Navios Maritime Partners (NYSE:NMM) Announces Earnings Results, Beats Estimates By $0.22 EPS

Navios Maritime Partners (NYSE:NMM) announced its quarterly earnings data on Tuesday. The shipping company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.22, Briefing.com reports. Navios Maritime Partners had a return on equity of 14.41% and a net margin of 30.99%. The firm had revenue of $342.20 million during the quarter, compared to analyst estimates of $312.39 million. During the same period in the previous year, the company earned $3.32 earnings per share. Navios Maritime Partners’s quarterly revenue was down 1.4% on a year-over-year basis.

Navios Maritime Partners Stock Performance

Shares of NYSE NMM traded down $0.22 during midday trading on Thursday, hitting $53.44. The company’s stock had a trading volume of 24,140 shares, compared to its average volume of 167,841. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.89 and a current ratio of 0.89. Navios Maritime Partners has a 1-year low of $20.92 and a 1-year high of $55.09. The firm’s fifty day moving average price is $48.77 and its 200-day moving average price is $44.21. The firm has a market cap of $1.61 billion, a P/E ratio of 4.05 and a beta of 1.95.

Navios Maritime Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 9th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.37%. Navios Maritime Partners’s dividend payout ratio (DPR) is 1.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.