Navios Maritime Partners (NMM) Releases Earnings Results

Navios Maritime Partners (NYSE:NMM) issued its quarterly earnings data on Monday, February 5th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04, Morningstar.com reports. Navios Maritime Partners had a negative net margin of 7.13% and a positive return on equity of 2.77%. The firm had revenue of $59.27 million during the quarter, compared to the consensus estimate of $57.86 million.

Shares of Navios Maritime Partners (NYSE NMM) traded up $0.07 during trading hours on Monday, reaching $2.11. 896,999 shares of the company were exchanged, compared to its average volume of 1,140,000. The company has a market capitalization of $318.22, a PE ratio of 211.00 and a beta of 1.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.55 and a quick ratio of 1.39. Navios Maritime Partners has a fifty-two week low of $1.45 and a fifty-two week high of $2.65.

A number of large investors have recently made changes to their positions in the stock. Virtu KCG Holdings LLC increased its stake in Navios Maritime Partners by 1.5% in the second quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock valued at $147,000 after acquiring an additional 1,324 shares during the last quarter. Virtu Financial LLC bought a new position in Navios Maritime Partners in the fourth quarter valued at approximately $196,000. Concourse Capital Management LLC bought a new position in Navios Maritime Partners in the fourth quarter valued at approximately $208,000. Arrowstreet Capital Limited Partnership bought a new position in Navios Maritime Partners in the second quarter valued at approximately $188,000. Finally, Macquarie Group Ltd. bought a new position in Navios Maritime Partners in the third quarter valued at approximately $320,000. 15.34% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on NMM. Jefferies Group set a $3.00 price target on shares of Navios Maritime Partners and gave the company a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research downgraded shares of Navios Maritime Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Citigroup lifted their price target on shares of Navios Maritime Partners from $2.00 to $2.25 and gave the company a “neutral” rating in a research report on Thursday, November 16th. JPMorgan Chase & Co. downgraded shares of Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, TheStreet upgraded shares of Navios Maritime Partners from a “d+” rating to a “c-” rating in a research report on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Navios Maritime Partners presently has an average rating of “Hold” and an average target price of $2.44.

ILLEGAL ACTIVITY NOTICE: “Navios Maritime Partners (NMM) Releases Earnings Results” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/12/navios-maritime-partners-nmm-releases-earnings-results.html.

About Navios Maritime Partners

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.

Earnings History for Navios Maritime Partners (NYSE:NMM)

Receive News & Ratings for Navios Maritime Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply