Navios Maritime Partners (NYSE:NMM) Releases Earnings Results, Misses Estimates By $0.65 EPS

Navios Maritime Partners (NYSE:NMM) released its quarterly earnings data on Tuesday. The shipping company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.80 by ($0.65), Briefing.com reports. The firm had revenue of $340.84 million for the quarter, compared to analyst estimates of $326.32 million. Navios Maritime Partners had a net margin of 30.28% and a return on equity of 13.63%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $2.68 EPS.

Navios Maritime Partners Trading Down 0.4 %

Shares of Navios Maritime Partners stock traded down $0.24 on Friday, hitting $53.37. 33,447 shares of the company’s stock traded hands, compared to its average volume of 179,240. The company has a fifty day moving average of $57.38 and a two-hundred day moving average of $51.49. Navios Maritime Partners has a one year low of $21.18 and a one year high of $65.89. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 4.06 and a beta of 1.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.69.

Navios Maritime Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 12th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Tuesday, November 12th. Navios Maritime Partners’s dividend payout ratio is 1.52%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group boosted their price target on shares of Navios Maritime Partners from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th.

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 liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters.