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%.
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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