Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) announced its quarterly earnings results on Wednesday. The pipeline company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03), Zacks reports. The business had revenue of $192.54 million during the quarter, compared to the consensus estimate of $187.13 million. Martin Midstream Partners had a negative return on equity of 6.93% and a negative net margin of 0.73%. During the same quarter last year, the company earned $0.08 earnings per share.
Martin Midstream Partners Stock Up 0.8 %
Shares of Martin Midstream Partners stock traded up $0.02 on Monday, hitting $2.67. The stock had a trading volume of 63,643 shares, compared to its average volume of 101,162. The stock has a market cap of $104.28 million, a price-to-earnings ratio of -20.54 and a beta of 1.75. The business's 50 day moving average is $3.40 and its two-hundred day moving average is $3.67. Martin Midstream Partners has a twelve month low of $2.50 and a twelve month high of $4.13.
Martin Midstream Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, May 8th. Martin Midstream Partners's payout ratio is presently -8.33%.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Martin Midstream Partners in a research report on Thursday. They set a "buy" rating on the stock.
Read Our Latest Report 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.
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