Navios Maritime Partners (NYSE:NMM) Releases Earnings Results, Misses Expectations By $0.29 EPS

Navios Maritime Partners (NYSE:NMM) released its earnings results on Wednesday. The shipping company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.29), MarketWatch Earnings reports. The company had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $46.69 million. Navios Maritime Partners had a positive return on equity of 2.55% and a negative net margin of 32.80%.

NMM opened at $6.34 on Friday. The firm has a market capitalization of $73.62 million, a PE ratio of 3.90 and a beta of 2.64. Navios Maritime Partners has a twelve month low of $4.08 and a twelve month high of $21.30. The firm’s 50-day moving average price is $8.77 and its 200 day moving average price is $8.68. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.20 dividend on an annualized basis and a yield of 3.15%. Navios Maritime Partners’s payout ratio is presently 49.38%.

A number of research firms have recently commented on NMM. ValuEngine raised shares of Navios Maritime Partners from a “strong sell” rating to a “sell” rating in a research note on Monday, July 13th. Zacks Investment Research raised shares of Navios Maritime Partners from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Saturday, July 25th. Finally, Jefferies Financial Group lowered shares of Navios Maritime Partners from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $13.81.

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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Earnings History for Navios Maritime Partners (NYSE:NMM)

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