Navios Maritime Partners
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.
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 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.
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.
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.
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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