Navios Maritime Partners
The 10-second takeaway
For the quarter ended June 30 (Q2), Navios Maritime Partners beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. GAAP earnings per share stayed the same.
Gross margins grew, operating margins shrank, net margins increased.
Navios Maritime Partners chalked up revenue of $49.2 million. The seven analysts polled by S&P Capital IQ anticipated revenue of $47.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 seven earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS of $0.29 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 92.6%, 60 basis points better than the prior-year quarter. Operating margin was 28.2%, much worse than the prior-year quarter. Net margin was 39.7%, 570 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $45.4 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $188.1 million. The average EPS estimate is $0.83.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 236 members out of 248 rating the stock outperform, and 12 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Navios Maritime Partners a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Navios Maritime Partners is hold, with an average price target of $15.10.
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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 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 position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.