Martin Midstream Partners (NASDAQ:MMLP) Releases Earnings Results, Misses Estimates By $0.25 EPS

Martin Midstream Partners (NASDAQ:MMLP) announced its earnings results on Wednesday. The pipeline company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25), Zacks reports. Martin Midstream Partners had a negative return on equity of 6.93% and a net margin of 0.59%.

Martin Midstream Partners Trading Down 1.4 %

Shares of MMLP stock traded down $0.05 on Friday, reaching $3.55. 9,419 shares of the company’s stock were exchanged, compared to its average volume of 101,582. Martin Midstream Partners has a 52 week low of $2.18 and a 52 week high of $4.13. The stock has a market capitalization of $138.45 million, a PE ratio of 35.50 and a beta of 2.10. The company’s fifty day simple moving average is $3.68 and its 200 day simple moving average is $3.76.

Martin Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Friday, February 7th. Martin Midstream Partners’s dividend payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Martin Midstream Partners in a research note on Wednesday. They set a “buy” rating for the company.

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.