Wall Street brokerages predict that Navios Maritime Partners L.P. (NYSE:NMM) will announce earnings per share (EPS) of ($0.02) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Navios Maritime Partners’ earnings, with estimates ranging from ($0.08) to $0.01. Navios Maritime Partners reported earnings per share of $0.03 during the same quarter last year, which would suggest a negative year over year growth rate of 166.7%. The firm is scheduled to report its next quarterly 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 business will report earnings of $0.32 per share, with EPS estimates ranging from ($0.04) to $0.52. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Thursday, January 31st. The shipping company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business 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 equities analysts have recently weighed in on NMM shares. Zacks Investment Research upgraded shares of Navios Maritime Partners from a “hold” rating to a “strong-buy” rating and set a $1.00 target price for the company in a research note on Tuesday, January 1st. ValuEngine upgraded shares of Navios Maritime Partners from a “sell” rating to a “hold” rating in a research note on Monday, April 1st.

Shares of NMM traded up $0.07 during trading hours on Tuesday, hitting $1.02. The company’s stock had a trading volume of 1,255,256 shares, compared to its average volume of 697,879. The company has a market capitalization of $160.39 million, a price-to-earnings ratio of 4.64 and a beta of 1.81. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.62. Navios Maritime Partners has a 52-week low of $0.78 and a 52-week high of $2.11.

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in 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 in the last quarter. Globeflex Capital L P purchased a new position in Navios Maritime Partners during the fourth quarter valued at approximately $750,000. Two Sigma Securities LLC grew its stake in 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 in the last quarter. Macquarie Group Ltd. grew its stake in 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 in the last quarter. Finally, Deutsche Bank AG grew its stake in 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 in the last quarter. 12.72% of the stock is owned by institutional investors.

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 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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