Martin Midstream Partners (NASDAQ:MMLP) Issues Earnings Results, Misses Expectations By $0.08 EPS

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Martin Midstream Partners (NASDAQ:MMLP) issued its earnings results on Sunday. The pipeline company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.08), MarketWatch Earnings reports. Martin Midstream Partners had a net margin of 0.33% and a negative return on equity of 6.77%.

Martin Midstream Partners stock opened at $2.48 on Tuesday. Martin Midstream Partners has a twelve month low of $0.90 and a twelve month high of $3.95. The stock’s fifty day simple moving average is $1.96 and its 200-day simple moving average is $1.66. The firm has a market capitalization of $96.36 million, a P/E ratio of 41.34 and a beta of 2.99.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Friday, February 5th were given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Thursday, February 4th. Martin Midstream Partners’s dividend payout ratio is currently 18.18%.

Separately, Zacks Investment Research cut Martin Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd.

About Martin Midstream Partners

Martin Midstream Partners L.P. engages in the terminalling, processing, storage, and packaging of 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 12 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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Earnings History for Martin Midstream Partners (NASDAQ:MMLP)

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