Martin Midstream Partners (NASDAQ:MMLP) Posts Earnings Results, Misses Expectations By $0.05 EPS

Martin Midstream Partners (NASDAQ:MMLP) issued its quarterly earnings results on Wednesday. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05), Zacks reports. Martin Midstream Partners had a net margin of 0.90% and a negative return on equity of 10.46%. The company had revenue of $170.93 million during the quarter, compared to analysts’ expectations of $176.43 million. During the same period in the prior year, the business posted ($0.03) earnings per share.

Martin Midstream Partners Stock Down 1.0 %

NASDAQ:MMLP traded down $0.04 during trading hours on Thursday, reaching $3.96. 27,491 shares of the stock were exchanged, compared to its average volume of 76,607. Martin Midstream Partners has a twelve month low of $2.04 and a twelve month high of $4.13. The business has a 50-day moving average of $3.68 and a two-hundred day moving average of $3.33. The company has a market capitalization of $154.44 million, a price-to-earnings ratio of 44.11 and a beta of 2.12.

Wall Street Analyst Weigh In

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

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.