Martin Midstream Partners (MMLP) Projected to Post Quarterly Earnings on Wednesday

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) is expected to post its quarterly earnings results after the market closes on Wednesday, April 16th. Analysts expect Martin Midstream Partners to post earnings of $0.02 per share for the quarter.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.25). Martin Midstream Partners had a negative net margin of 0.73% and a negative return on equity of 6.93%. On average, analysts expect Martin Midstream Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Martin Midstream Partners Stock Up 0.4 %

MMLP traded up $0.01 during trading hours on Friday, hitting $2.79. The stock had a trading volume of 81,747 shares, compared to its average volume of 101,257. Martin Midstream Partners has a 1 year low of $2.36 and a 1 year high of $4.13. The company's fifty day simple moving average is $3.51 and its 200 day simple moving average is $3.72. The stock has a market cap of $108.96 million, a PE ratio of -21.46 and a beta of 1.75.

Martin Midstream Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.005 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.02 dividend on an annualized basis and a yield of 0.72%. Martin Midstream Partners's payout ratio is -15.38%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Martin Midstream Partners in a report on Wednesday. They issued a "buy" rating on the stock.

About Martin Midstream Partners

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.