Sidoti Csr Research Analysts Boost Earnings Estimates for Martin Midstream Partners L.P. (NASDAQ:MMLP)

Martin Midstream Partners L.P. (NASDAQ:MMLP) – Analysts at Sidoti Csr lifted their FY2024 EPS estimates for shares of Martin Midstream Partners in a report issued on Monday, April 22nd. Sidoti Csr analyst K. May now anticipates that the pipeline company will post earnings of $0.14 per share for the year, up from their previous forecast of $0.10. The consensus estimate for Martin Midstream Partners’ current full-year earnings is $0.10 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 started coverage on Martin Midstream Partners in a research report on Wednesday, April 17th. They set a “strong-buy” rating on the stock.

Martin Midstream Partners Stock Up 5.0 %

Shares of Martin Midstream Partners stock opened at $2.73 on Wednesday. Martin Midstream Partners has a twelve month low of $1.95 and a twelve month high of $3.30. The business has a 50-day moving average price of $2.54 and a 200 day moving average price of $2.46. The firm has a market cap of $106.47 million, a PE ratio of 30.00 and a beta of 2.12.

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

Martin Midstream Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th will be given a $0.005 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.02 annualized dividend and a dividend yield of 0.73%. Martin Midstream Partners’s dividend payout ratio (DPR) is presently 22.22%.

Institutional Investors Weigh In On Martin Midstream Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in MMLP. American National Bank purchased a new stake in Martin Midstream Partners during the 1st quarter valued at about $35,000. Victory Capital Management Inc. raised its position in shares of Martin Midstream Partners by 33.6% during the 4th quarter. Victory Capital Management Inc. now owns 29,793 shares of the pipeline company’s stock valued at $72,000 after buying an additional 7,500 shares during the period. Finally, Raymond James & Associates lifted its holdings in Martin Midstream Partners by 3.3% in the third quarter. Raymond James & Associates now owns 606,758 shares of the pipeline company’s stock valued at $1,687,000 after acquiring an additional 19,194 shares during the last quarter. Institutional investors and hedge funds own 34.90% of the company’s stock.

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.