FY2024 EPS Estimates for Martin Midstream Partners L.P. Boosted by Analyst (NASDAQ:MMLP)

Martin Midstream Partners L.P. (NASDAQ:MMLP) – Research analysts at Sidoti Csr raised their FY2024 EPS estimates for Martin Midstream Partners in a report issued on Monday, April 22nd. Sidoti Csr analyst K. May now forecasts that the pipeline company will post earnings of $0.14 per share for the year, up from their previous estimate of $0.10. The consensus estimate for Martin Midstream Partners’ current full-year earnings is $0.10 per share. Sidoti Csr also issued estimates for Martin Midstream Partners’ Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at $0.22 EPS.

Separately, StockNews.com began coverage on shares of Martin Midstream Partners in a research note on Wednesday, April 17th. They issued a “strong-buy” rating for the company.

Martin Midstream Partners Stock Performance

MMLP stock opened at $2.73 on Wednesday. Martin Midstream Partners has a one year low of $1.95 and a one year high of $3.30. The company has a market capitalization of $106.47 million, a PE ratio of 30.00 and a beta of 2.12. The company’s 50 day moving average price is $2.54 and its two-hundred day moving average price is $2.46.

Martin Midstream Partners (NASDAQ:MMLP) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $177.85 million. Martin Midstream Partners had a negative return on equity of 5.91% and a net margin of 0.52%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. American National Bank purchased a new stake in Martin Midstream Partners during the 1st quarter valued at $35,000. Victory Capital Management Inc. boosted its holdings in shares of Martin Midstream Partners by 33.6% during the fourth quarter. Victory Capital Management Inc. now owns 29,793 shares of the pipeline company’s stock worth $72,000 after purchasing an additional 7,500 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Martin Midstream Partners by 3.3% during the third quarter. Raymond James & Associates now owns 606,758 shares of the pipeline company’s stock worth $1,687,000 after purchasing an additional 19,194 shares during the period. Institutional investors own 34.90% of the company’s stock.

Martin Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be given a $0.005 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.02 annualized dividend and a yield of 0.73%. Martin Midstream Partners’s payout ratio is currently 22.22%.

About Martin Midstream Partners

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.