Navios Maritime Midstream Partners LP (NYSE:NAP) Expected to Announce Earnings of $0.23 Per Share

Wall Street analysts expect Navios Maritime Midstream Partners LP (NYSE:NAP) to announce $0.23 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Navios Maritime Midstream Partners’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.22. Navios Maritime Midstream Partners reported earnings per share of $0.28 during the same quarter last year, which would suggest a negative year-over-year growth rate of 17.9%. The company is expected to announce its next quarterly earnings report on Thursday, July 27th.

Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Navios Maritime Midstream Partners.

Navios Maritime Midstream Partners (NYSE:NAP) last announced its earnings results on Thursday, April 27th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.03. The company had revenue of $21.10 million for the quarter, compared to the consensus estimate of $21.42 million. Navios Maritime Midstream Partners had a net margin of 21.97% and a return on equity of 7.12%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS.

NAP has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Navios Maritime Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. ValuEngine downgraded shares of Navios Maritime Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Bank of America Corporation downgraded shares of Navios Maritime Midstream Partners from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $13.00 to $8.00 in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.75.

Navios Maritime Midstream Partners (NYSE NAP) traded up 0.86% during mid-day trading on Monday, hitting $10.50. The stock had a trading volume of 52,318 shares. The firm has a 50-day moving average of $10.06 and a 200-day moving average of $10.98. Navios Maritime Midstream Partners has a 52-week low of $9.07 and a 52-week high of $14.20. The stock has a market cap of $219.73 million, a P/E ratio of 10.27 and a beta of 0.47.

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About Navios Maritime Midstream Partners

Navios Maritime Midstream Partners L.P. (Navios Midstream) is a holding company. The Company’s principal activity is to own, operate and acquire crude oil tankers under long-term employment contracts, as well as refined petroleum product tankers, chemical tankers, and liquefied petroleum gas (LPG) tankers under long-term employment contracts.

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