Martin Midstream Partners (MMLP) to Release Quarterly Earnings on Wednesday

Martin Midstream Partners (NASDAQ:MMLP) is anticipated to post its quarterly earnings results after the market closes on Wednesday, April 16th. Analysts expect Martin Midstream Partners to post earnings of $0.02 per share for the quarter.

Martin Midstream Partners (NASDAQ:MMLP) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.25). Martin Midstream Partners had a negative net margin of 0.73% and a negative return on equity of 6.93%. On average, analysts expect Martin Midstream Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Martin Midstream Partners Stock Performance

Shares of MMLP opened at $2.84 on Tuesday. The stock has a 50-day moving average price of $3.49 and a 200 day moving average price of $3.71. The company has a market capitalization of $110.92 million, a P/E ratio of -21.84 and a beta of 1.75. Martin Midstream Partners has a one year low of $2.36 and a one year high of $4.13.

Martin Midstream Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, February 7th. Martin Midstream Partners’s dividend payout ratio is presently -15.38%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Martin Midstream Partners in a report on Wednesday, April 9th. They issued 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.