Navios Maritime Partners L.P (NYSE: NMM) shares currently have a dividend yield of 12.60%. Navios Maritime Partners L.P. engages in the ownership and operation of dry cargo vessels primarily in Europe, Asia, North America, and Australia. The company has a P/E ratio of 8.74. Currently there are 2 analysts that rate Navios Maritime Partners L.P a buy, 1 analyst rates it a sell, and 3 rate it a hold. The average volume for Navios Maritime Partners L.P has been 514,000 shares per day over the past 30 days. Navios Maritime Partners L.P has a market cap of $845.7 million and is part of the transportation industry. Shares are up 14.4% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Navios Maritime Partners L.P as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 7.1%. Since the same quarter one year prior, revenues slightly increased by 4.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The current debt-to-equity ratio, 0.48, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.15, which illustrates the ability to avoid short-term cash problems.
- NAVIOS MARITIME PARTNERS LP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, NAVIOS MARITIME PARTNERS LP increased its bottom line by earning $1.64 versus $1.19 in the prior year. For the next year, the market is expecting a contraction of 47.0% in earnings ($0.87 versus $1.64).
- NMM has underperformed the S&P 500 Index, declining 11.57% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
- You can view the full Navios Maritime Partners L.P Ratings Report.
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