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

Martin Midstream Partners (NASDAQ:MMLP) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Martin Midstream Partners to post earnings of $0.03 per share and revenue of $180.75 million for the quarter.

Martin Midstream Partners Stock Performance

MMLP stock opened at $3.58 on Tuesday. The stock has a fifty day moving average of $3.69 and a 200-day moving average 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 company has a market capitalization of $139.62 million, a price-to-earnings ratio of 35.80 and a beta of 2.10.

Martin Midstream Partners Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Martin Midstream Partners in a research note on Tuesday, February 4th. They issued a “buy” rating for the company.

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.