Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) posted its quarterly earnings data on Wednesday. The pipeline company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05), Zacks reports. The firm had revenue of $170.93 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned ($0.03) EPS.
Martin Midstream Partners Stock Performance
Shares of MMLP stock remained flat at $3.98 during trading hours on Friday. The stock had a trading volume of 22,258 shares, compared to its average volume of 76,972. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13. The stock has a market cap of $155.22 million, a PE ratio of 44.22 and a beta of 2.12. The firm has a 50-day moving average price of $3.69 and a two-hundred day moving average price of $3.33.
Martin Midstream Partners Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, November 7th. Martin Midstream Partners’s dividend payout ratio (DPR) is presently 22.22%.
Analyst Ratings Changes
Get 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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