Navios Maritime Partners L.P.(NYSE:NMM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $49.665M. Analysts estimated a revenue of $46.280M. The revenues were 7.31% above the estimates. Earnings per share were $0.09. The reported EPS was above estimates by 800%. Analysts had estimated an EPS of $0.01.
Navios Maritime Partners L.P. (NMM) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -2.02% at a volume of 6,52,128. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.04. The peak price level was also seen at $2.04 while the days lowest was $1.9. Finally the shares closed at $1.94. The 52-week high of the shares is $2.94 while the 52-week low is $0.95. According to the latest information available, the market cap of the company is $162 M.
Navios Maritime Partners L.P. (Navios Partners) is an international owner and operator of dry bulk and container vessels formed by Navios Holdings which is a vertically integrated seaborne shipping company. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities including iron ore coal grain fertilizer and also containers chartering its vessels under medium to long-term charters. The operations of Navios Partners are managed by Navios ShipManagement Inc. which is a subsidiary of Navios Holdings (the Manager) from its offices in Piraeus Greece Singapore and Monaco. The Company’s vessels are chartered-out under medium to long-term time charters with an average remaining term of approximately three years to a group including Cosco Bulk Carrier Co. Ltd. Mitsui O.S.K. Lines Ltd. Exelon Corporation Rio Tinto Hyundai Merchant Marine Co. Ltd and Mediterranean Shipping Co. S.A.