Golf Clap for Navios Maritime Partners

Navios Maritime Partners (NYSE: NMM  ) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Navios Maritime Partners met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased.

Gross margins dropped, operating margins contracted, net margins improved.

Revenue details
Navios Maritime Partners notched revenue of $49.1 million. The six analysts polled by S&P Capital IQ expected revenue of $48.9 million on the same basis. GAAP reported sales were 7.5% higher than the prior-year quarter's $45.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.29. The six earnings estimates compiled by S&P Capital IQ anticipated $0.29 per share. GAAP EPS of $0.27 for Q2 were 13% higher than the prior-year quarter's $0.24 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 92.0%, 90 basis points worse than the prior-year quarter. Operating margin was 39.2%, 260 basis points worse than the prior-year quarter. Net margin was 34.0%, 440 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $49.8 million. On the bottom line, the average EPS estimate is $0.28.

Next year's average estimate for revenue is $196.7 million. The average EPS estimate is $1.16.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 198 members out of 210 rating the stock outperform, and 12 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Navios Maritime Partners a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Navios Maritime Partners is outperform, with an average price target of $17.95.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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  • Report this Comment On July 30, 2012, at 12:34 AM, dachman wrote:

    You guys have been about as negative as can be about NMM glad I stuck to my guns and did,t listen to you. Oh and by the way they hiked the dividend too : )

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