$20.23 Million in Sales Expected for Navios Maritime Midstream (NAP) This Quarter

Equities analysts forecast that Navios Maritime Midstream (NYSE:NAP) will report sales of $20.23 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Navios Maritime Midstream’s earnings, with the lowest sales estimate coming in at $19.45 million and the highest estimate coming in at $21.00 million. Navios Maritime Midstream posted sales of $21.10 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4.1%. The firm is expected to issue its next earnings results on Thursday, April 26th.

On average, analysts expect that Navios Maritime Midstream will report full year sales of $79.73 million for the current year, with estimates ranging from $72.96 million to $86.50 million. For the next fiscal year, analysts anticipate that the business will report sales of $76.09 million per share, with estimates ranging from $63.18 million to $89.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Navios Maritime Midstream.

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Navios Maritime Midstream (NYSE:NAP) last released its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $22.70 million during the quarter, compared to analysts’ expectations of $21.32 million. Navios Maritime Midstream had a net margin of 14.73% and a return on equity of 4.64%.

A number of research firms have recently issued reports on NAP. JPMorgan Chase raised shares of Navios Maritime Midstream from an “underweight” rating to an “overweight” rating in a research note on Friday. Zacks Investment Research downgraded shares of Navios Maritime Midstream from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. Citigroup cut their target price on shares of Navios Maritime Midstream from $8.50 to $6.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 27th. TheStreet downgraded shares of Navios Maritime Midstream from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. Finally, ValuEngine downgraded shares of Navios Maritime Midstream from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.17.

An institutional investor recently raised its position in Navios Maritime Midstream stock. Virtu Financial LLC increased its holdings in shares of Navios Maritime Midstream (NYSE:NAP) by 139.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,693 shares of the shipping company’s stock after buying an additional 20,183 shares during the period. Virtu Financial LLC owned about 0.16% of Navios Maritime Midstream worth $330,000 at the end of the most recent quarter. 9.33% of the stock is currently owned by institutional investors.

Shares of Navios Maritime Midstream stock traded up $0.43 on Friday, reaching $4.25. The company had a trading volume of 2,298,244 shares, compared to its average volume of 478,914. The company has a market capitalization of $81.64, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. Navios Maritime Midstream has a 52-week low of $3.26 and a 52-week high of $12.24. The company has a debt-to-equity ratio of 0.77, a quick ratio of 12.59 and a current ratio of 12.59.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Wednesday, May 9th will be paid a dividend of $0.50 per share. This is an increase from Navios Maritime Midstream’s previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a yield of 47.06%. The ex-dividend date of this dividend is Tuesday, May 8th. Navios Maritime Midstream’s dividend payout ratio is presently 241.43%.

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Navios Maritime Midstream Company Profile

Navios Maritime Midstream Partners L.P. owns, operates, and acquires crude oil tankers, refined petroleum product tankers, chemical tankers, and liquefied petroleum gas tankers. The company provides seaborne shipping services through its vessels under long-term employment contracts to international oil companies, refiners, and large vessel operators.

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