Martin Midstream Partners (NASDAQ:MMLP) Posts Earnings Results, Misses Estimates By $0.25 EPS

Martin Midstream Partners (NASDAQ:MMLP) posted its quarterly earnings results on Wednesday. The pipeline company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25), Zacks reports. Martin Midstream Partners had a net margin of 0.59% and a negative return on equity of 6.93%.

Martin Midstream Partners Price Performance

Shares of NASDAQ MMLP traded down $0.04 during trading on Wednesday, reaching $3.58. 70,322 shares of the stock traded hands, compared to its average volume of 105,676. The company has a 50-day moving average of $3.69 and a 200-day moving average of $3.76. Martin Midstream Partners has a 52-week low of $2.10 and a 52-week high of $4.13. The stock has a market capitalization of $139.62 million, a P/E ratio of 35.80 and a beta of 2.10.

Martin Midstream Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 presently 20.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Martin Midstream Partners in a research report on Wednesday. They set a “buy” rating for the company.

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.