Navios Maritime Partners (NMM) to Release Quarterly Earnings on Tuesday

Navios Maritime Partners (NYSE:NMM) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $4.54 per share and revenue of $283.00 million for the quarter.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Tuesday, November 5th. The shipping company reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.80 by ($0.65). The business had revenue of $340.84 million for the quarter, compared to analysts’ expectations of $326.32 million. Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.66%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.68 EPS. On average, analysts expect Navios Maritime Partners to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Navios Maritime Partners Price Performance

Shares of NMM stock opened at $42.42 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.13. Navios Maritime Partners has a fifty-two week low of $27.52 and a fifty-two week high of $65.89. The firm has a market cap of $1.27 billion, a P/E ratio of 3.22 and a beta of 1.97. The business’s 50 day moving average price is $44.53 and its 200-day moving average price is $50.39.

Navios Maritime Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, February 10th. Navios Maritime Partners’s payout ratio is currently 1.52%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a report on Monday.

About Navios Maritime Partners

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.