Martin Midstream Partners (MMLP) to Release Earnings on Wednesday

Martin Midstream Partners (NASDAQ:MMLP) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 16th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.

Martin Midstream Partners (NASDAQ:MMLP) last announced its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $184.53 million for the quarter, compared to analyst estimates of $193.91 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 prior year, the company earned $0.03 EPS. 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 MMLP opened at $3.99 on Wednesday. Martin Midstream Partners has a 1 year low of $2.04 and a 1 year high of $4.13. The firm has a market cap of $155.42 million, a P/E ratio of 44.28 and a beta of 2.12. The stock has a 50 day simple moving average of $3.66 and a two-hundred day simple moving average of $3.28.

Martin Midstream Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, August 7th were given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, August 7th. Martin Midstream Partners’s payout ratio is 22.22%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Martin Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st.

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.