Martin Midstream Partners (MMLP) Set to Announce Quarterly Earnings on Wednesday

Martin Midstream Partners (NASDAQ:MMLP) will be issuing its quarterly earnings data after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Martin Midstream Partners (NASDAQ:MMLP) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. The firm had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $177.85 million. 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 Price Performance

Shares of NASDAQ MMLP opened at $2.47 on Tuesday. The stock has a market capitalization of $96.33 million, a P/E ratio of -20.58 and a beta of 2.12. Martin Midstream Partners has a 1-year low of $1.95 and a 1-year high of $3.30. The business has a fifty day moving average price of $2.49 and a 200 day moving average price of $2.46.

Martin Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Tuesday, February 6th. Martin Midstream Partners’s dividend payout ratio (DPR) is currently -16.67%.

Institutional Trading of Martin Midstream Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates lifted its position in shares of Martin Midstream Partners by 351.9% in the first quarter. Raymond James & Associates now owns 417,936 shares of the pipeline company’s stock valued at $1,755,000 after acquiring an additional 325,461 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Martin Midstream Partners by 4.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,958,380 shares of the pipeline company’s stock worth $4,211,000 after purchasing an additional 91,816 shares during the period. BNP Paribas Arbitrage SA purchased a new stake in Martin Midstream Partners during the 1st quarter worth about $379,000. Acadian Asset Management LLC purchased a new stake in Martin Midstream Partners during the 1st quarter worth about $140,000. Finally, Victory Capital Management Inc. purchased a new stake in Martin Midstream Partners during the 4th quarter worth about $67,000. 34.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Martin Midstream Partners from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 15th.

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.