Martin Midstream Partners (NASDAQ:MMLP) posted its earnings results on Wednesday. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.12, Briefing.com reports. Martin Midstream Partners had a return on equity of 7.84% and a net margin of 1.84%. During the same quarter in the previous year, the firm earned $0.49 EPS.
Martin Midstream Partners (NASDAQ MMLP) traded up $0.30 during midday trading on Wednesday, hitting $15.55. The company had a trading volume of 119,717 shares, compared to its average volume of 159,275. The company has a quick ratio of 0.86, a current ratio of 2.04 and a debt-to-equity ratio of 2.78. Martin Midstream Partners has a one year low of $12.70 and a one year high of $20.55. The company has a market capitalization of $586.31, a price-to-earnings ratio of 33.80 and a beta of 1.53.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 12.86%. Martin Midstream Partners’s dividend payout ratio is presently 434.78%.
Several equities analysts have recently issued reports on MMLP shares. B. Riley reissued a “buy” rating and set a $18.00 target price on shares of Martin Midstream Partners in a research note on Monday, December 18th. Zacks Investment Research raised Martin Midstream Partners from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Wednesday, October 18th. BidaskClub raised Martin Midstream Partners from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Royal Bank of Canada restated a “hold” rating and set a $18.00 price target on shares of Martin Midstream Partners in a research report on Friday, October 27th. Finally, Stifel Nicolaus dropped their price target on Martin Midstream Partners from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.33.
Martin Midstream Partners Company Profile
Martin Midstream Partners L.P. is a limited partnership with a set of operations focused in the United States Gulf Coast region. The Company’s four business lines include terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; natural gas services, including liquids transportation and distribution services, and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products.
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