Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) posted its quarterly earnings data on Wednesday. The pipeline company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03), Zacks reports. The business had revenue of $192.54 million for the quarter, compared to the consensus estimate of $187.13 million. Martin Midstream Partners had a negative net margin of 0.73% and a negative return on equity of 6.93%. During the same quarter last year, the business posted $0.08 EPS.
Martin Midstream Partners Stock Down 3.3 %
Shares of MMLP stock traded down $0.09 during trading hours on Friday, reaching $2.65. 72,114 shares of the stock traded hands, compared to its average volume of 101,103. The firm has a market capitalization of $103.50 million, a PE ratio of -20.38 and a beta of 1.75. Martin Midstream Partners has a 1-year low of $2.45 and a 1-year high of $4.13. The business has a fifty day moving average price of $3.44 and a 200 day moving average price of $3.69.
Martin Midstream Partners Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be issued a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, May 8th. Martin Midstream Partners's payout ratio is -15.38%.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Martin Midstream Partners in a report on Thursday. They set a "buy" rating for the company.
Check Out Our Latest Stock Analysis on MMLP
Martin Midstream Partners Company Profile
(
Get Free Report)
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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