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

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

Martin Midstream Partners Stock Down 0.3 %

MMLP stock traded down $0.01 during trading on Friday, hitting $3.97. The company had a trading volume of 21,457 shares, compared to its average volume of 76,961. The firm has a 50-day moving average price of $3.69 and a 200-day moving average price of $3.33. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13. The firm has a market cap of $154.83 million, a PE ratio of 44.22 and a beta of 2.12.

Martin Midstream Partners Announces Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Martin Midstream Partners in a 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.