Navios Maritime Partners (NYSE:NMM) Posts Earnings Results, Beats Expectations By $0.27 EPS

Navios Maritime Partners (NYSE:NMMGet Free Report) announced its earnings results on Tuesday. The shipping company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.27, reports. The company had revenue of $318.60 million for the quarter, compared to analysts’ expectations of $283.59 million. Navios Maritime Partners had a net margin of 33.18% and a return on equity of 14.74%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 EPS.

Navios Maritime Partners Price Performance

Shares of Navios Maritime Partners stock traded down $0.72 on Wednesday, hitting $44.75. 68,254 shares of the company were exchanged, compared to its average volume of 157,711. Navios Maritime Partners has a 1-year low of $19.23 and a 1-year high of $48.88. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 3.23 and a beta of 1.96. The company has a 50-day moving average price of $43.13 and a 200 day moving average price of $33.00.

Navios Maritime Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Friday, May 10th were issued a $0.05 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.45%. Navios Maritime Partners’s payout ratio is 1.42%.

About Navios Maritime Partners

(Get Free Report)

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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Earnings History for Navios Maritime Partners (NYSE:NMM)

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