Brokerages expect Navios Maritime Midstream Partners LP (NYSE:NAP) to post $20.78 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Navios Maritime Midstream Partners’ earnings. The highest sales estimate is $21.00 million and the lowest is $20.56 million. Navios Maritime Midstream Partners reported sales of $21.10 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The firm is scheduled to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that Navios Maritime Midstream Partners will report full year sales of $20.78 million for the current year, with estimates ranging from $84.28 million to $86.50 million. For the next year, analysts expect that the firm will report sales of $76.46 million per share, with estimates ranging from $63.92 million to $89.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Navios Maritime Midstream Partners.
Navios Maritime Midstream Partners (NYSE:NAP) last issued its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Navios Maritime Midstream Partners had a net margin of 14.73% and a return on equity of 4.64%. The business had revenue of $22.70 million during the quarter, compared to analyst estimates of $21.32 million.
A number of research analysts have recently commented on NAP shares. ValuEngine downgraded shares of Navios Maritime Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet raised shares of Navios Maritime Midstream Partners from a “c+” rating to a “b-” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in shares of Navios Maritime Midstream Partners in the 4th quarter valued at about $213,000. Virtu Financial LLC grew its position in shares of Navios Maritime Midstream Partners by 139.1% in the 4th quarter. Virtu Financial LLC now owns 34,693 shares of the shipping company’s stock valued at $330,000 after acquiring an additional 20,183 shares during the period. Finally, CS Mckee LP grew its position in shares of Navios Maritime Midstream Partners by 33.0% in the 3rd quarter. CS Mckee LP now owns 64,900 shares of the shipping company’s stock valued at $484,000 after acquiring an additional 16,100 shares during the period. 9.33% of the stock is owned by institutional investors.
Shares of Navios Maritime Midstream Partners (NYSE NAP) traded down $0.09 during mid-day trading on Friday, reaching $9.18. 27,434 shares of the company’s stock traded hands, compared to its average volume of 111,409. The company has a quick ratio of 12.24, a current ratio of 12.59 and a debt-to-equity ratio of 0.77. Navios Maritime Midstream Partners has a 12-month low of $6.55 and a 12-month high of $12.24. The firm has a market cap of $196.56, a price-to-earnings ratio of 13.14, a P/E/G ratio of 2.86 and a beta of 0.68.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Friday, February 9th were given a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 18.41%. The ex-dividend date was Thursday, February 8th. Navios Maritime Midstream Partners’s dividend payout ratio (DPR) is presently 241.43%.
About Navios Maritime Midstream Partners
Navios Maritime Midstream Partners L.P. (Navios Midstream) is a holding company. The Company’s principal activity is to own, operate and acquire crude oil tankers under long-term employment contracts, as well as refined petroleum product tankers, chemical tankers, and liquefied petroleum gas (LPG) tankers under long-term employment contracts.
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