Analysts expect that Navios Maritime Partners LP (NYSE:NMM) will report earnings of $0.02 per share for the current quarter, Zacks reports. Three analysts have made estimates for Navios Maritime Partners’ earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.01). Navios Maritime Partners reported earnings per share of $0.09 in the same quarter last year, which would indicate a negative year over year growth rate of 77.8%. The company is expected to report its next earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Navios Maritime Partners will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $0.14. For the next fiscal year, analysts forecast that the company will report earnings of $0.11 per share, with EPS estimates ranging from $0.03 to $0.18. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Navios Maritime Partners.

A number of research analysts have recently commented on the stock. BidaskClub lowered shares of Navios Maritime Partners from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $2.25 price objective on shares of Navios Maritime Partners in a research report on Friday, September 1st. Zacks Investment Research raised shares of Navios Maritime Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Citigroup Inc. upped their price objective 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. Finally, TheStreet raised shares of Navios Maritime Partners from a “d+” rating to a “c-” rating in a research report on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Navios Maritime Partners presently has a consensus rating of “Hold” and a consensus target price of $2.19.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG increased its stake in Navios Maritime Partners by 39.3% in the first quarter. UBS Group AG now owns 84,975 shares of the shipping company’s stock valued at $176,000 after acquiring an additional 23,989 shares during the period. Virtu KCG Holdings LLC grew its stake in Navios Maritime Partners by 1.5% during the second quarter. Virtu KCG Holdings LLC now owns 92,494 shares of the shipping company’s stock worth $147,000 after buying an additional 1,324 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Navios Maritime Partners during the second quarter worth about $188,000. Macquarie Group Ltd. bought a new stake in Navios Maritime Partners during the third quarter worth about $320,000. Finally, Renaissance Technologies LLC grew its stake in Navios Maritime Partners by 905.0% during the first quarter. Renaissance Technologies LLC now owns 776,808 shares of the shipping company’s stock worth $1,608,000 after buying an additional 699,514 shares during the last quarter. 17.54% of the stock is currently owned by institutional investors and hedge funds.

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Navios Maritime Partners (NYSE NMM) opened at $1.97 on Monday. The firm has a market cap of $296.38, a price-to-earnings ratio of 11.59 and a beta of 1.87. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.55. Navios Maritime Partners has a 52-week low of $1.40 and a 52-week high of $2.65.

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.

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