Martin Midstream Partners (NASDAQ:MMLP) Announces Earnings Results

Martin Midstream Partners (NASDAQ:MMLP) issued 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 net margin of 0.59% and a negative return on equity of 6.93%.

Martin Midstream Partners Trading Down 1.1 %

Martin Midstream Partners stock traded down $0.04 during midday trading on Wednesday, reaching $3.58. 70,322 shares of the stock traded hands, compared to its average volume of 105,676. The firm has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $3.76. Martin Midstream Partners has a fifty-two week low of $2.10 and a fifty-two week high of $4.13. The firm has a market cap of $139.62 million, a price-to-earnings ratio of 35.80 and a beta of 2.10.

Martin Midstream Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a $0.005 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.02 annualized dividend and a yield of 0.56%. Martin Midstream Partners’s dividend payout ratio is presently 20.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Martin Midstream Partners in a report on Wednesday. They issued 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.