General Report on Navios Maritime Partners LP (NYSE:NMM)

[Market Wired] Navios Maritime Partners LP (NYSE:NMM)(TREND ANALYSIS) an international owner and operator of drybulk and container vessels, today reported its financial results for the first quarter ended March 31, 2015.

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners stated, “I am pleased with our results for the quarter. We earned $38.0 million of EBITDA and $10.9 million of net income. We recently announced a quarterly distribution of $0.4425, representing an annual distribution of $1.77 per unit.  We remain committed to this annual distribution, at least through 2016, and we have maintained it even during difficult phases of the shipping cycle.  We are prepared to increase our distribution when the shipping market stabilizes and the market rewards us, as our current yield of 13.4% is more than two times the yield on the Alerian MLP.”

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NMM reported last quarter earnings on May 04. The Shipping & Ports company announced earnings per share of $0.13 against a consensus Street estimate of $0.18, missing estimate by $0.05. This corresponds to an increase of $0.03 compared to the same quarter of the previous fiscal year.

Navios Maritime Partners LP (NYSE:NMM) is currently trading 47.32% below its 52-week-high, 16.76% above its 52-week-low. The 1-year range for the stock is $9.25 – $20.5. Navios Maritime Partners LP (NMM) has a price to earnings ratio of 11.39 versus Services sec....

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