Martin Midstream Partners (NASDAQ:MMLP) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Martin Midstream Partners (NASDAQ:MMLP) released its quarterly earnings results on Wednesday. The pipeline company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.05), Zacks reports. The firm had revenue of $170.93 million for 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 quarter in the prior year, the business earned ($0.03) EPS.

Martin Midstream Partners Trading Down 1.0 %

Shares of MMLP traded down $0.04 during midday trading on Thursday, reaching $3.96. 27,491 shares of the stock were exchanged, compared to its average volume of 76,607. The company’s 50 day moving average is $3.68 and its two-hundred day moving average is $3.33. The company has a market capitalization of $154.44 million, a P/E ratio of 44.11 and a beta of 2.12. Martin Midstream Partners has a 52 week low of $2.04 and a 52 week high of $4.13.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Martin Midstream Partners in a research report on Tuesday. They set a “buy” rating on the stock.

Martin Midstream Partners Company Profile

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.