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.
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%.
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%.
TRADEMARK VIOLATION WARNING: This article was first reported by Week Herald and is the property of of Week Herald. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://weekherald.com/2018/04/22/20-23-million-in-sales-expected-for-navios-maritime-midstream-nap-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Navios Maritime Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Midstream and related companies with MarketBeat.com's FREE daily email newsletter.