Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) posted its earnings results on Wednesday. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05), Zacks reports. Martin Midstream Partners had a net margin of 0.90% and a negative return on equity of 10.46%. The company had revenue of $170.93 million for the quarter, compared to analysts’ expectations of $176.43 million. During the same period in the previous year, the firm earned ($0.03) EPS.
Martin Midstream Partners Trading Down 0.5 %
MMLP stock opened at $3.98 on Friday. The company’s 50 day moving average is $3.69 and its 200 day moving average is $3.33. The stock has a market cap of $155.22 million, a price-to-earnings ratio of 44.22 and a beta of 2.12. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13.
Martin Midstream Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be paid a $0.005 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.02 dividend on an annualized basis and a yield of 0.50%. Martin Midstream Partners’s dividend payout ratio is currently 22.22%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on Martin Midstream Partners
Martin Midstream Partners Company Profile
Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.
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