Martin Midstream Partners (NASDAQ:MMLP) announced its quarterly earnings results on Wednesday. The pipeline company reported $0.47 EPS for the quarter, topping the Zacks’ 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 period in the previous year, the company posted $0.49 EPS.
Martin Midstream Partners (NASDAQ:MMLP) traded up $0.30 on Wednesday, hitting $15.55. The stock 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 52-week low of $12.70 and a 52-week high of $20.55. The stock has a market capitalization of $586.31, a PE ratio of 33.80 and a beta of 1.53.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 12.86%. Martin Midstream Partners’s dividend payout ratio (DPR) is currently 434.78%.
A number of brokerages have commented on MMLP. Zacks Investment Research raised Martin Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. 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 reaffirmed a “hold” rating and issued a $18.00 price target on shares of Martin Midstream Partners in a research note on Friday, October 27th. Finally, B. Riley set a $18.00 price target on Martin Midstream Partners and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.33.
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About Martin Midstream Partners
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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