Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) announced its quarterly earnings results on Wednesday. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05), Zacks reports. The business had revenue of $170.93 million during the quarter, compared to analysts' expectations of $176.43 million. Martin Midstream Partners had a net margin of 0.90% and a negative return on equity of 10.46%. During the same period last year, the company earned ($0.03) EPS.
Martin Midstream Partners Price Performance
Martin Midstream Partners stock traded down $0.02 during midday trading on Thursday, hitting $3.98. 155,464 shares of the company were exchanged, compared to its average volume of 77,244. The company has a market cap of $155.22 million, a PE ratio of 44.33 and a beta of 2.12. Martin Midstream Partners has a fifty-two week low of $2.04 and a fifty-two week high of $4.13. The company's fifty day moving average price is $3.68 and its 200-day moving average price is $3.33.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Martin Midstream Partners in a research report on Tuesday. They set a "buy" rating on the stock.
Get Our Latest Research Report on Martin Midstream Partners
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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