Martin Midstream Partners (NASDAQ:MMLP) Releases Earnings Results, Misses Expectations By $0.05 EPS

Martin Midstream Partners (NASDAQ:MMLP) posted its quarterly earnings data on Wednesday. The pipeline company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05), Zacks reports. The firm had revenue of $170.93 million for the quarter, compared to the consensus estimate of $176.43 million. Martin Midstream Partners had a negative return on equity of 10.46% and a net margin of 0.90%. During the same quarter last year, the firm earned ($0.03) EPS.

Martin Midstream Partners Stock Performance

Shares of MMLP stock remained flat at $3.98 during trading hours on Friday. The stock had a trading volume of 22,258 shares, compared to its average volume of 76,972. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13. The stock has a market cap of $155.22 million, a PE ratio of 44.22 and a beta of 2.12. The firm has a 50-day moving average price of $3.69 and a two-hundred day moving average price of $3.33.

Martin Midstream Partners Dividend Announcement

The firm also recently declared 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. This represents a $0.02 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, November 7th. Martin Midstream Partners’s dividend payout ratio (DPR) is presently 22.22%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on 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.