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

Navios Maritime Partners (NYSE:NMM) released its quarterly earnings data on Thursday. The shipping company reported $2.61 EPS for the quarter, missing the consensus estimate of $4.54 by ($1.93), Zacks reports. Navios Maritime Partners had a net margin of 30.48% and a return on equity of 13.66%.

Navios Maritime Partners Trading Up 0.2 %

NMM stock opened at $44.03 on Friday. The company has a market capitalization of $1.32 billion, a PE ratio of 3.34 and a beta of 1.93. Navios Maritime Partners has a 12 month low of $30.66 and a 12 month high of $65.89. The firm’s 50-day moving average is $43.72 and its 200 day moving average is $50.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.13 and a quick ratio of 1.13.

Navios Maritime Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, February 10th. Navios Maritime Partners’s dividend payout ratio is presently 1.52%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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.