Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) released its quarterly earnings data on Wednesday. The pipeline company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.14), Zacks reports. The company had revenue of $180.68 million for the quarter, compared to the consensus estimate of $199.39 million.
Martin Midstream Partners Price Performance
Shares of MMLP stock traded down $0.08 during mid-day trading on Friday, hitting $2.91. 16,053 shares of the stock traded hands, compared to its average volume of 89,098. The stock has a market cap of $94.58 million, a P/E ratio of -7.46 and a beta of 0.73. The stock's fifty day moving average is $3.05 and its two-hundred day moving average is $3.26. Martin Midstream Partners has a 52-week low of $2.56 and a 52-week high of $4.13.
Martin Midstream Partners Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, August 7th. Martin Midstream Partners's payout ratio is -5.13%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Martin Midstream Partners to a "hold" rating in a research note on Friday, June 6th.
Read Our Latest Stock Analysis on MMLP
Martin Midstream Partners Company Profile
(
Get Free Report)
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.
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