Martin Midstream Partners (NASDAQ:MMLP) Issues Quarterly Earnings Results

Martin Midstream Partners (NASDAQ:MMLP) 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

Separately, StockNews.com initiated coverage on shares of Martin Midstream Partners in a report on Tuesday. They set a “buy” rating on the stock.

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.