Q4 2024 Earnings Estimate for Martin Midstream Partners L.P. (NASDAQ:MMLP) Issued By Sidoti Csr

Martin Midstream Partners L.P. (NASDAQ:MMLP) – Sidoti Csr increased their Q4 2024 earnings estimates for shares of Martin Midstream Partners in a research report issued on Thursday, June 27th. Sidoti Csr analyst K. May now expects that the pipeline company will earn ($0.01) per share for the quarter, up from their prior forecast of ($0.02). The consensus estimate for Martin Midstream Partners’ current full-year earnings is $0.15 per share.

Separately, StockNews.com began coverage on Martin Midstream Partners in a research report on Wednesday, April 17th. They issued a “strong-buy” rating for the company.

Martin Midstream Partners Stock Down 1.5 %

Shares of MMLP opened at $3.18 on Monday. The stock has a market cap of $124.02 million, a PE ratio of 35.34 and a beta of 2.21. Martin Midstream Partners has a 12-month low of $1.98 and a 12-month high of $3.42. The business has a 50-day simple moving average of $3.07 and a two-hundred day simple moving average of $2.68.

Martin Midstream Partners (NASDAQ:MMLP) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Martin Midstream Partners had a net margin of 0.52% and a negative return on equity of 5.98%. The firm had revenue of $180.83 million for the quarter, compared to analysts’ expectations of $198.80 million.

Martin Midstream Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were given a $0.005 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.02 annualized dividend and a yield of 0.63%. Martin Midstream Partners’s dividend payout ratio is presently 22.22%.

Hedge Funds Weigh In On Martin Midstream Partners

Several large investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of Martin Midstream Partners by 33.6% in the fourth quarter. Victory Capital Management Inc. now owns 29,793 shares of the pipeline company’s stock valued at $72,000 after buying an additional 7,500 shares during the period. American National Bank acquired a new stake in shares of Martin Midstream Partners in the first quarter valued at about $35,000. Acadian Asset Management LLC acquired a new stake in shares of Martin Midstream Partners in the first quarter valued at about $50,000. Finally, Virtu Financial LLC acquired a new stake in shares of Martin Midstream Partners in the first quarter valued at about $55,000. 34.90% of the stock is currently owned by institutional investors.

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.