Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) issued its quarterly earnings results on Wednesday. The pipeline company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.14), Zacks reports. The firm had revenue of $180.68 million for the quarter, compared to analyst estimates of $199.39 million.
Martin Midstream Partners Trading Down 2.7%
NASDAQ:MMLP traded down $0.08 during mid-day trading on Friday, hitting $2.91. The stock had a trading volume of 16,053 shares, compared to its average volume of 88,722. The company has a market capitalization of $94.58 million, a PE ratio of -7.46 and a beta of 0.73. Martin Midstream Partners has a twelve month low of $2.56 and a twelve month high of $4.13. The stock has a 50-day simple moving average of $3.04 and a two-hundred day simple moving average of $3.26.
Martin Midstream Partners Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be issued a $0.005 dividend. The ex-dividend date is Thursday, August 7th. This represents a $0.02 annualized dividend and a yield of 0.69%. Martin Midstream Partners's dividend payout ratio (DPR) is -5.13%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of Martin Midstream Partners to a "hold" rating in a report on Friday, June 6th.
Read Our Latest Stock Analysis on Martin Midstream Partners
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.
Featured Stories
Before you consider Martin Midstream Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Martin Midstream Partners wasn't on the list.
While Martin Midstream Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
