Navios Maritime Partners (NYSE:NMM) Announces Quarterly Earnings Results

Navios Maritime Partners (NYSE:NMM) released its quarterly earnings results on Thursday. The shipping company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $4.54 by ($1.93), Zacks reports. The firm had revenue of $302.99 million for the quarter, compared to the consensus estimate of $340.83 million. Navios Maritime Partners had a return on equity of 13.66% and a net margin of 30.48%.

Navios Maritime Partners Trading Up 0.2 %

Shares of NYSE:NMM traded up $0.11 during midday trading on Friday, hitting $44.03. 162,158 shares of the stock were exchanged, compared to its average volume of 138,029. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 3.34 and a beta of 1.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50-day moving average price is $43.72 and its 200 day moving average price is $50.07. Navios Maritime Partners has a 12 month low of $30.66 and a 12 month high of $65.89.

Navios Maritime Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Monday, February 10th. Navios Maritime Partners’s dividend payout ratio (DPR) is currently 1.52%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating in a report on Thursday.

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.