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

Martin Midstream Partners (NASDAQ:MMLP) 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

Separately, StockNews.com initiated coverage on Martin Midstream Partners in a research note on Wednesday, April 17th. They issued a “strong-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.