Navios Maritime Partners LP (NYSE: NMM) has reported earnings for its third fiscal quarter (ending September 30) of $2.92 versus $8.36 for the same period a year ago — a decline of -65%. Relative to the consensus estimate of $2.81, this was a premium of $0.11. For the latest four quarters through September 30, E.P.S. were $13.62 compared to $18.87 a year ago — a decline of -28%.
Recent Price Action
Navios Maritime Partners LP (NYSE: NMM) stock rose slightly by 0.04% on 11/2/23. The stock closed at $22.30. The stock has performed in line with the market over the last nine months and has declined -1.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NMM is expected to continue to be a Value Builder.
Navios Maritime Partners has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Navios Maritime Partners has a very high Appreciation Score of 98 but a neutral Power Rating of 44, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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