Martin Midstream Partners (NASDAQ:MMLP) Releases Earnings Results, Misses Estimates By $0.08 EPS

Martin Midstream Partners (NASDAQ:MMLP) released its quarterly earnings results on Sunday. The pipeline company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08), MarketWatch Earnings reports. Martin Midstream Partners had a negative return on equity of 6.77% and a net margin of 0.33%.

Martin Midstream Partners stock traded down $0.29 during midday trading on Tuesday, reaching $2.19. 5,522 shares of the stock traded hands, compared to its average volume of 335,416. The company has a 50-day simple moving average of $1.96 and a two-hundred day simple moving average of $1.66. Martin Midstream Partners has a 12-month low of $0.90 and a 12-month high of $3.95. The firm has a market cap of $85.09 million, a PE ratio of 36.01 and a beta of 2.99.

The company also recently announced a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Friday, February 5th were issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, February 4th. Martin Midstream Partners’s dividend payout ratio (DPR) is 18.18%.

Separately, Zacks Investment Research cut Martin Midstream Partners from a “buy” rating to a “hold” rating in a report on Wednesday, December 23rd.

Martin Midstream Partners Company Profile

Martin Midstream Partners L.P. engages in the terminalling, processing, storage, and packaging of petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 19 marine shore-based terminal facilities and 12 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products.

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Earnings History for Martin Midstream Partners (NASDAQ:MMLP)

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