Navios Maritime Partners (NMM) to Release Earnings on Tuesday

Navios Maritime Partners (NYSE:NMM) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, August 20th. Analysts expect Navios Maritime Partners to post earnings of $2.90 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Navios Maritime Partners Trading Down 1.1 %

Shares of NMM stock opened at $45.86 on Monday. The stock has a market capitalization of $1.38 billion, a PE ratio of 3.46 and a beta of 1.95. Navios Maritime Partners has a 1-year low of $20.92 and a 1-year high of $53.83. The business has a 50-day moving average of $48.72 and a 200 day moving average of $43.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.89 and a quick ratio of 0.89.

Navios Maritime Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Friday, August 9th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.44%. The ex-dividend date was Friday, August 9th. Navios Maritime Partners’s dividend payout ratio is presently 1.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Navios Maritime Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th.

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.