Navios Maritime Partners L.P. (NYSE:NMM) – Investment analysts at Jefferies Financial Group dropped their Q2 2020 EPS estimates for shares of Navios Maritime Partners in a report released on Monday, February 10th. Jefferies Financial Group analyst R. Giveans now forecasts that the shipping company will post earnings per share of $0.48 for the quarter, down from their previous estimate of $0.56. Jefferies Financial Group also issued estimates for Navios Maritime Partners’ Q3 2020 earnings at $1.19 EPS, Q4 2020 earnings at $1.67 EPS and FY2020 earnings at $3.22 EPS.
Several other research firms have also weighed in on NMM. TheStreet lowered shares of Navios Maritime Partners from a “c” rating to a “d+” rating in a report on Monday, February 10th. Zacks Investment Research lowered shares of Navios Maritime Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 29th. Fearnley Fonds lowered shares of Navios Maritime Partners from a “buy” rating to a “hold” rating and set a target price on the stock. in a report on Monday, January 27th. Finally, ValuEngine upgraded shares of Navios Maritime Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.83.
NYSE:NMM opened at $10.84 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $122.70 million, a price-to-earnings ratio of -1.91 and a beta of 2.03. The firm’s fifty day simple moving average is $15.09 and its 200 day simple moving average is $17.13. Navios Maritime Partners has a twelve month low of $10.84 and a twelve month high of $21.30.
Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Monday, February 10th. The shipping company reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.11. The business had revenue of $61.27 million for the quarter, compared to analyst estimates of $60.77 million. Navios Maritime Partners had a negative net margin of 28.32% and a positive return on equity of 3.54%.
A number of hedge funds have recently modified their holdings of the business. UBS Group AG lifted its holdings in Navios Maritime Partners by 12.1% in the 4th quarter. UBS Group AG now owns 106,240 shares of the shipping company’s stock worth $1,978,000 after buying an additional 11,428 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Navios Maritime Partners by 980.5% in the 4th quarter. Russell Investments Group Ltd. now owns 75,854 shares of the shipping company’s stock worth $1,412,000 after buying an additional 68,834 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in Navios Maritime Partners in the 4th quarter worth $759,000. BlackRock Inc. acquired a new position in Navios Maritime Partners in the 2nd quarter worth $276,000. Finally, Advisor Group Inc. lifted its holdings in Navios Maritime Partners by 898.9% in the 4th quarter. Advisor Group Inc. now owns 16,182 shares of the shipping company’s stock worth $302,000 after buying an additional 14,562 shares in the last quarter. Hedge funds and other institutional investors own 14.09% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Tuesday, February 11th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.20 dividend on an annualized basis and a yield of 11.07%. Navios Maritime Partners’s dividend payout ratio is currently 49.38%.
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 dry cargo commodities, including iron ore, coal, grain, and fertilizers, as well as charters its vessels under medium to long-term charters.
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