Martin Midstream Partners (MMLP) Scheduled to Post Earnings on Wednesday

Posted by on Apr 12th, 2023

Martin Midstream Partners (NASDAQ:MMLP – Get Rating) will announce its earnings results after the market closes on Wednesday, April 19th. Investors interested in participating in the company’s conference call can do so using this link.

Martin Midstream Partners (NASDAQ:MMLP – Get Rating) last announced its earnings results on Wednesday, February 15th. The pipeline company reported ($0.01) earnings per share for the quarter. The company had revenue of $243.38 million during the quarter. Martin Midstream Partners had a negative net margin of 1.01% and a negative return on equity of 16.53%.

Martin Midstream Partners Price Performance

MMLP opened at $2.59 on Wednesday. The business has a 50 day simple moving average of $2.69 and a 200-day simple moving average of $3.05. The stock has a market capitalization of $100.80 million, a P/E ratio of -9.96 and a beta of 2.02. Martin Midstream Partners has a 12 month low of $2.39 and a 12 month high of $5.98.

Martin Midstream Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Stockholders of record on Tuesday, February 7th were issued a $0.005 dividend. The ex-dividend date of this dividend was Monday, February 6th. This represents a $0.02 annualized dividend and a dividend yield of 0.77%. Martin Midstream Partners’s dividend payout ratio is currently -7.69%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Martin Midstream Partners from a “buy” rating to a “hold” rating in a report on Monday, March 13th.

Institutional Trading of Martin Midstream Partners

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in Martin Midstream Partners during the third quarter worth $39,000. Jane Street Group LLC acquired a new position in Martin Midstream Partners during the fourth quarter worth $43,000. HighTower Advisors LLC raised its holdings in Martin Midstream Partners by 59.8% during the fourth quarter. HighTower Advisors LLC now owns 16,072 shares of the pipeline company’s stock worth $48,000 after purchasing an additional 6,016 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Martin Midstream Partners during the fourth quarter worth $67,000. Finally, Acadian Asset Management LLC acquired a new position in Martin Midstream Partners during the first quarter worth $140,000. 34.96% of the stock is owned by institutional investors and hedge funds.

About Martin Midstream Partners

(Get Rating)

Martin Midstream Partners LP engages in a diverse set of operations focused primarily in the United States Gulf Coast region. It operates through the following segments: Terminalling and Storage, Transportation, Sulfur Services, and Natural Gas Liquids. The Terminalling and Storage segment offers storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of various grades and quantities of industrial, commercial, and automotive lubricants and greases.

Featured Stories

Earnings History for Martin Midstream Partners (NASDAQ:MMLP)

Receive News & Ratings for Martin Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.