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

Martin Midstream Partners (NASDAQ:MMLP) is scheduled 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 registering for the company’s conference call can do so using this link.

Martin Midstream Partners (NASDAQ:MMLP) last issued its earnings results on Wednesday, July 17th. The pipeline company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Martin Midstream Partners had a net margin of 0.90% and a negative return on equity of 10.46%. The company had revenue of $184.53 million for the quarter, compared to analyst estimates of $193.91 million. During the same period in the prior year, the business posted $0.03 earnings per share. 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 Trading Up 0.3 %

Shares of MMLP opened at $4.00 on Tuesday. Martin Midstream Partners has a twelve month low of $2.04 and a twelve month high of $4.13. The firm has a market capitalization of $156.00 million, a P/E ratio of 44.44 and a beta of 2.12. The firm’s 50-day moving average is $3.67 and its two-hundred day moving average is $3.32.

Martin Midstream Partners Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Martin Midstream Partners in a research note on Tuesday. They set a “buy” rating on the stock.

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.