Wall Street analysts expect Martin Midstream Partners L.P. (NASDAQ:MMLP) to announce ($0.07) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Martin Midstream Partners L.P.’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.01). Martin Midstream Partners L.P. reported earnings of ($0.03) per share in the same quarter last year, which indicates a negative year over year growth rate of 133.3%. The firm is scheduled to report its next quarterly earnings report on Wednesday, October 25th.

On average, analysts expect that Martin Midstream Partners L.P. will report full-year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.54 to $0.79. For the next fiscal year, analysts forecast that the business will post earnings of $0.89 per share, with EPS estimates ranging from $0.58 to $1.17. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Martin Midstream Partners L.P..

Martin Midstream Partners L.P. (NASDAQ:MMLP) last released its earnings results on Wednesday, July 26th. The pipeline company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.07. The firm had revenue of $193.90 million for the quarter, compared to analysts’ expectations of $201.17 million. Martin Midstream Partners L.P. had a net margin of 3.67% and a return on equity of 9.62%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.14) earnings per share.

A number of analysts have recently commented on MMLP shares. Zacks Investment Research lowered shares of Martin Midstream Partners L.P. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Martin Midstream Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Robert W. Baird reiterated a “hold” rating and issued a $20.00 price target on shares of Martin Midstream Partners L.P. in a research note on Thursday, August 24th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price target on shares of Martin Midstream Partners L.P. in a research note on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Martin Midstream Partners L.P. presently has a consensus rating of “Hold” and an average price target of $21.00.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bollard Group LLC boosted its holdings in shares of Martin Midstream Partners L.P. by 0.3% in the second quarter. Bollard Group LLC now owns 63,708 shares of the pipeline company’s stock worth $1,118,000 after buying an additional 193 shares during the last quarter. Sippican Capital Advisors boosted its holdings in shares of Martin Midstream Partners L.P. by 1.8% in the second quarter. Sippican Capital Advisors now owns 28,120 shares of the pipeline company’s stock worth $494,000 after buying an additional 500 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Martin Midstream Partners L.P. by 1.9% in the second quarter. Royal Bank of Canada now owns 32,617 shares of the pipeline company’s stock worth $573,000 after buying an additional 602 shares during the last quarter. Creative Planning boosted its holdings in shares of Martin Midstream Partners L.P. by 33.8% in the second quarter. Creative Planning now owns 5,893 shares of the pipeline company’s stock worth $104,000 after buying an additional 1,490 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of Martin Midstream Partners L.P. by 6.5% in the second quarter. Stephens Inc. AR now owns 28,733 shares of the pipeline company’s stock worth $504,000 after buying an additional 1,754 shares during the last quarter. 31.80% of the stock is currently owned by institutional investors.

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About Martin Midstream Partners L.P.

Martin Midstream Partners L.P. is a limited partnership with a set of operations focused in the United States Gulf Coast region. The Company’s four business lines include terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; natural gas services, including liquids transportation and distribution services, and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products.

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Earnings History and Estimates for Martin Midstream Partners L.P. (NASDAQ:MMLP)

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