Analysts Anticipate Martin Midstream Partners L.P. (MMLP) to Announce $0.41 Earnings Per Share
Analysts expect Martin Midstream Partners L.P. (NASDAQ:MMLP) to report $0.41 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Martin Midstream Partners’ earnings, with estimates ranging from $0.31 to $0.54. Martin Midstream Partners posted earnings per share of $0.36 in the same quarter last year, which indicates a positive year-over-year growth rate of 13.9%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Martin Midstream Partners will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.59 to $0.84. For the next fiscal year, analysts forecast that the business will post earnings of $0.83 per share, with EPS estimates ranging from $0.64 to $0.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Martin Midstream Partners.
MMLP has been the subject of several research reports. BidaskClub raised shares of Martin Midstream Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 12th. B. Riley reissued a “buy” rating and set a $18.00 price objective on shares of Martin Midstream Partners in a research note on Monday, December 18th. Zacks Investment Research raised shares of Martin Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Stifel Nicolaus set a $15.00 price objective on shares of Martin Midstream Partners and gave the company a “hold” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.00.
Shares of Martin Midstream Partners (NASDAQ MMLP) traded up $0.05 during midday trading on Friday, hitting $13.80. 9,471 shares of the stock traded hands, compared to its average volume of 166,716. Martin Midstream Partners has a one year low of $12.70 and a one year high of $20.55. The stock has a market cap of $528.35, a PE ratio of 31.48 and a beta of 1.57. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.81 and a quick ratio of 1.08.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 14.49%. Martin Midstream Partners’s dividend payout ratio (DPR) is 454.55%.
Martin Midstream Partners Company Profile
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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