Capital One Financial Brokers Lower Earnings Estimates for Martin Midstream Partners L.P. (NASDAQ:MMLP)

Martin Midstream Partners L.P. (NASDAQ:MMLP) – Research analysts at Capital One Financial cut their Q1 2019 earnings per share (EPS) estimates for shares of Martin Midstream Partners in a research report issued to clients and investors on Thursday, October 25th, Zacks Investment Research reports. Capital One Financial analyst K. May now anticipates that the pipeline company will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.37.

Martin Midstream Partners (NASDAQ:MMLP) last issued its quarterly earnings data on Wednesday, October 24th. The pipeline company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.18). Martin Midstream Partners had a net margin of 6.19% and a return on equity of 5.03%. The business had revenue of $219.05 million for the quarter, compared to the consensus estimate of $226.83 million.

Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of Martin Midstream Partners from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Zacks Investment Research raised shares of Martin Midstream Partners from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, October 31st. ValuEngine raised shares of Martin Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Raymond James cut their price objective on shares of Martin Midstream Partners from $17.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.83.

Shares of MMLP stock traded up $0.53 during mid-day trading on Monday, reaching $11.04. 206,406 shares of the company’s stock traded hands, compared to its average volume of 284,824. Martin Midstream Partners has a 12 month low of $10.25 and a 12 month high of $16.95. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.28 and a quick ratio of 1.03. The company has a market cap of $410.27 million, a price-to-earnings ratio of 25.09, a PEG ratio of 46.71 and a beta of 1.05.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Wednesday, November 7th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 18.12%. The ex-dividend date was Tuesday, November 6th. Martin Midstream Partners’s dividend payout ratio (DPR) is 454.55%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Endurance Wealth Management Inc. lifted its stake in shares of Martin Midstream Partners by 106.1% during the 2nd quarter. Endurance Wealth Management Inc. now owns 13,600 shares of the pipeline company’s stock valued at $188,000 after buying an additional 7,000 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Martin Midstream Partners by 26.4% during the 2nd quarter. Bank of America Corp DE now owns 31,454 shares of the pipeline company’s stock valued at $434,000 after buying an additional 6,564 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Martin Midstream Partners during the 3rd quarter valued at $449,000. ING Groep NV purchased a new position in shares of Martin Midstream Partners during the 3rd quarter valued at $457,000. Finally, California Public Employees Retirement System lifted its stake in shares of Martin Midstream Partners by 10.8% during the 2nd quarter. California Public Employees Retirement System now owns 43,226 shares of the pipeline company’s stock valued at $597,000 after buying an additional 4,226 shares in the last quarter. Institutional investors own 31.23% of the company’s stock.

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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