Brokerages expect that Martin Midstream Partners L.P. (NASDAQ:MMLP) will post earnings per share of ($0.07) for the current quarter, according to Zacks. Three analysts have made estimates for Martin Midstream Partners L.P.’s earnings, with estimates ranging from ($0.15) to ($0.01). Martin Midstream Partners L.P. posted earnings of ($0.03) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 133.3%. The firm is scheduled to announce its next earnings results on Wednesday, October 25th.

On average, analysts expect that Martin Midstream Partners L.P. will report full year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.54 to $0.79. For the next fiscal year, analysts expect that the company will post earnings of $0.89 per share, with EPS estimates ranging from $0.58 to $1.17. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Martin Midstream Partners L.P..

Martin Midstream Partners L.P. (NASDAQ:MMLP) last issued its quarterly earnings data on Wednesday, July 26th. The pipeline company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.07. Martin Midstream Partners L.P. had a net margin of 3.67% and a return on equity of 9.62%. The firm had revenue of $193.90 million for the quarter, compared to analyst estimates of $201.17 million. During the same period in the prior year, the business posted ($0.14) EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year.

MMLP has been the subject of several research reports. BidaskClub downgraded shares of Martin Midstream Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price objective on shares of Martin Midstream Partners L.P. in a research note on Friday, August 11th. Robert W. Baird reiterated a “hold” rating and set a $20.00 price objective on shares of Martin Midstream Partners L.P. in a research note on Thursday, August 24th. Finally, Zacks Investment Research upgraded shares of Martin Midstream Partners L.P. from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, September 27th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Shares of Martin Midstream Partners L.P. (MMLP) traded up 0.30% during trading on Tuesday, hitting $16.85. 56,997 shares of the stock traded hands. Martin Midstream Partners L.P. has a 52-week low of $15.45 and a 52-week high of $22.88.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning lifted its position in shares of Martin Midstream Partners L.P. by 33.8% during the second quarter. Creative Planning now owns 5,893 shares of the pipeline company’s stock worth $104,000 after purchasing an additional 1,490 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Martin Midstream Partners L.P. by 192.5% during the second quarter. The Manufacturers Life Insurance Company now owns 9,543 shares of the pipeline company’s stock worth $167,000 after purchasing an additional 6,280 shares in the last quarter. Global X Management Co. LLC lifted its position in shares of Martin Midstream Partners L.P. by 18.0% during the first quarter. Global X Management Co. LLC now owns 16,823 shares of the pipeline company’s stock worth $336,000 after purchasing an additional 2,563 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Martin Midstream Partners L.P. by 61.1% during the first quarter. Ameriprise Financial Inc. now owns 19,753 shares of the pipeline company’s stock worth $395,000 after purchasing an additional 7,493 shares in the last quarter. Finally, Sippican Capital Advisors lifted its position in shares of Martin Midstream Partners L.P. by 1.8% during the second quarter. Sippican Capital Advisors now owns 28,120 shares of the pipeline company’s stock worth $494,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 31.80% of the company’s stock.

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About Martin Midstream Partners L.P.

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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Earnings History and Estimates for Martin Midstream Partners L.P. (NASDAQ:MMLP)

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