Brokerages Expect Martin Midstream Partners L.P. (MMLP) to Post $0.22 Earnings Per Share

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Brokerages expect Martin Midstream Partners L.P. (NASDAQ:MMLP) to announce earnings of $0.22 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Martin Midstream Partners’ earnings, with estimates ranging from $0.19 to $0.25. Martin Midstream Partners reported earnings per share of $0.48 in the same quarter last year, which would indicate a negative year over year growth rate of 54.2%. The business is expected to report its next quarterly earnings results on Wednesday, February 13th.

On average, analysts expect that Martin Midstream Partners will report full year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from $0.12 to $0.14. For the next fiscal year, analysts expect that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.60 to $0.88. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Martin Midstream Partners.

Martin Midstream Partners (NASDAQ:MMLP) last posted its quarterly earnings results on Wednesday, October 24th. The pipeline company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.18). The business had revenue of $219.05 million during 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%.

Several analysts have commented on MMLP shares. BidaskClub upgraded Martin Midstream Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 2nd. Raymond James lowered their price target on Martin Midstream Partners from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Zacks Investment Research upgraded Martin Midstream Partners from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, October 31st. Royal Bank of Canada restated a “hold” rating and issued a $17.00 price target on shares of Martin Midstream Partners in a report on Monday, July 16th. Finally, ValuEngine upgraded Martin Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.83.

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its holdings in shares of Martin Midstream Partners by 198.2% during the 2nd quarter. GSA Capital Partners LLP now owns 107,965 shares of the pipeline company’s stock worth $1,490,000 after purchasing an additional 71,765 shares during the period. PVG Asset Management Corp grew its holdings in shares of Martin Midstream Partners by 35.8% during the 2nd quarter. PVG Asset Management Corp now owns 45,900 shares of the pipeline company’s stock worth $633,000 after purchasing an additional 12,100 shares during the period. Rational Advisors LLC grew its holdings in shares of Martin Midstream Partners by 35.8% during the 2nd quarter. Rational Advisors LLC now owns 45,900 shares of the pipeline company’s stock worth $633,000 after purchasing an additional 12,100 shares during the period. OppenheimerFunds Inc. grew its holdings in shares of Martin Midstream Partners by 1.6% during the 2nd quarter. OppenheimerFunds Inc. now owns 6,546,670 shares of the pipeline company’s stock worth $90,345,000 after purchasing an additional 101,718 shares during the period. Finally, Endurance Wealth Management Inc. grew its holdings in shares of Martin Midstream Partners by 106.1% during the 2nd quarter. Endurance Wealth Management Inc. now owns 13,600 shares of the pipeline company’s stock worth $188,000 after purchasing an additional 7,000 shares during the period. Institutional investors and hedge funds own 28.91% of the company’s stock.

MMLP traded up $0.17 during midday trading on Monday, hitting $12.52. The company’s stock had a trading volume of 205,299 shares, compared to its average volume of 223,408. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.28 and a quick ratio of 1.03. The stock has a market capitalization of $487.95 million, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 55.56 and a beta of 1.05. Martin Midstream Partners has a 52-week low of $10.65 and a 52-week high of $16.95.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 15.97%. The ex-dividend date of this dividend is Tuesday, November 6th. Martin Midstream Partners’s dividend payout ratio (DPR) is 454.55%.

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 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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