Navios Maritime Partners LP (NMM) Sees Strong Trading Volume Following Earnings Beat

Cornelia Mascio
Febbraio 17, 2017

On average, analysts predict that Navios Maritime Holdings Inc. will post ($0.94) earnings per share for the current year. Jefferies Group also issued estimates for Navios Maritime Partners' Q2 2017 earnings at ($0.03) EPS and FY2018 earnings at ($0.09) EPS. The company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.01 by $0.08. The company had revenue of $113.10 million for the quarter, compared to analysts expectations of $105.69 million. Navios Maritime Holdings had a negative return on equity of 8.83% and a negative net margin of 31.91%. During the same period in the previous year, the company earned $0.09 earnings per share.

Navios Maritime Holdings (NYSE:NM) last released its quarterly earnings results on Tuesday, November 22nd. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of worldwide copyright and trademark legislation. "(NM) Bond Prices Rise 2%" was originally published by BBNS and is the property of of BBNS. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Zacks Investment Research downgraded shares of Navios Maritime Partners from a "buy" rating to a "hold" rating in a research note on Friday, February 3rd. The stock now has a consensus rating of "Hold" and a consensus price target of $1.71.

Thursdays trading session turned out to be a no-profit no-loss event for Navios Maritime Holdings Inc. The stock has a market cap of $278.58 million, a price-to-earnings ratio of 4.62 and a beta of 1.50. The company's 50 day moving average is $11.20 and its 200-day moving average is $11.31. The 52-week high of the stock is $2.4 and the 52-week low is $0.57.

A number of institutional investors have recently bought and sold shares of NMM. Two Sigma Investments LP increased its stake in shares of Navios Maritime Partners by 98.8% in the fourth quarter. Renaissance Technologies LLC acquired a new position in Navios Maritime Partners during the fourth quarter valued at approximately $109,000. JPMorgan Chase & Co. increased its position in Navios Maritime Partners by 29.6% in the third quarter. JPMorgan Chase & Co. now owns 559,225 shares of the company's stock valued at $777,000 after buying an additional 127,684 shares during the last quarter. Sanders Morris Harris Inc. increased its stake in shares of Navios Maritime Partners by 2.2% in the third quarter. Advisory Research Inc. now owns 1,619,000 shares of the company's stock worth $19,055,000 after buying an additional 17,000 shares during the period.

"Navios Maritime Acquisition Corporation (NNA) Announces $0.05 Quarterly Dividend" was reported by Community Financial News and is owned by of Community Financial News. Stifel Financial Corp now owns 265,627 shares of the company's stock valued at $344,000 after buying an additional 6,448 shares during the last quarter.

Navios Maritime Midstream Partners L.P.is a holding company.

Navios Maritime Holdings Inc.is a seaborne shipping and logistics company engaged in the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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