Navios Maritime Partners (NYSE:NMM) Releases Earnings Results, Misses Estimates By $1.93 EPS

Navios Maritime Partners (NYSE:NMM) issued its earnings results on Thursday. The shipping company reported $2.61 EPS for the quarter, missing the consensus estimate of $4.54 by ($1.93), Zacks reports. Navios Maritime Partners had a return on equity of 13.66% and a net margin of 30.48%.

Navios Maritime Partners Price Performance

Shares of NMM traded down $0.58 during mid-day trading on Thursday, reaching $43.56. The company had a trading volume of 68,843 shares, compared to its average volume of 127,003. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $1.30 billion, a P/E ratio of 3.31 and a beta of 1.93. Navios Maritime Partners has a twelve month low of $29.86 and a twelve month high of $65.89. The company’s 50-day moving average is $43.92 and its 200-day moving average is $50.13.

Navios Maritime Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be paid a $0.05 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. Navios Maritime Partners’s dividend payout ratio is currently 1.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

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.