Wall Street analysts forecast that Martin Midstream Partners L.P. (NASDAQ:MMLP) will report sales of $261.71 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Martin Midstream Partners’ earnings. The lowest sales estimate is $249.10 million and the highest is $282.93 million. Martin Midstream Partners posted sales of $253.33 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.3%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, April 25th.
On average, analysts expect that Martin Midstream Partners will report full year sales of $961.29 million for the current year, with estimates ranging from $895.00 million to $1.09 billion. For the next fiscal year, analysts forecast that the business will post sales of $976.08 million per share, with estimates ranging from $878.03 million to $1.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Martin Midstream Partners.
Martin Midstream Partners (NASDAQ:MMLP) last announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.14. The company had revenue of $305.74 million during the quarter, compared to analyst estimates of $237.22 million. Martin Midstream Partners had a return on equity of 8.09% and a net margin of 1.77%.
Hedge funds have recently bought and sold shares of the company. Center Coast Capital Advisors LP grew its stake in Martin Midstream Partners by 0.4% during the 4th quarter. Center Coast Capital Advisors LP now owns 1,967,867 shares of the pipeline company’s stock valued at $27,550,000 after purchasing an additional 8,422 shares in the last quarter. Brookfield Asset Management Inc. acquired a new stake in Martin Midstream Partners during the 4th quarter valued at approximately $27,550,000. First Trust Advisors LP acquired a new stake in Martin Midstream Partners during the 4th quarter valued at approximately $9,132,000. Goldman Sachs Group Inc. grew its stake in Martin Midstream Partners by 107.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 566,172 shares of the pipeline company’s stock valued at $7,926,000 after purchasing an additional 293,253 shares in the last quarter. Finally, Atlantic Trust Group LLC grew its stake in Martin Midstream Partners by 9.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 234,300 shares of the pipeline company’s stock valued at $3,643,000 after purchasing an additional 19,790 shares in the last quarter. Institutional investors and hedge funds own 36.58% of the company’s stock.
MMLP stock opened at $15.50 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.81 and a debt-to-equity ratio of 2.72. Martin Midstream Partners has a 1 year low of $12.70 and a 1 year high of $20.55. The stock has a market capitalization of $587.91, a PE ratio of 35.23, a P/E/G ratio of 7.45 and a beta of 1.50.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 8th will be paid a $0.50 dividend. The ex-dividend date is Monday, May 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.90%. Martin Midstream Partners’s dividend payout ratio (DPR) is currently 454.55%.
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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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