Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) posted its quarterly earnings data on Wednesday. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05), Zacks reports. The company had revenue of $170.93 million for the quarter, compared to analysts’ expectations of $176.43 million. Martin Midstream Partners had a negative return on equity of 10.46% and a net margin of 0.90%. During the same period in the previous year, the business posted ($0.03) EPS.
Martin Midstream Partners Stock Up 0.3 %
Martin Midstream Partners stock traded up $0.01 during mid-day trading on Friday, reaching $3.99. 70,128 shares of the company’s stock were exchanged, compared to its average volume of 77,209. The company has a market cap of $155.61 million, a P/E ratio of 44.22 and a beta of 2.12. Martin Midstream Partners has a twelve month low of $2.04 and a twelve month high of $4.13. The company has a fifty day moving average of $3.69 and a 200-day moving average of $3.33.
Martin Midstream Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.005 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.02 dividend on an annualized basis and a yield of 0.50%. Martin Midstream Partners’s dividend payout ratio (DPR) is presently 22.22%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Martin Midstream Partners
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.
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