Wall Street analysts expect that Martin Midstream Partners L.P. (NASDAQ:MMLP) will post $0.22 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Martin Midstream Partners’ earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.19. Martin Midstream Partners reported earnings of $0.48 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 54.2%. The business is expected to report its next earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that Martin Midstream Partners will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.12 to $0.14. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.73 per share, with EPS estimates ranging from $0.60 to $0.88. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Martin Midstream Partners.

Martin Midstream Partners (NASDAQ:MMLP) last posted its quarterly earnings data on Wednesday, October 24th. The pipeline company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.18). The company had revenue of $219.05 million for the quarter, compared to analysts’ expectations of $226.83 million. Martin Midstream Partners had a net margin of 6.19% and a return on equity of 5.03%.

MMLP has been the subject of several analyst reports. Zacks Investment Research downgraded Martin Midstream Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 26th. BidaskClub upgraded Martin Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. ValuEngine upgraded Martin Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Monday, October 22nd. Finally, Raymond James dropped their target price on Martin Midstream Partners from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.83.

MMLP traded down $0.16 on Wednesday, hitting $11.13. 125,886 shares of the company traded hands, compared to its average volume of 192,588. The company has a quick ratio of 1.03, a current ratio of 2.28 and a debt-to-equity ratio of 2.45. The company has a market cap of $414.17 million, a PE ratio of 25.30, a P/E/G ratio of 50.18 and a beta of 1.03. Martin Midstream Partners has a 12-month low of $10.25 and a 12-month high of $16.95.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 17.97%. The ex-dividend date of this dividend was Tuesday, November 6th. Martin Midstream Partners’s payout ratio is 454.55%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PVG Asset Management Corp lifted its position in Martin Midstream Partners by 38.8% during the 3rd quarter. PVG Asset Management Corp now owns 63,710 shares of the pipeline company’s stock worth $739,000 after acquiring an additional 17,810 shares during the last quarter. GSA Capital Partners LLP lifted its position in Martin Midstream Partners by 47.3% during the 3rd quarter. GSA Capital Partners LLP now owns 159,042 shares of the pipeline company’s stock worth $1,845,000 after acquiring an additional 51,077 shares during the last quarter. Advisory Research Inc. lifted its position in Martin Midstream Partners by 4.2% during the 3rd quarter. Advisory Research Inc. now owns 567,620 shares of the pipeline company’s stock worth $6,584,000 after acquiring an additional 22,625 shares during the last quarter. Rational Advisors LLC lifted its position in Martin Midstream Partners by 38.8% during the 3rd quarter. Rational Advisors LLC now owns 63,710 shares of the pipeline company’s stock worth $739,000 after acquiring an additional 17,810 shares during the last quarter. Finally, ING Groep NV acquired a new position in Martin Midstream Partners during the 3rd quarter worth $457,000. Institutional investors own 27.86% of the company’s stock.

About Martin Midstream Partners

Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 22 marine shore-based terminal facilities and 16 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products.

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

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