Martin Midstream Partners L.P. (NASDAQ:MMLP) to Post FY2024 Earnings of $0.14 Per Share, Sidoti Csr Forecasts

Martin Midstream Partners L.P. (NASDAQ:MMLP) – Analysts at Sidoti Csr upped their FY2024 earnings per share estimates for shares of Martin Midstream Partners in a research report issued on Monday, April 22nd. Sidoti Csr analyst K. May now forecasts that the pipeline company will earn $0.14 per share for the year, up from their prior forecast of $0.10. The consensus estimate for Martin Midstream Partners’ current full-year earnings is $0.14 per share. Sidoti Csr also issued estimates for Martin Midstream Partners’ Q4 2024 earnings at ($0.02) EPS and FY2025 earnings at $0.22 EPS.

Separately, StockNews.com initiated coverage on Martin Midstream Partners in a research note on Wednesday, April 17th. They set a “strong-buy” rating for the company.

Martin Midstream Partners Stock Performance

NASDAQ MMLP opened at $2.66 on Wednesday. The stock has a fifty day moving average of $2.55 and a 200-day moving average of $2.46. The stock has a market capitalization of $103.74 million, a P/E ratio of 29.67 and a beta of 2.12. Martin Midstream Partners has a 52 week low of $1.95 and a 52 week high of $3.30.

Martin Midstream Partners (NASDAQ:MMLP) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $181.10 million for the quarter, compared to analyst estimates of $177.85 million. Martin Midstream Partners had a negative return on equity of 5.91% and a net margin of 0.52%.

Institutional Trading of Martin Midstream Partners

A number of institutional investors have recently modified their holdings of MMLP. American National Bank acquired a new position in Martin Midstream Partners during the first quarter worth approximately $35,000. Victory Capital Management Inc. increased its position in Martin Midstream Partners by 33.6% during the fourth quarter. Victory Capital Management Inc. now owns 29,793 shares of the pipeline company’s stock worth $72,000 after buying an additional 7,500 shares during the last quarter. Finally, Raymond James & Associates increased its position in Martin Midstream Partners by 3.3% during the third quarter. Raymond James & Associates now owns 606,758 shares of the pipeline company’s stock worth $1,687,000 after buying an additional 19,194 shares during the last quarter. 34.90% of the stock is currently owned by institutional investors.

Martin Midstream Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.02 annualized dividend and a yield of 0.75%. Martin Midstream Partners’s dividend payout ratio is presently 22.22%.

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.