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

Martin Midstream Partners (NASDAQ:MMLP) is set to issue 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. Parties interested in participating in the company’s conference call can do so using this link.

Martin Midstream Partners (NASDAQ:MMLP) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $184.53 million during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $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

NASDAQ MMLP opened at $3.99 on Monday. The stock has a market capitalization of $155.61 million, a PE ratio of 44.33 and a beta of 2.12. The business has a 50 day simple moving average of $3.66 and a two-hundred day simple moving average of $3.30. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13.

Martin Midstream Partners Dividend Announcement

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

Analyst Ratings Changes

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

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.