Equities Analysts Offer Predictions for Navios Maritime Partners L.P.’s Q2 2018 Earnings (NMM)

Navios Maritime Partners L.P. (NYSE:NMM) – Stock analysts at Jefferies Group issued their Q2 2018 earnings per share estimates for Navios Maritime Partners in a research note issued on Monday. Jefferies Group analyst R. Giveans expects that the shipping company will post earnings of $0.07 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $3.00 target price on the stock. Jefferies Group also issued estimates for Navios Maritime Partners’ Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $0.32 EPS and FY2019 earnings at $0.30 EPS.

Several other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Navios Maritime Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. lowered shares of Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 17th. TheStreet raised shares of Navios Maritime Partners from a “d+” rating to a “c-” rating in a report on Wednesday, November 15th. Finally, Citigroup raised their price objective on shares of Navios Maritime Partners from $2.00 to $2.25 and gave the stock a “neutral” rating in a report on Thursday, November 16th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Navios Maritime Partners currently has an average rating of “Hold” and a consensus target price of $2.44.

Navios Maritime Partners (NYSE NMM) traded up $0.01 during trading hours on Thursday, reaching $2.10. 117,970 shares of the company traded hands, compared to its average volume of 1,063,528. Navios Maritime Partners has a 52-week low of $1.45 and a 52-week high of $2.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.55 and a quick ratio of 1.39. The firm has a market capitalization of $317.77, a price-to-earnings ratio of 14.33 and a beta of 1.52.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Tuesday, November 14th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Navios Maritime Partners had a negative net margin of 7.13% and a positive return on equity of 2.77%. The firm had revenue of $59.95 million during the quarter, compared to analyst estimates of $62.18 million.

Several hedge funds and other institutional investors have recently bought and sold shares of NMM. Virtu KCG Holdings LLC increased its holdings in shares of 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 in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Navios Maritime Partners during the second quarter worth approximately $188,000. Macquarie Group Ltd. acquired a new stake in shares of Navios Maritime Partners during the third quarter worth approximately $320,000. JPMorgan Chase & Co. increased its holdings in shares of Navios Maritime Partners by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock worth $3,184,000 after buying an additional 226,982 shares in the last quarter. Finally, Concourse Capital Management LLC acquired a new stake in shares of Navios Maritime Partners during the fourth quarter worth approximately $208,000. 15.33% of the stock is owned by institutional investors.

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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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