Brokerages expect Martin Midstream Partners L.P. (NASDAQ:MMLP) to announce earnings of $0.04 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Martin Midstream Partners’ earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.07. Martin Midstream Partners reported earnings of $0.03 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The business is expected to report its next quarterly earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that Martin Midstream Partners will report full year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.48 to $0.68. For the next fiscal year, analysts expect that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.57 to $0.86. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Martin Midstream Partners.
Martin Midstream Partners (NASDAQ:MMLP) last issued its quarterly earnings data on Wednesday, April 25th. The pipeline company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Martin Midstream Partners had a net margin of 1.63% and a return on equity of 8.25%. The firm had revenue of $284.20 million during the quarter, compared to analysts’ expectations of $268.02 million.
Several institutional investors have recently added to or reduced their stakes in MMLP. Arrow Investment Advisors LLC grew its holdings in Martin Midstream Partners by 11.5% during the first quarter. Arrow Investment Advisors LLC now owns 47,923 shares of the pipeline company’s stock worth $647,000 after acquiring an additional 4,939 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Martin Midstream Partners by 6.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 86,367 shares of the pipeline company’s stock worth $1,209,000 after acquiring an additional 5,245 shares during the period. Geode Capital Management LLC grew its holdings in Martin Midstream Partners by 28.1% during the fourth quarter. Geode Capital Management LLC now owns 24,013 shares of the pipeline company’s stock worth $336,000 after acquiring an additional 5,267 shares during the period. Center Coast Capital Advisors LP grew its holdings in Martin Midstream Partners by 0.4% during the fourth quarter. Center Coast Capital Advisors LP now owns 1,967,867 shares of the pipeline company’s stock worth $27,550,000 after acquiring an additional 8,422 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Martin Midstream Partners during the first quarter worth $137,000. Institutional investors and hedge funds own 36.06% of the company’s stock.
Shares of Martin Midstream Partners traded down $0.15, hitting $14.75, during trading hours on Friday, Marketbeat.com reports. 95,931 shares of the company were exchanged, compared to its average volume of 155,671. Martin Midstream Partners has a 1 year low of $12.70 and a 1 year high of $19.85. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.76 and a quick ratio of 1.11. The stock has a market capitalization of $581.88 million, a PE ratio of 33.52, a price-to-earnings-growth ratio of 12.26 and a beta of 1.46.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 13.56%. The ex-dividend date was Monday, May 7th. Martin Midstream Partners’s dividend payout ratio (DPR) is presently 454.55%.
Martin Midstream Partners Company Profile
Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 22 marine shore-based terminal facilities and 16 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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