Martin Midstream Partners L.P. (NASDAQ:MMLP) – Investment analysts at Capital One Financial dropped their Q2 2019 earnings per share estimates for shares of Martin Midstream Partners in a research note issued to investors on Friday, May 24th. Capital One Financial analyst K. May now forecasts that the pipeline company will post earnings of $0.24 per share for the quarter, down from their previous forecast of $0.30. Capital One Financial also issued estimates for Martin Midstream Partners’ FY2019 earnings at $0.96 EPS, Q1 2020 earnings at $0.45 EPS, Q4 2020 earnings at $0.61 EPS and FY2020 earnings at $1.37 EPS.
Martin Midstream Partners (NASDAQ:MMLP) last announced its earnings results on Wednesday, April 24th. The pipeline company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.31). The company had revenue of $250.97 million for the quarter, compared to analysts’ expectations of $276.53 million. Martin Midstream Partners had a negative return on equity of 10.10% and a net margin of 2.78%.
Shares of MMLP stock opened at $7.13 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 2.31. The stock has a market cap of $277.36 million, a price-to-earnings ratio of -37.53, a P/E/G ratio of 6.73 and a beta of 1.07. Martin Midstream Partners has a 1-year low of $6.86 and a 1-year high of $15.40.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its stake in shares of Martin Midstream Partners by 113.4% in the first quarter. Advisor Group Inc. now owns 3,652 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,941 shares during the period. Jane Street Group LLC acquired a new stake in Martin Midstream Partners in the fourth quarter valued at approximately $109,000. Acadian Asset Management LLC acquired a new stake in Martin Midstream Partners in the first quarter valued at approximately $181,000. Sippican Capital Advisors acquired a new stake in Martin Midstream Partners in the first quarter valued at approximately $189,000. Finally, Barclays PLC raised its holdings in Martin Midstream Partners by 124.5% in the fourth quarter. Barclays PLC now owns 15,162 shares of the pipeline company’s stock valued at $156,000 after acquiring an additional 8,408 shares in the last quarter. 27.61% of the stock is owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 14.03%. The ex-dividend date was Tuesday, May 7th. Martin Midstream Partners’s payout ratio is -526.32%.
Martin Midstream Partners Company Profile
Martin Midstream Partners L.P. collects, transports, stores, and markets 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 14 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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