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

Martin Midstream Partners (NASDAQ:MMLP) is scheduled to announce its earnings results after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Martin Midstream Partners has set its Q1 guidance at -$0.09 EPS.

Martin Midstream Partners (NASDAQ:MMLP) last posted its earnings results on Wednesday, April 24th. The pipeline company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.31). Martin Midstream Partners had a negative return on equity of 10.10% and a net margin of 2.78%. The firm had revenue of $250.97 million for the quarter, compared to analysts’ expectations of $276.53 million. On average, analysts expect Martin Midstream Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MMLP stock opened at $6.87 on Tuesday. Martin Midstream Partners has a fifty-two week low of $6.03 and a fifty-two week high of $14.32. The stock’s 50 day moving average price is $6.78. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.36 and a quick ratio of 0.22. The stock has a market cap of $266.46 million, a P/E ratio of -36.16, a price-to-earnings-growth ratio of 6.88 and a beta of 1.09.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.56%. Martin Midstream Partners’s dividend payout ratio (DPR) is -526.32%.

A number of research analysts have weighed in on MMLP shares. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. BidaskClub downgraded Ames National from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Finally, TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $14.50.

In related news, CFO Robert D. Bondurant purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average price of $6.67 per share, for a total transaction of $66,700.00. Following the purchase, the chief financial officer now directly owns 78,101 shares of the company’s stock, valued at approximately $520,933.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Randall Tauscher purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average price of $6.81 per share, for a total transaction of $136,200.00. Following the purchase, the insider now directly owns 72,371 shares in the company, valued at $492,846.51. The disclosure for this purchase can be found here. Insiders have acquired a total of 42,497 shares of company stock worth $288,102 in the last quarter. Company insiders own 17.00% of the company’s stock.

Martin Midstream Partners Company Profile

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 19 marine shore-based terminal facilities and 14 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 for Martin Midstream Partners (NASDAQ:MMLP)

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