Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) released its quarterly earnings results on Wednesday. The pipeline company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.25), Zacks reports. Martin Midstream Partners had a negative return on equity of 6.93% and a net margin of 0.59%.
Martin Midstream Partners Price Performance
Shares of MMLP stock traded down $0.12 on Friday, hitting $3.48. 65,068 shares of the company's stock were exchanged, compared to its average volume of 93,704. Martin Midstream Partners has a 12 month low of $2.18 and a 12 month high of $4.13. The stock has a market cap of $135.72 million, a P/E ratio of 34.80 and a beta of 2.10. The company has a 50 day moving average of $3.66 and a 200 day moving average of $3.76.
Martin Midstream Partners Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.005 per share. The ex-dividend date was Friday, February 7th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.57%. Martin Midstream Partners's payout ratio is 20.00%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Martin Midstream Partners in a research note on Wednesday. They issued a "buy" rating for the company.
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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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