Navios Maritime Partners (NMM) to Release Earnings on Thursday

Navios Maritime Partners (NYSE:NMM) is anticipated to announce its results before the market opens on Thursday, February 19th. Analysts expect the company to announce earnings of $2.41 per share and revenue of $316.00 million for the quarter.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Tuesday, November 18th. The shipping company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.55 by $0.28. The firm had revenue of $346.92 million during the quarter, compared to analysts’ expectations of $334.64 million. Navios Maritime Partners had a net margin of 20.04% and a return on equity of 8.69%. Navios Maritime Partners’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.15 EPS. On average, analysts expect Navios Maritime Partners to post $13 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Navios Maritime Partners Stock Performance

Shares of NMM traded up $1.89 during mid-day trading on Wednesday, reaching $64.12. 58,207 shares of the company’s stock traded hands, compared to its average volume of 117,560. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day moving average price is $55.80 and its 200-day moving average price is $50.74. The stock has a market capitalization of $1.90 billion, a P/E ratio of 7.35 and a beta of 1.38. Navios Maritime Partners has a 12 month low of $28.37 and a 12 month high of $64.80.

Navios Maritime Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, February 9th. Navios Maritime Partners’s payout ratio is 2.29%.

Institutional Investors Weigh In On Navios Maritime Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ion Asset Management Ltd. boosted its stake in shares of Navios Maritime Partners by 2.2% during the 2nd quarter. Ion Asset Management Ltd. now owns 817,963 shares of the shipping company’s stock valued at $30,821,000 after buying an additional 17,285 shares during the period. ION Fund Management Ltd purchased a new stake in shares of Navios Maritime Partners during the fourth quarter worth $24,432,000. Bank of America Corp DE boosted its position in Navios Maritime Partners by 28.8% during the third quarter. Bank of America Corp DE now owns 117,950 shares of the shipping company’s stock valued at $5,314,000 after purchasing an additional 26,340 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Navios Maritime Partners by 150.9% during the fourth quarter. JPMorgan Chase & Co. now owns 87,535 shares of the shipping company’s stock valued at $4,589,000 after purchasing an additional 52,651 shares during the last quarter. Finally, Lighthouse Investment Partners LLC grew its stake in Navios Maritime Partners by 92.0% in the third quarter. Lighthouse Investment Partners LLC now owns 52,109 shares of the shipping company’s stock valued at $2,348,000 after purchasing an additional 24,964 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NMM shares. Wall Street Zen cut shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Navios Maritime Partners in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Navios Maritime Partners

Navios Maritime Partners L.P. (NYSE: NMM) is a dry bulk shipping company that owns and operates a fleet of Capesize, Panamax and Supramax vessels. The partnership charters its vessels under medium- and long-term contracts to a diverse group of charterers, providing seaborne transportation for major bulk cargoes such as iron ore, coal, grain and fertilizers. Through this asset-light model, Navios Maritime Partners seeks to generate stable cash flows while retaining flexibility to capitalize on market opportunities.

Formed in November 2007 and sponsored by Navios Maritime Holdings Inc, the partnership leverages the operating platform and commercial management capabilities of the Navios group.