Navios Maritime Partners Azioni (NYSE: NMM)

Navios Maritime Partners (NYSE:NMM) Azioni

Navios Maritime Partners

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through the chartering of vessels and voyage contracts. Geographically, it generates majority revenue from Asia.

Navios Maritime Partners LP Common Units Representing Limited Partner Interests

Navios Maritime Partners LP

NMC HEALTH PLC ORD by NMC Health Plc.

NOMURA REAL ESTATE MAS FD by Nomura Real Estate Master Fd Inc.

Nomura Real Estate Master Fund Inc

Navios Maritime Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>) reported quarterly earnings of $1.58 per share which missed the analyst consensus estimate of $2.84 by 44.37 percent. This is a 31.9 percent decrease over earnings of $2.32 per share from the same period last year. The company reported quarterly sales of $304.11 million which missed the analyst consensus estimate of $306.00 million by 0.62 percent. This is a 4.53 percent decrease over sales of $318.56 million the same period last year.

Earnings

Earnings Misses

News

Navios Maritime Partners Q1 Adj. EPS $1.58 Misses $2.84 Estimate, Sales $304.11M Miss $306.00M Estimate

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Earnings Scheduled For May 7, 2025

Navios Maritime Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>) is gearing up to announce its quarterly earnings on Wednesday, 2025-05-07. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Navios Maritime Partners will report an earnings per share (EPS) of $2.84.
Investors in Navios Maritime Partners are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
Last quarter the company missed EPS by $0.46, which was followed by a 0.18% increase in the share price the next day.
Here's a look at Navios Maritime Partners's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>3.07</td>
<td>3.99</td>
<td>2.84</td>
<td>2</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.61</td>
<td>3.15</td>
<td>3.06</td>
<td>2.32</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1746551010_0.png" alt="eps graph" />
<h3>Market Performance of Navios Maritime Partners's Stock</h3>
Shares of Navios Maritime Partners were trading at $36.37 as of May 05. Over the last 52-week period, shares are down 21.95%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/NMM/earnings">To track all earnings releases for Navios Maritime Partners visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look Ahead: Navios Maritime Partners's Earnings Forecast

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Shares of shipping companies are trading higher. The Trump administration issued an executive order to create a maritime action plan.

Navios Maritime Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>) reported quarterly earnings of $3.11 per share. The company reported $332.50 million in sales this quarter. This is a 1.60 percent increase over sales of $327.25 million the same period last year.

Navios Maritime Partners Q4 2024 GAAP EPS $3.11, Sales $332.50M Up From $327.25M YoY

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Earnings Scheduled For February 13, 2025

<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="586" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16084402/60-40--1024x586.jpg" alt="" class="wp-image-4711" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16084402/60-40--1024x586.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16084402/60-40--300x172.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16084402/60-40--768x440.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16084402/60-40-.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">The End Of The 60/40 Portfolio&nbsp;</h2>
For years, a common investing approach was the 60/40 portfolio: 60% in stocks, and 40% in bonds. The idea behind it was simple: bonds were expected to outperform when stocks underperformed, and vice-versa. But as Tatiana Darie of Bloomberg pointed out yesterday (&#8220;<a href="https://www.zerohedge.com/markets/shifting-correlations-unleash-market-havoc" target="_blank" rel="noreferrer noopener nofollow">Shifting Correlations Unleash Market Havoc</a>&#8220;), that is no longer the case:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">Whether&nbsp;good&nbsp;or bad, shifting correlations are poised to wreak havoc on cross-asset strategies, and hedging assumptions will likely need to change. In the current environment, bonds are no longer proving to be a shield from stock losses.&nbsp;Jim Bianco&nbsp;of Bianco Research says the reason to hold bonds is changing, calling the days of the 60/40 portfolio&nbsp;"over."
It also means that trading might require a more creative and active approach that goes beyond traditional (and stale) assumptions.
</blockquote>
<h2 class="wp-block-heading">Moving Beyond Traditional (And Stale) Assumptions</h2>
As it happens, we developed an approach that moves beyond traditional assumptions. Specifically, it moves beyond the assumption that asset allocation is useful at all. The 60/40 portfolio, and other forms of asset allocation, deliberately put you in asset classes expected to perform badly. Why not put your money in assets you expect will do well? If you&#8217;re worried about downside risk, you can hedge with options. That&#8217;s essentially our approach, <a href="https://portfolioarmor.com/" target="_blank" rel="noreferrer noopener nofollow">The Hedged Portfolio Method</a>. 
<h2 class="wp-block-heading">The Hedged Portfolio Method&nbsp;</h2>
Here&#8217;s how our method works, in a nutshell:&nbsp;
<ol>
<li>Our system estimates 6-month returns for each security with options traded on it in the U.S. In addition to stocks, this universe of securities includes bond and commodity ETFs and even inverse ETFs. Our system is completely agnostic when it comes to asset class.&nbsp;</li>
<li>Next, our system finds optimal hedges for each security, and calculates their cost.&nbsp;</li>
<li>We subtract the hedging costs in 2. from the estimated returns in 1. and rank the securities by expected return, net of hedging cost.&nbsp;</li>
<li>The names that come to the top of the list in 3. are our top names. We buy and hedge a handful of them.&nbsp;</li>
</ol>
There are some additional steps, such as using a tightly collared &#8220;cash substitute&#8221; to minimize cash and boost returns, but that&#8217;s the gist of it.&nbsp;
<h2 class="wp-block-heading">Precisely Limiting Your Risk</h2>
One advantage of our approach is that you can precisely limit your risk. Don&#8217;t want to risk a decline of more than 17% over the next 6 months? Our system will hedge it so you don&#8217;t. Much different from putting 40% of your money in bonds and hoping for the best.&nbsp;
<h2 class="wp-block-heading">A Real World Example&nbsp;</h2>
Here&#8217;s a portfolio our system created for an investor in July of last year. This was for an investor unwilling to risk a decline of more than 20% over the next 6 months. This one included&nbsp;American Superconductor Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>),&nbsp;Abercrombie &amp; Fitch Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>),&nbsp;Constellation Energy Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>),&nbsp;Dell Technologies, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>),&nbsp;Navios Maritime Partners LP&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>),&nbsp;Natera, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>), and&nbsp;Powell Industries, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>).
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="776" height="717" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085209/1-Portfolio.jpg" alt="" class="wp-image-4712" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085209/1-Portfolio.jpg 776w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085209/1-Portfolio-300x277.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085209/1-Portfolio-768x710.jpg 768w" sizes="(max-width: 776px) 100vw, 776px" /></figure>
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="778" height="598" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085242/2-Portfolio.jpg" alt="" class="wp-image-4713" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085242/2-Portfolio.jpg 778w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085242/2-Portfolio-300x231.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085242/2-Portfolio-768x590.jpg 768w" sizes="(max-width: 778px) 100vw, 778px" /></figure>
Here is how that portfolio performed over the next six months:&nbsp;
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="800" height="623" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085327/Tracked-Portfolio-1.jpg" alt="" class="wp-image-4714" style="width:800px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085327/Tracked-Portfolio-1.jpg 800w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085327/Tracked-Portfolio-1-300x234.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085327/Tracked-Portfolio-1-768x598.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure>
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="800" height="319" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085411/Tracked-Portfolio-2.jpg" alt="" class="wp-image-4715" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085411/Tracked-Portfolio-2.jpg 800w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085411/Tracked-Portfolio-2-300x120.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085411/Tracked-Portfolio-2-768x306.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure>
You can find an interactive version of that chart&nbsp;<a href="https://portfolioarmor.com/front_tests/5837">here</a>. And you can see how hundreds of other hedged portfolios have done&nbsp;<a href="https://portfolioarmor.com/performance-tracking-portfolios">here</a>.&nbsp;
If you&#8217;d like to stay in touch
You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on <a href="https://portfolioarmor.com/" target="_blank" rel="noreferrer noopener nofollow">our website</a>. You can also follow Portfolio Armor on X <a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to <a href="https://portfolioarmor.substack.com/">our trading Substack</a> using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085726/Widget-5.jpg" alt="" class="wp-image-4716" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085726/Widget-5.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/16085726/Widget-5-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>

Personal Finance

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The End Of The 60/40 Portfolio

Navios Maritime Partners L.P.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>) shares are trading higher on Tuesday after the company&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41742169/navios-maritime-partners-l-p-reports-financial-results-for-the-third-quarter-and-nine-months-ended" rel="noreferrer noopener">reported&nbsp;third-quarter results</a>.
Revenue was&nbsp;$340.8&nbsp;million, missing the consensus of&nbsp;$377.0 million. The company&#8217;s revenue rose 5.4%, led by the higher Time Charter Equivalent (TCE) rate.
The TCE rate rose 7% to&nbsp;$23,591&nbsp;per day, and the available days of the fleet decreased by&nbsp;1.5%&nbsp;to 13,552&nbsp;days.
Earnings per unit was&nbsp;$3.20, missing <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">the consensus of&nbsp;$4.29</a>.
Adjusted EBITDA rose to&nbsp;$195.4 million from&nbsp;$173.7 million a year ago, mainly led by higher time charter and voyage revenues.
Operating cash flow for the quarter stood at&nbsp;$142.6&nbsp;million, compared to&nbsp;$120.3 million a year ago.
The company held&nbsp;$331.9 million in cash and equivalents as of the end of September. The company has&nbsp;$3.9&nbsp;billion contracted revenue as of October&nbsp;2024.
Navios Partners&#8217; board of directors declared a cash distribution of $0.05 per unit for the third quarter of 2024.
This distribution will be paid on Nov. 15, 2024, to unitholders recorded as of Nov. 12, 2024.
Angeliki Frangou, chairwoman and CEO of Navios Partners, said, &#8220;This past 18 months has been surprisingly positive&nbsp;for shipping given sputtering growth from China, weak European economies and two armed conflicts. The Ukrainian conflict, now in its third year, is evolving dangerously while the war in Israel, now in its second year, has expanded to Lebanon and includes the direct exchange of fire between Iran and Israel.&#8221;
&#8221;We are monitoring these intensifying risks and calibrating our business activity by continuing to maintain a youthful fleet, increasing contracted revenue, now at $3.9 billion, and targeting net leverage in the range of 20-25%, while also returning capital to our unitholders,&#8221; Frangou added. 
Navios Partners has secured&nbsp;80.7%&nbsp;and&nbsp;54.3%&nbsp;of its available days for the fourth quarter of 2024 and for all of 2025, respectively.
Navios Partners&nbsp;expects contracted revenue of&nbsp;$288.9&nbsp;million&nbsp;for the fourth quarter of 2024 and&nbsp;$870.8&nbsp;million&nbsp;for 2025. The average daily charter-out rate is projected at&nbsp;$26,052&nbsp;for the fourth quarter of 2024<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener"> and&nbsp;$27,921&nbsp;for 2025</a>.
NMM Price Action:&nbsp;Navios Maritime Partners shares are up 0.28% at $54.10 at publication Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/41748679" target="_blank" rel="noreferrer noopener">Emerson Electric Gains On&nbsp;Q4&nbsp;Earnings Beat And FY25 Growth Forecast: Eyes AspenTech Buyout</a></li>
</ul>
Photo: Generic ship photo via Shutterstock

Equities

Guidance

Small Cap

Global

Navios Partners Q3 Earnings: Cash Flow, EBITDA Climb; $3.9 Billion In Contracted Revenue Secured

Navios Maritime Partners Q3 2024 GAAP EPS $3.20 Misses $4.29 Estimate, Sales $340.800M Miss $377.047M Estimate

Navios Maritime Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>) will release its quarterly earnings report on Tuesday, 2024-11-05. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Navios Maritime Partners to report an earnings per share (EPS) of $4.12.
The announcement from Navios Maritime Partners is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company beat EPS by $0.22, leading to a 2.28% drop in the share price the following trading session.
Here's a look at Navios Maritime Partners's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.84</td>
<td>2</td>
<td>2.62</td>
<td>2.80</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>3.06</td>
<td>2.32</td>
<td>4.32</td>
<td>2.68</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-1.0%</td>
<td>5.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730754086_0.png" alt="eps graph" />
<h3>Market Performance of Navios Maritime Partners's Stock</h3>
Shares of Navios Maritime Partners were trading at $53.43 as of November 01. Over the last 52-week period, shares are up 143.53%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Navios Maritime Partners</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Navios Maritime Partners.
With 1 analyst ratings, Navios Maritime Partners has a consensus rating of Buy. The average one-year price target is $80.0, indicating a potential 49.73% upside.
<h3>Analyzing Ratings Among Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Costamare, Capital Clean Energy and Golden Ocean Group, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Costamare received a Neutral consensus from analysts, with an average 1-year price target of $13.0, implying a potential 75.67% downside.</li>
<li>Capital Clean Energy is maintaining an Outperform status according to analysts, with an average 1-year price target of $22.0, indicating a potential 58.82% downside.</li>
<li>Analysts currently favor an Neutral trajectory for Golden Ocean Group, with an average 1-year price target of $14.5, suggesting a potential 72.86% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
The peer analysis summary outlines pivotal metrics for Costamare, Capital Clean Energy and Golden Ocean Group, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Navios Maritime Partners</td>
<td>Buy</td>
<td>-1.38%</td>
<td>$141.61M</td>
<td>3.44%</td>
</tr>
<tr>
<td>Costamare</td>
<td>Neutral</td>
<td>40.28%</td>
<td>$150.68M</td>
<td>3.71%</td>
</tr>
<tr>
<td>Capital Clean Energy</td>
<td>Outperform</td>
<td>10.32%</td>
<td>$52.71M</td>
<td>2.78%</td>
</tr>
<tr>
<td>Golden Ocean Group</td>
<td>Neutral</td>
<td>17.20%</td>
<td>$91.01M</td>
<td>3.24%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Navios Maritime Partners ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit and Return on Equity.
<h3>About Navios Maritime Partners</h3>
Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts. Geographically, it generates majority revenue from Asia.
<h3>Navios Maritime Partners: Delving into Financials</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Navios Maritime Partners's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -1.38%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Navios Maritime Partners's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 29.06%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Navios Maritime Partners's ROE excels beyond industry benchmarks, reaching 3.44%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.88%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.43.
<a href="https://www.benzinga.com/quote/NMM/earnings">To track all earnings releases for Navios Maritime Partners visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Navios Maritime Partners

Investors with a lot of money to spend have taken a bullish stance on Navios Maritime Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NMM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Navios Maritime Partners.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 33%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $375,160, and 7 are calls, for a total amount of $930,925.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $90.0 for Navios Maritime Partners, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Navios Maritime Partners's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Navios Maritime Partners's significant trades, within a strike price range of $60.0 to $90.0, over the past month.
<h3>Navios Maritime Partners Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727452209_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$7.9</td>
<td>$5.2</td>
<td>$7.79</td>
<td>$80.00</td>
<td>$534.8K</td>
<td>2.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>NMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$29.6</td>
<td>$27.6</td>
<td>$27.5</td>
<td>$90.00</td>
<td>$275.0K</td>
<td>115</td>
<td>102</td>
</tr>
<tr>
<td>NMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$7.8</td>
<td>$7.7</td>
<td>$7.8</td>
<td>$80.00</td>
<td>$201.2K</td>
<td>2.7K</td>
<td>258</td>
</tr>
<tr>
<td>NMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.1</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$60.00</td>
<td>$100.0K</td>
<td>1.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>NMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$8.2</td>
<td>$8.1</td>
<td>$8.1</td>
<td>$80.00</td>
<td>$56.7K</td>
<td>2.7K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Navios Maritime Partners</h3>
Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts. Geographically, it generates majority revenue from Asia.
<h3>Where Is Navios Maritime Partners Standing Right Now?</h3>
<ul>
<li>With a trading volume of 126,846, the price of NMM is up by 2.29%, reaching $64.8.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 34 days from now.</li>
</ul>
<h3>Expert Opinions on Navios Maritime Partners</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $80.0.
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&#x2A; An analyst from Jefferies persists with their Buy rating on Navios Maritime Partners, maintaining a target price of $80. 
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Options

Markets

Navios Maritime Partners Unusual Options Activity

Jefferies analyst Randy Giveans maintains Navios Maritime Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>) with a Buy and raises the price target from $65 to $80.

Price Target

Analyst Ratings

Jefferies Maintains Buy on Navios Maritime Partners, Raises Price Target to $80

Navios Martime Partners shares are trading higher after the company reported better-than-expected Q2 financial results.

U.S. stocks were mixed, with the Dow Jones index falling around 0.1% on Tuesday.
Shares of Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) rose sharply in today's session as the company reported better-than-expected fourth-quarter financial results and issued <a href="https://www.benzinga.com/news/earnings/24/08/40459483/fabrinet-analysts-boost-their-forecasts-after-upbeat-earnings">strong guidance on Monday.</a>
Fabrinet reported quarterly earnings of $2.41 per share, which beat the analyst consensus estimate of $2.24 per share. Quarterly sales clocked in at $753.261 million, which beat the analyst consensus estimate.
Fabrinet expects first-quarter revenue to be in the range of $760 million to $780 million and earnings to be in the range of $2.33 to $2.40 per share.
Fabrinet shares jumped 18.2% to $273.76 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Bit Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) shares jumped 19.7% to $3.5702 after the company reported better-than-expected second-quarter sales results. Also, the company announced a binding term sheet with Boosteroid.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) gained 16.3% to $12.87. NANO Nuclear Energy announced the purchase of 14,000 sq. ft. facility for $1.71 million.</li>
<li>Tempus AI, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) climbed 15.7% to $66.65 following last week&#8217;s expanded collaboration and investment in Personalis.</li>
<li>Amer Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) gained 12.2% to $13.87 after the company reported better-than-expected second-quarter financial results and raised FY24 earnings outlook.</li>
<li>Acelyrin, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRN#NASDAQ">SLRN</a>) gained 11.9% to $4.89.</li>
<li>Hawaiian Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) rose 11.4% to $17.69 following a report suggesting that the period for the Department of Justice to complete its regulatory investigation of the merger proposal with Alaska Airlines has expired. The two companies are now one step closer to completing the deal and will now require approval from the U.S. Department of Transportation.</li>
<li>Navios Maritime Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>) gained 10% to $52.10 following upbeat quarterly earnings.</li>
<li>ZKH Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NYSE">ZKH</a>) gained 9.2% to $3.93. ZKH Group will release its unaudited financial results for the second quarter on Thursday, Aug. 22.</li>
<li>Redfin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) shares climbed 9.2% to $9.61.</li>
<li>ARS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRY#NASDAQ">SPRY</a>) rose 9% to $15.52. Cantor Fitzgerald analyst Josh Schimmer initiated coverage on ARS Pharmaceuticals with an Overweight rating and announced a price target of $30.</li>
<li>Palo Alto Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NYSE">PANW</a>) gained 6.7% to $366.34 following better-than-expected fourth-quarter financial results, issued strong guidance and authorized an additional $500 million for repurchase. Multiple analysts raised their price targets on the stock following the report.</li>
<li>Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) rose 6.1% to $56.04.</li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) gained 4.7% to $965.10. On Tuesday, Eli Lilly released topline results from the SURMOUNT-1 three-year study (176-week treatment period) evaluating tirzepatide once weekly for long-term weight management and delay in progression to diabetes in adults with pre-diabetes and obesity or overweight.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40461302/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter">Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>

Intraday Update

Movers

Trading Ideas

BTBT

LITE

PANW

RDFN

SLRN

SPRY

Fabrinet Posts Strong Earnings, Joins Amer Sports, Hawaiian Holdings And Other Big Stocks Moving Higher On Tuesday

Navios Maritime Partners L.P.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>) shares are trading higher Tuesday after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40458459/navios-maritime-partners-l-p-reports-financial-results-for-the-second-quarter-and-six-months-ended" rel="noreferrer noopener">reported&nbsp;second-quarter&nbsp;results</a>.
Revenue fell 1.4% Y/Y to $342.2 million, beating the consensus of $332.3 million. The company attributed the decline in revenue to a decrease in the available days of the fleet and the decrease in the Time Charter Equivalent (TCE) rate.
The TCE rate declined by 2.2% Y/Y to $23,384 per day, and the available days of the fleet decreased by 0.5% to 13,498 days. Adjusted earnings per unit was $3.06, beating <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">the consensus of $3.04</a>.
Adjusted EBITDA dipped to&nbsp;$189.8 million&nbsp;from&nbsp;$191.5 million&nbsp;a year ago, mainly owing to a fall in time charter and voyage revenues and an increase in vessel operating expenses.
Operating cash flow for the quarter stood at $131.5 million, compared to $133.8 million a year ago. The company held $318.4 million in cash and equivalents as of June-end. The company has $3.7 billion contracted revenue as of August 2024.
In July 2024, Navios Partners agreed to sell three vessels for $64.6 million, with the sales expected to close in the second half of the year. Navios Partners owns and operates a fleet comprised of 75 dry bulk vessels, 48 containerships and 56 tankers.
Buyback &amp; Dividend: Through August 12, 2024, pursuant to its previously announced repurchase program, the company repurchased 197,148 units for $9.7 million.
Including dividends, Navios Partners has returned $12.8 million to unitholders in 2024, with $90 million still available under the program.
Navios Partners has secured 73.5% and 45.7% of its available days for the last six months of 2024 and all of 2025, respectively.
Navios Partners expects contracted revenue of $537.6 million <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">for H2 2024 and $759.2 million for 2025</a>. The average daily charter-out rate is projected at $26,245 for H2 2024 and $28,509 for 2025.
Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners, said, &#8220;We are continuing to invest in our business by purchasing attractive assets. With substantial improvement in net&nbsp;LTV since the end of 2023, we have also been repurchasing units under our $100 million common unit repurchase program.&#8221;
Price Action: NMM shares are up 10.9% at $52.52 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Dividends

Buybacks

Why Navios Maritime Partners Shares Are Surging Tuesday

Navios Maritime Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMM#NYSE">NMM</a>) reported quarterly earnings of $3.06 per share which beat the analyst consensus estimate of $3.04 by 0.66 percent. The company reported quarterly sales of $342.155 million which beat the analyst consensus estimate of $332.274 million by 2.97 percent. This is a 1.38 percent decrease over sales of $346.938 million the same period last year.

Earnings Beats

Navios Maritime Partners Q2 2024 Adj. EPS $3.06 Beats $3.04 Estimate, Sales $342.155M Beat $332.274M Estimate

Navios Maritime (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nmm#NYSE">NMM</a>) is scheduled to release second-quarter 2024 earnings results on Aug 20, before market opens.
The shipping company&#39;s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters. The average beat is 25.4%.
<div class="chart_embed">
<h3>Navios Maritime Partners LP Price and EPS Surprise</h3>
<img alt="Navios Maritime Partners LP Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/1d/1724055249.png" style="height:266px; width:538px" title="" />
Navios Maritime Partners LP price-eps-surprise | Navios Maritime Partners LP Quote
The Zacks Consensus Estimate for the to-be-reported quarter&#39;s earnings is pegged at $2.90 per share. The earnings estimate for the to-be-reported quarter has declined 11.8% in the past 60 days. The bottom-line projection indicates a year-over-year contraction of 12.7%. The Zacks Consensus Estimate for quarterly revenues, currently pegged at $317.6 million, indicates a year-over-year decrease of 8.5%.
</div>
Against this backdrop, let&#39;s delve into the factors that might have impacted Navios Maritime&#39;s June-quarter performance.
We expect vessel operating expenses to have been high in the to-be-reported quarter. Time charter and voyage expenses are also expected to have been high. High costs are likely to have dented NMM&#39;s bottom-line performance. Supply-chain disruptions are anticipated to have dampened this shipping company&#39;s results.
However, continued fleet expansion initiatives are likely to have driven the company&#39;s performance. Time charter and voyage revenues are likely to have been impressive in the June quarter, primarily driven by revenues from freight voyages.
<h3>Earnings Whispers</h3>
Our proven model does not conclusively predict an earnings beat for Navios Maritime this time around. The combination of a positive&nbsp;Earnings ESP&nbsp;and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Earnings ESP: NMM has an Earnings ESP of 0.00% at present.
Zacks Rank: NMM carries a Zacks Rank of 3, currently.
<h3>Performances of Other Transportation Companies</h3>
Delta Air Lines&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) reported second-quarter 2024 earnings (excluding 35 cents from non-recurring items) of $2.36 per share, which marginally missed the Zacks Consensus Estimate of $2.37. Earnings decreased 11.9% on a year-over-year basis. Apart from high costs, the carrier blamed the discounting pressure at the low end of the market, which hurt its pricing power, for the disappointing performance.
Revenues of $16.65 billion surpassed the Zacks Consensus Estimate of $16.25 billion and increased 6.9% year over year, driven by upbeat air travel demand. Adjusted operating revenues (excluding third-party refinery sales) came in at $15.41 billion, up 5.4% year over year.
J.B. Hunt Transport Services&#39;&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) earnings of $1.32 per share missed the Zacks Consensus Estimate of $1.51 and declined 27% year over year.
JBHT&#39;s total operating revenues of $2.93 billion missed the Zacks Consensus Estimate of $3.03 billion and fell 7% year over year. Total operating revenues, excluding fuel surcharge revenues, fell 6% year over year. The downfall was owing to a 5% decrease in gross revenue per load in Intermodal and a decline in load volume of 25% in Integrated Capacity Solutions, 9% in Truckload and 9% in Dedicated Contract Services.
United Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) reported second-quarter 2024 earnings per share (excluding 18 cents from non-recurring items) of $4.14, which surpassed the Zacks Consensus Estimate of $3.97. Earnings decreased 17.7% on a year-over-year basis.
Operating revenues of $14.98 billion missed the Zacks Consensus Estimate of $15.13 billion. The top line increased 5.7% year over year attributed to upbeat air-travel demand. This was driven by a 5.2% rise in passenger revenues (which accounted for 91.2% of the top line) to $13.680 billion. Almost 44,375 passengers traveled on UAL flights in the second quarter, up 5.8% year over year.
<a href="https://www.zacks.com/stock/news/2323590/navios-maritime-nmm-to-report-q2-earnings-what-s-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2323590">To read this article on Zacks.com click here.</a>

Large Cap

JBHT

Navios Maritime to Report Q2 Earnings: What's in Store?

Investors in Navios Maritime Partners L.P. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nmm#NYSE">NMM</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $15.00 Call had some of the highest implied volatility of all equity options today.
<h3>What is Implied Volatility?</h3>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h3>What do the Analysts Think?</h3>
Clearly, options traders are pricing in a big move for Navios Maritime Partners shares, but what is the fundamental picture for the company? Currently, Navios Maritime Partners is a Zacks Rank #3 (Hold) in the Transportation - Shipping industry that ranks in the Bottom 29% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $3.29 per share to $2.90 in that period.
Given the way analysts feel about Navios Maritime Partners right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2320172/implied-volatility-surging-for-navios-maritime-partners-nmm-stock-options?cid=CS-BENZ-FT-tale_of_the_tape|options-2320172">To read this article on Zacks.com click here.</a>

Implied Volatility Surging for Navios Maritime Partners Stock Options

Navios Maritime Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nmm#NYSE">NMM</a>) has recently been on Zacks.com&#39;s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock&#39;s performance in the near future.
Shares of this company have returned -6.8% over the past month versus the Zacks S&amp;P 500 composite&#39;s -1.2% change. The Zacks Transportation - Shipping industry, to which Navios Maritime Partners belongs, has gained 2.7% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company&#39;s future earnings over anything else. That&#39;s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Navios Maritime Partners is expected to post earnings of $3.29 per share, indicating a change of -0.9% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $14.69 points to a change of +18% from the prior year. Over the last 30 days, this estimate has changed -3.4%.
For the next fiscal year, the consensus earnings estimate of $19.13 indicates a change of +30.2% from what Navios Maritime Partners is expected to report a year ago. Over the past month, the estimate has changed +1.8%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock&#39;s near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Navios Maritime Partners.
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
12 Month EPS
<img alt="12-month consensus EPS estimate for NMM _12MonthEPSChartUrl" class="chart" src="https://chart-service.zacks.com/images/weekly/yesop_12_month_eps/NMM.png" style="height:auto; width:100%" title="" />
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company&#39;s financial health, nothing happens as such if a business isn&#39;t able to grow its revenues. After all, it&#39;s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it&#39;s important to know a company&#39;s potential revenue growth.
In the case of Navios Maritime Partners, the consensus sales estimate of $317.55 million for the current quarter points to a year-over-year change of -8.5%. The $1.34 billion and $1.47 billion estimates for the current and next fiscal years indicate changes of +2.2% and +10.3%, respectively.
Last Reported Results and Surprise History
Navios Maritime Partners reported revenues of $318.56 million in the last reported quarter, representing a year-over-year change of +2.9%. EPS of $2.32 for the same period compares with $2.13 a year ago.
Compared to the Zacks Consensus Estimate of $287.19 million, the reported revenues represent a surprise of +10.92%. The EPS surprise was +13.17%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock&#39;s valuation. Whether a stock&#39;s current price rightly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Navios Maritime Partners is graded A on this front, indicating that it is trading at a discount to its peers.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about Navios Maritime Partners. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2309807/is-trending-stock-navios-maritime-partners-lp-nmm-a-buy-now?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_v1-2309807">To read this article on Zacks.com click here.</a>

Rumors

Is Trending Stock Navios Maritime Partners LP a Buy Now?

Investors generally tend to cling to the price-to-earnings (P/E) metric while looking for bargain stocks. In addition to being a widely used tool for screening stocks, P/E is also a popular metric to work out the fair market value of a company. But even this ubiquitously used valuation multiple has a few limitations. 
Although P/E is by far the most popular equity valuation ratio, a more complicated metric called EV/EBITDA does a better job of valuing a firm. Often viewed as a better substitute to P/E, this ratio offers a clearer picture of a company&#39;s valuation and its earnings potential. 
Navios Maritime Partners L.P. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nmm#NYSE">NMM</a>), Costamare Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmre#NYSE">CMRE</a>), The ODP Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/odp#NASDAQ">ODP</a>), ADT Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adt#NYSE">ADT</a>) and Portland General Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/por#NYSE">POR</a>) are some stocks with impressive EV-to-EBITDA ratios.
<h3>Is EV-to-EBITDA a Better Substitute to P/E?</h3>
EV-to-EBITDA is essentially the enterprise value of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company&#39;s market capitalization, its debt and preferred stock minus cash and cash equivalents. 
EBITDA, the other component of the multiple, gives a better idea of a company&#39;s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows. 
Just like P/E, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued. 
EV-to-EBITDA takes into account the debt on a company&#39;s balance sheet that the P/E ratio does not. Due to this reason, EV-to-EBITDA is generally used to value the potential acquisition targets as it shows the amount of debt the acquirer has to assume. Stocks boasting a low EV-to-EBITDA multiple could be seen as attractive takeover candidates. 
Another shortcoming of P/E is that it can&#39;t be used to value a loss-making firm. A company&#39;s earnings are also subject to accounting estimates and management manipulation. On the other hand, EV-to-EBITDA is difficult to manipulate and can also be used to value loss-making but EBITDA-positive companies. 
EV-to-EBITDA is also a useful tool in measuring the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt. 
However, EV-to-EBITDA is not devoid of shortcomings and alone cannot conclusively determine a stock&#39;s inherent potential and future performance. The multiple varies across industries and is usually not appropriate while comparing stocks in different industries, given their diverse capital expenditure requirements. 
A strategy solely based on EV-to-EBITDA might not yield the desired results. However, you can club it with the other major ratios in your stock-investing toolbox, such as price-to-book (P/B), P/E and price-to-sales (P/S) to screen value stocks.
<h3>Screening Criteria</h3>
Here are the parameters to screen for value stocks: 
EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median: A lower EV-to-EBITDA ratio represents a cheaper valuation. 
P/E using (F1) less than X-Industry Median: This metric screens stocks that are trading at a discount to their peers. 
P/B less than X-Industry Median: A lower P/B compared with the industry average implies that the stock is undervalued. 
P/S less than X-Industry Median: The lower the P/S ratio, the more attractive the stock is, as investors will have to pay a smaller price for the same amount of sales generated by the company. 
Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median: This parameter will help in screening stocks that have growth rates higher than the industry median. 
Average 20-day Volume greater than or equal to 100,000: The addition of this metric ensures that shares can be traded easily. 
Current Price greater than or equal to $5: This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. 
Zacks Rank less than or equal to 2: It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. 
Value Score of less than or equal to B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential. 
Here are our five picks out of the 10 stocks that passed the screen: 
Navios Maritime Partners is an international owner and operator of dry cargo vessels. This Zacks Rank #1 stock has a Value Score of A. 
Navios Maritime Partners has an expected earnings growth rate of 22.1% for 2024. The Zacks Consensus Estimate for NMM&#39;s 2024 earnings has been revised 5.3% upward over the past 60 days. 
Costamare is a leading owner and provider of containerships and dry bulk vessels for charter. CMRE, a Zacks Rank #1 stock, has a Value Score of A. 
Costamare has an expected year-over-year earnings growth rate of 48.8% for 2024. The consensus estimate for CMRE&#39;s 2024 earnings has been revised 12% upward over the past 60 days.
ODP is one of the leading providers of business services and supplies, products and technology solutions to small, medium and enterprise businesses. This Zacks Rank #1 stock has a Value Score of A. 
ODP has an expected year-over-year earnings growth rate of 7.7% for 2024. The Zacks Consensus Estimate for the company&#39;s 2024 earnings has been revised 5.6% upward over the past 60 days. 
ADT provides security and automation solutions for homes and businesses, primarily in the United States and Canada. This Zacks Rank #2 stock has a Value Score of A. 
ADT has an expected year-over-year earnings growth rate of 37.3% for 2024. The Zacks Consensus Estimate for ADT&#39;s 2024 earnings has been stable over the last 60 days. 
Portland General Electric is a vertically integrated electric utility that is engaged in the generation, wholesale purchase and sale, transmission, distribution and retail sale of electricity to customers in Oregon. This Zacks Rank #2 stock has a Value Score of B. 
Portland General Electric has an expected earnings growth rate of 29.8% for 2024. The Zacks Consensus Estimate for POR&#39;s 2024 earnings has been revised 0.7% upward over the past 60 days. 
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. 
<a href="https://www.zacks.com/stock/news/2292700/5-value-stocks-with-exciting-ev-to-ebitda-ratios-to-snap-up?cid=CS-BENZ-FT-analyst_blog|rw-2292700">To read this article on Zacks.com click here.</a>

5 Value Stocks With Exciting EV-to-EBITDA Ratios to Snap Up

Press Releases

Navios Maritime Partners L.P. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2024

Industry Leaders Presenting at Capital Link's 19th Annual International Shipping Forum - Monday March 31, 2025, New York City

Gas & Tankers Shipping Industry Leaders Presenting at Capital Link's 19th Annual International Shipping Forum - Monday, March 31, 2025, New York City

REMINDER: Gas & Tankers Shipping Industry Leaders Presenting at Capital Link's 19th Annual International Shipping Forum - Monday, March 31, 2025, New York City

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