Martin Midstream Partners (NASDAQ:MMLP) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Martin Midstream Partners (NASDAQ:MMLP) announced its quarterly earnings data on Wednesday. The pipeline company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.05), Zacks reports. The company had revenue of $170.93 million during the quarter, compared to the consensus estimate of $176.43 million. Martin Midstream Partners had a net margin of 0.90% and a negative return on equity of 10.46%. During the same quarter in the previous year, the business earned ($0.03) EPS.

Martin Midstream Partners Stock Performance

MMLP traded down $0.04 on Thursday, reaching $3.96. The company had a trading volume of 24,795 shares, compared to its average volume of 76,594. The stock has a market cap of $154.44 million, a P/E ratio of 44.44 and a beta of 2.12. Martin Midstream Partners has a fifty-two week low of $2.04 and a fifty-two week high of $4.13. The company’s fifty day moving average is $3.68 and its 200 day moving average is $3.33.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Martin Midstream Partners in a research note on Tuesday. They issued a “buy” rating for the company.

Martin Midstream Partners Company Profile

Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.