Analysts expect Navios Maritime Partners L.P. (NYSE:NMM) to announce earnings of ($0.02) per share for the current quarter, Zacks reports. Four analysts have provided estimates for Navios Maritime Partners’ earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at $0.01. Navios Maritime Partners posted earnings of $0.03 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 166.7%. The business is scheduled to report its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Navios Maritime Partners will report full year earnings of $0.04 per share for the current financial year, with EPS estimates ranging from ($0.16) to $0.19. For the next financial year, analysts forecast that the firm will report earnings of $0.32 per share, with EPS estimates ranging from ($0.04) to $0.52. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings data on Thursday, January 31st. The shipping company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $57.54 million during the quarter, compared to analysts’ expectations of $57.92 million. Navios Maritime Partners had a positive return on equity of 4.59% and a negative net margin of 5.65%.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Navios Maritime Partners from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. ValuEngine raised Navios Maritime Partners from a “sell” rating to a “hold” rating in a research note on Monday, April 1st.

Shares of Navios Maritime Partners stock opened at $0.96 on Tuesday. The company has a market capitalization of $156.05 million, a PE ratio of 4.36 and a beta of 1.81. Navios Maritime Partners has a 52 week low of $0.78 and a 52 week high of $2.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 2.12.

Institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. increased its position in shares of Navios Maritime Partners by 97.6% during the fourth quarter. Macquarie Group Ltd. now owns 44,409 shares of the shipping company’s stock valued at $38,000 after acquiring an additional 21,937 shares during the last quarter. Two Sigma Securities LLC increased its position in shares of Navios Maritime Partners by 235.2% during the fourth quarter. Two Sigma Securities LLC now owns 38,535 shares of the shipping company’s stock valued at $33,000 after acquiring an additional 27,039 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Navios Maritime Partners by 10.2% during the third quarter. Renaissance Technologies LLC now owns 2,601,200 shares of the shipping company’s stock valued at $4,552,000 after acquiring an additional 241,302 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of Navios Maritime Partners during the fourth quarter valued at approximately $750,000. Finally, Deutsche Bank AG increased its position in shares of Navios Maritime Partners by 983.2% during the fourth quarter. Deutsche Bank AG now owns 1,224,668 shares of the shipping company’s stock valued at $1,039,000 after acquiring an additional 1,111,609 shares during the last quarter. 12.72% of the stock is owned by hedge funds and other institutional investors.

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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