Equities analysts expect Navios Maritime Partners LP (NYSE:NMM) to report $0.02 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Navios Maritime Partners’ earnings. The highest EPS estimate is $0.05 and the lowest is ($0.01). Navios Maritime Partners reported earnings of $0.09 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 77.8%. The firm is expected to issue its next earnings results on Tuesday, February 13th.

On average, analysts expect that Navios Maritime Partners will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.11 to $0.14. For the next fiscal year, analysts anticipate that the company will report earnings of $0.11 per share, with EPS estimates ranging from $0.03 to $0.18. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Navios Maritime Partners.

Several equities analysts have recently commented on the company. Jefferies Group assumed coverage on Navios Maritime Partners in a research note on Monday, December 18th. They set a “buy” rating and a $2.00 price target on the stock. Stifel Nicolaus restated a “hold” rating and set a $2.25 price target on shares of Navios Maritime Partners in a research note on Friday, September 1st. Zacks Investment Research lowered Navios Maritime Partners from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Citigroup raised their price target on Navios Maritime Partners from $2.00 to $2.25 and gave the company a “neutral” rating in a research note on Thursday, November 16th. Finally, TheStreet upgraded Navios Maritime Partners from a “d+” rating to a “c-” rating in a research note on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $2.19.

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu KCG Holdings LLC grew 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. Arrowstreet Capital Limited Partnership purchased a new position in Navios Maritime Partners in the second quarter valued at about $188,000. Macquarie Group Ltd. purchased a new position in Navios Maritime Partners in the third quarter valued at about $320,000. Sound Point Capital Management LP grew 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. Finally, JPMorgan Chase & Co. grew 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 own 15.31% of the company’s stock.

Shares of Navios Maritime Partners (NYSE:NMM) traded down $0.01 during trading on Monday, hitting $2.27. The stock had a trading volume of 773,603 shares, compared to its average volume of 729,502. The stock has a market capitalization of $343.86, a price-to-earnings ratio of 227.00 and a beta of 1.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.39 and a current ratio of 1.39. Navios Maritime Partners has a 1 year low of $1.40 and a 1 year high of $2.65.

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About Navios Maritime Partners

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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