Equities research analysts expect that Navios Maritime Partners L.P. (NYSE:NMM) will announce earnings per share of $0.81 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Navios Maritime Partners’ earnings. The highest EPS estimate is $1.28 and the lowest is $0.34. Navios Maritime Partners posted earnings per share of $1.50 in the same quarter last year, which indicates a negative year over year growth rate of 46%. The business is scheduled to issue its next earnings results on Tuesday, November 12th.

On average, analysts expect that Navios Maritime Partners will report full-year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $2.10. For the next financial year, analysts forecast that the company will report earnings of $5.07 per share, with EPS estimates ranging from $4.74 to $5.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last announced its earnings results on Wednesday, July 31st. The shipping company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.07). The company had revenue of $47.75 million during the quarter, compared to the consensus estimate of $44.63 million. Navios Maritime Partners had a negative net margin of 2.36% and a positive return on equity of 2.31%.

NMM has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Navios Maritime Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Navios Maritime Partners from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research report on Wednesday.

A number of hedge funds and other institutional investors have recently modified their holdings of NMM. Macquarie Group Ltd. lifted its stake in Navios Maritime Partners by 97.6% during the fourth quarter. Macquarie Group Ltd. now owns 44,409 shares of the shipping company’s stock valued at $38,000 after buying an additional 21,937 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Navios Maritime Partners during the second quarter valued at about $39,000. BlackRock Inc. purchased a new stake in Navios Maritime Partners during the second quarter valued at about $276,000. Finally, Deutsche Bank AG lifted its stake in Navios Maritime Partners by 983.2% during the fourth quarter. Deutsche Bank AG now owns 1,224,668 shares of the shipping company’s stock valued at $1,039,000 after buying an additional 1,111,609 shares in the last quarter.

NMM traded down $0.04 on Thursday, reaching $14.18. The company had a trading volume of 84,200 shares, compared to its average volume of 47,107. The firm has a fifty day moving average of $15.96. The stock has a market cap of $160.52 million, a P/E ratio of 4.30 and a beta of 1.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.08 and a quick ratio of 2.08. Navios Maritime Partners has a one year low of $11.43 and a one year high of $30.75.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, August 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date was Monday, August 5th. Navios Maritime Partners’s payout ratio is 36.36%.

Navios Maritime Partners Company Profile

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of dry cargo commodities, including iron ore, coal, grain, and fertilizers, as well as charters its vessels under medium to long-term charters.

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