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

Navios Maritime Partners (NYSE:NMM) released its quarterly earnings results on Tuesday. The shipping company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $312.39 million. During the same quarter last year, the business posted $3.32 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year.

Navios Maritime Partners Price Performance

Shares of NMM opened at $53.66 on Thursday. 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 fifty-two week low of $20.92 and a fifty-two week high of $55.09. The firm has a 50-day simple moving average of $48.77 and a 200-day simple moving average of $44.21. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 4.05 and a beta of 1.95.

Navios Maritime Partners Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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.