Navios Maritime Partners (NMM) Scheduled to Post Quarterly Earnings on Tuesday

Navios Maritime Partners (NYSE:NMM) will issue its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $3.80 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Navios Maritime Partners (NYSE:NMM) last announced its quarterly earnings results on Tuesday, August 20th. The shipping company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.22. The firm had revenue of $342.20 million for the quarter, compared to analysts’ expectations of $312.39 million. Navios Maritime Partners had a net margin of 30.28% and a return on equity of 13.63%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.32 EPS. On average, analysts expect Navios Maritime Partners to post $14 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Navios Maritime Partners Trading Up 0.1 %

Shares of NMM stock opened at $53.43 on Friday. The company’s 50-day moving average price is $57.28 and its 200-day moving average price is $51.16. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 4.15 and a beta of 1.99. Navios Maritime Partners has a twelve month low of $21.18 and a twelve month high of $65.89.

Navios Maritime Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 12th will be given a $0.05 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. Navios Maritime Partners’s payout ratio is currently 1.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NMM shares. StockNews.com raised shares of Navios Maritime Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group boosted their price target on shares of Navios Maritime Partners from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th.

About Navios Maritime Partners

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.