.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,066,700 shares of the shipping company’s stock worth $2,517,000 after purchasing an additional 676,900 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Navios Maritime Partners in the fourth quarter worth approximately $196,000. Concourse Capital Management LLC purchased a new stake in shares of Navios Maritime Partners in the fourth quarter worth approximately $208,000. JPMorgan Chase & Co. raised its stake in shares of 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 worth $3,184,000 after purchasing an additional 226,982 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Navios Maritime Partners in the third quarter worth approximately $320,000. 15.34% of the stock is owned by hedge funds and other institutional investors.

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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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