Martin Midstream Partners (NASDAQ:MMLP) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Martin Midstream Partners (NASDAQ:MMLP) issued its quarterly earnings results on Sunday. The pipeline company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.08), MarketWatch Earnings reports. Martin Midstream Partners had a negative return on equity of 6.77% and a net margin of 0.33%.

NASDAQ MMLP traded down $0.31 during trading on Tuesday, hitting $2.17. The company’s stock had a trading volume of 3,609 shares, compared to its average volume of 335,416. The firm has a 50 day moving average price of $1.96 and a 200 day moving average price of $1.66. The firm has a market cap of $84.31 million, a P/E ratio of 36.01 and a beta of 2.99. Martin Midstream Partners has a 52 week low of $0.90 and a 52 week high of $3.95.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Friday, February 5th were given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 4th. Martin Midstream Partners’s dividend payout ratio is currently 18.18%.

Separately, Zacks Investment Research downgraded Martin Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd.

Martin Midstream Partners Company Profile

Martin Midstream Partners L.P. engages in the terminalling, processing, storage, and packaging of petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 19 marine shore-based terminal facilities and 12 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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Earnings History for Martin Midstream Partners (NASDAQ:MMLP)

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