Martin Midstream Partners (NASDAQ:MMLP) Posts Quarterly Earnings Results

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

Martin Midstream Partners Stock Performance

NASDAQ MMLP traded down $0.04 on Wednesday, hitting $3.58. The stock had a trading volume of 70,322 shares, compared to its average volume of 105,676. The firm 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 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, February 7th. Martin Midstream Partners’s dividend payout ratio (DPR) is presently 20.00%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Martin Midstream Partners in a research note on Wednesday. They issued 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.