Equities analysts expect Martin Midstream Partners L.P. (NASDAQ:MMLP) to announce earnings per share (EPS) of ($0.08) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Martin Midstream Partners’ earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.14). Martin Midstream Partners posted earnings per share of ($0.18) in the same quarter last year, which suggests a positive year over year growth rate of 55.6%. The firm is expected to issue its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Martin Midstream Partners will report full-year earnings of $0.33 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.42. For the next year, analysts expect that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.56 to $0.93. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Martin Midstream Partners.

Martin Midstream Partners (NASDAQ:MMLP) last released its earnings results on Wednesday, July 25th. The pipeline company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.12). The business had revenue of $216.57 million during the quarter, compared to analyst estimates of $222.53 million. Martin Midstream Partners had a net margin of 0.77% and a return on equity of 5.89%.

Several equities analysts recently commented on MMLP shares. BidaskClub lowered Martin Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Royal Bank of Canada reiterated a “hold” rating and issued a $17.00 target price on shares of Martin Midstream Partners in a research note on Monday, July 16th. Finally, Zacks Investment Research upgraded Martin Midstream Partners from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, July 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $16.20.

A number of hedge funds have recently bought and sold shares of MMLP. OppenheimerFunds Inc. grew its position in Martin Midstream Partners by 1.6% during the second quarter. OppenheimerFunds Inc. now owns 6,546,670 shares of the pipeline company’s stock valued at $90,345,000 after acquiring an additional 101,718 shares during the period. GSA Capital Partners LLP grew its position in Martin Midstream Partners by 198.2% during the second quarter. GSA Capital Partners LLP now owns 107,965 shares of the pipeline company’s stock valued at $1,490,000 after acquiring an additional 71,765 shares during the period. Brookfield Asset Management Inc. grew its position in Martin Midstream Partners by 2.9% during the first quarter. Brookfield Asset Management Inc. now owns 2,025,324 shares of the pipeline company’s stock valued at $27,342,000 after acquiring an additional 57,457 shares during the period. Bollard Group LLC grew its position in Martin Midstream Partners by 246.7% during the first quarter. Bollard Group LLC now owns 54,950 shares of the pipeline company’s stock valued at $742,000 after acquiring an additional 39,100 shares during the period. Finally, Rational Advisors LLC purchased a new stake in Martin Midstream Partners during the first quarter valued at about $457,000. 28.78% of the stock is owned by hedge funds and other institutional investors.

Martin Midstream Partners stock traded down $0.10 during trading on Friday, hitting $11.20. The company’s stock had a trading volume of 140,100 shares, compared to its average volume of 165,463. The firm has a market capitalization of $449.10 million, a P/E ratio of 25.23, a PEG ratio of 17.25 and a beta of 1.51. Martin Midstream Partners has a 1-year low of $10.99 and a 1-year high of $17.30. The company has a current ratio of 1.88, a quick ratio of 0.86 and a debt-to-equity ratio of 3.14.

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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