Brokerages predict that Navios Maritime Partners L.P. (NYSE:NMM) will report $47.62 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Navios Maritime Partners’ earnings, with the highest sales estimate coming in at $50.34 million and the lowest estimate coming in at $44.89 million. Navios Maritime Partners posted sales of $58.20 million during the same quarter last year, which suggests a negative year over year growth rate of 18.2%. The firm is expected to issue its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Navios Maritime Partners will report full year sales of $219.67 million for the current fiscal year, with estimates ranging from $203.22 million to $239.50 million. For the next year, analysts anticipate that the company will report sales of $243.32 million, with estimates ranging from $228.86 million to $250.60 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Navios Maritime Partners.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Friday, May 3rd. The shipping company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. Navios Maritime Partners had a positive return on equity of 3.65% and a negative net margin of 12.47%. The company had revenue of $46.82 million for the quarter, compared to analysts’ expectations of $50.41 million.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Navios Maritime Partners from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. ValuEngine raised Navios Maritime Partners from a “sell” rating to a “hold” rating in a report on Monday, April 1st.

Shares of NMM traded up $0.02 during mid-day trading on Friday, hitting $0.93. 417,299 shares of the stock were exchanged, compared to its average volume of 689,492. The stock has a market capitalization of $151.12 million, a price-to-earnings ratio of 4.24 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.

Navios Maritime Partners’s stock is going to reverse split before the market opens on Tuesday, May 21st. The 1-15 reverse split was announced on Thursday, April 25th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, May 20th.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Friday, May 10th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 8.60%. Navios Maritime Partners’s dividend payout ratio (DPR) is presently 36.36%.

A number of large investors have recently made changes to their positions in NMM. Two Sigma Securities LLC increased its holdings in shares of Navios Maritime Partners by 235.2% in the fourth quarter. Two Sigma Securities LLC now owns 38,535 shares of the shipping company’s stock valued at $33,000 after buying an additional 27,039 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Navios Maritime Partners by 97.6% in the fourth quarter. Macquarie Group Ltd. now owns 44,409 shares of the shipping company’s stock valued at $38,000 after buying an additional 21,937 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Navios Maritime Partners by 24.3% in the first quarter. Wells Fargo & Company MN now owns 55,977 shares of the shipping company’s stock valued at $51,000 after buying an additional 10,951 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Navios Maritime Partners in the fourth quarter valued at $750,000. Finally, Deutsche Bank AG increased its holdings in shares of Navios Maritime Partners by 983.2% in the fourth quarter. Deutsche Bank AG now owns 1,224,668 shares of the shipping company’s stock valued at $1,039,000 after buying an additional 1,111,609 shares in the last quarter. 12.75% of the stock is currently owned by hedge funds and other 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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