Navios Maritime Partners (NYSE:NMM - Get Free Report) announced its earnings results on Thursday. The shipping company reported $2.61 EPS for the quarter, missing analysts' consensus estimates of $4.54 by ($1.93), Zacks reports. The firm had revenue of $302.99 million during 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 Stock Up 0.2 %
Shares of NMM traded up $0.11 during mid-day trading on Monday, hitting $44.03. 162,158 shares of the company traded hands, compared to its average volume of 138,029. Navios Maritime Partners has a 1-year low of $30.66 and a 1-year high of $65.89. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.32 billion, a PE ratio of 3.34 and a beta of 1.93. The business has a 50 day moving average of $43.72 and a 200 day moving average of $50.12.
Navios Maritime Partners Dividend Announcement
The business also recently disclosed 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. The ex-dividend date was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. Navios Maritime Partners's dividend payout ratio (DPR) is currently 1.52%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Navios Maritime Partners from a "hold" rating to a "buy" rating in a report on Thursday.
Check Out Our Latest Stock Analysis on NMM
About Navios Maritime Partners
(
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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.
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