Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) - Equities researchers at Sidoti Csr dropped their Q1 2024 earnings per share estimates for shares of Martin Midstream Partners in a research report issued to clients and investors on Tuesday, April 16th. Sidoti Csr analyst K. May now anticipates that the pipeline company will post earnings per share of $0.06 for the quarter, down from their previous estimate of $0.07. The consensus estimate for Martin Midstream Partners' current full-year earnings is $0.11 per share. Sidoti Csr also issued estimates for Martin Midstream Partners' FY2024 earnings at $0.10 EPS, Q3 2025 earnings at $0.03 EPS and Q4 2025 earnings at $0.06 EPS.
Separately, StockNews.com assumed coverage on Martin Midstream Partners in a research note on Wednesday. They set a "strong-buy" rating for the company.
View Our Latest Stock Report on MMLP
Martin Midstream Partners Stock Down 2.9 %
Shares of Martin Midstream Partners stock traded down $0.08 during trading on Thursday, reaching $2.66. 47,589 shares of the company were exchanged, compared to its average volume of 47,227. Martin Midstream Partners has a twelve month low of $1.95 and a twelve month high of $3.30. The business has a 50-day moving average price of $2.51 and a 200-day moving average price of $2.46. The firm has a market capitalization of $103.74 million, a price-to-earnings ratio of -22.17 and a beta of 2.12.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.05. The company had revenue of $181.10 million for the quarter, compared to analyst estimates of $177.85 million.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in Martin Midstream Partners by 4.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,958,380 shares of the pipeline company's stock worth $4,211,000 after acquiring an additional 91,816 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Martin Midstream Partners by 0.4% during the second quarter. JPMorgan Chase & Co. now owns 690,561 shares of the pipeline company's stock worth $2,748,000 after acquiring an additional 2,458 shares in the last quarter. Raymond James & Associates lifted its holdings in Martin Midstream Partners by 3.3% during the third quarter. Raymond James & Associates now owns 606,758 shares of the pipeline company's stock worth $1,687,000 after acquiring an additional 19,194 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Martin Midstream Partners by 35.5% during the second quarter. BNP Paribas Arbitrage SA now owns 122,231 shares of the pipeline company's stock worth $486,000 after acquiring an additional 31,999 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Martin Midstream Partners by 10.6% during the first quarter. UBS Group AG now owns 41,955 shares of the pipeline company's stock worth $177,000 after acquiring an additional 4,028 shares in the last quarter. 34.90% of the stock is currently owned by institutional investors.
Martin Midstream Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.005 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.02 annualized dividend and a yield of 0.75%. Martin Midstream Partners's dividend payout ratio is presently -16.67%.
About Martin Midstream Partners
(
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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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