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

by · The Cerbat Gem

Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) posted its quarterly earnings results on Wednesday. The pipeline company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05), Zacks reports. The business had revenue of $170.93 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted ($0.03) earnings per share.

Martin Midstream Partners Trading Down 0.5 %

Shares of MMLP stock opened at $3.98 on Friday. The company has a market capitalization of $155.22 million, a P/E ratio of 44.22 and a beta of 2.12. Martin Midstream Partners has a 12-month low of $2.04 and a 12-month high of $4.13. The business’s 50 day moving average is $3.69 and its two-hundred day moving average is $3.33.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on Martin Midstream Partners

Martin Midstream Partners Company Profile

(Get Free Report)

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.

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