Martin Midstream Partners (NASDAQ:MMLP) Releases Earnings Results

Martin Midstream Partners (NASDAQ:MMLP) released its quarterly earnings data on Wednesday. The pipeline company reported ($0.08) earnings per share (EPS) 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 firm had revenue of $170.93 million during the quarter, compared to analysts’ expectations of $176.43 million. During the same quarter in the previous year, the firm posted ($0.03) EPS.

Martin Midstream Partners Price Performance

NASDAQ:MMLP opened at $3.98 on Friday. The company’s 50-day simple moving average is $3.69 and its 200 day simple moving average is $3.33. The firm has a market capitalization of $155.22 million, a P/E ratio of 44.22 and a beta of 2.12. Martin Midstream Partners has a one year low of $2.04 and a one year high of $4.13.

Martin Midstream Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.50%. The ex-dividend date is Thursday, November 7th. Martin Midstream Partners’s payout ratio is currently 22.22%.

Analyst Upgrades and Downgrades

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

About Martin Midstream Partners

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.