Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) issued its quarterly earnings results on Wednesday. The pipeline company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01, Zacks reports. Martin Midstream Partners had a negative return on equity of 10.22% and a net margin of 0.90%. The company had revenue of $184.53 million for the quarter, compared to the consensus estimate of $193.91 million. During the same period in the previous year, the business posted $0.03 EPS.
Martin Midstream Partners Price Performance
Shares of MMLP stock traded down $0.02 on Friday, reaching $3.64. 15,742 shares of the stock were exchanged, compared to its average volume of 71,069. Martin Midstream Partners has a one year low of $1.98 and a one year high of $3.82. The stock has a market cap of $141.96 million, a PE ratio of 40.67 and a beta of 2.21. The stock has a 50 day moving average price of $3.25 and a 200 day moving average price of $2.76.
Martin Midstream Partners Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th will be given a $0.005 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.02 annualized dividend and a yield of 0.55%. Martin Midstream Partners’s payout ratio is 22.22%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Martin Midstream Partners
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.
Featured Stories
- Five stocks we like better than Martin Midstream Partners
- What Are the FAANG Stocks and Are They Good Investments?
- Is This Telehealth Stock a Buy After the Recent Pullback?
- What to Know About Investing in Penny Stocks
- Safeguard Against Credit Card Risks with This Top Financial Stock
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Streaming Titan’s Stock Ready to Hit All-Time Highs This Year
Receive News & Ratings for Martin Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.