Analysts Anticipate Martin Midstream Partners L.P. (MMLP) Will Post Earnings of $0.36 Per Share

Equities research analysts forecast that Martin Midstream Partners L.P. (NASDAQ:MMLP) will report earnings of $0.36 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Martin Midstream Partners’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.53. Martin Midstream Partners reported earnings per share of $0.49 during the same quarter last year, which would indicate a negative year-over-year growth rate of 26.5%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that Martin Midstream Partners will report full year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.78. For the next financial year, analysts forecast that the firm will report earnings of $0.78 per share, with EPS estimates ranging from $0.47 to $1.08. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Martin Midstream Partners.

Several analysts have recently commented on MMLP shares. Zacks Investment Research lowered shares of Martin Midstream Partners from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Stifel Nicolaus lowered their price target on shares of Martin Midstream Partners from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, October 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $18.00 price target on shares of Martin Midstream Partners in a research report on Friday, October 27th. B. Riley reiterated a “buy” rating and issued a $18.00 price target on shares of Martin Midstream Partners in a research report on Monday, December 18th. Finally, BidaskClub upgraded shares of Martin Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.33.

In other news, insider Ruben S. Martin bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $13.61 per share, for a total transaction of $68,050.00. Following the completion of the transaction, the insider now owns 140,598 shares in the company, valued at $1,913,538.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert D. Bondurant purchased 2,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $13.58 per share, for a total transaction of $27,160.00. Following the purchase, the chief financial officer now owns 39,314 shares of the company’s stock, valued at $533,884.12. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 8,079 shares of company stock worth $110,178. 17.00% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Martin Midstream Partners by 192.5% during the second quarter. The Manufacturers Life Insurance Company now owns 9,543 shares of the pipeline company’s stock worth $167,000 after purchasing an additional 6,280 shares during the period. Stephens Inc. AR raised its stake in Martin Midstream Partners by 6.5% during the second quarter. Stephens Inc. AR now owns 28,733 shares of the pipeline company’s stock worth $504,000 after purchasing an additional 1,754 shares during the period. CNH Partners LLC raised its stake in Martin Midstream Partners by 62.3% during the second quarter. CNH Partners LLC now owns 30,468 shares of the pipeline company’s stock worth $535,000 after purchasing an additional 11,700 shares during the period. Royal Bank of Canada raised its stake in Martin Midstream Partners by 1.9% during the second quarter. Royal Bank of Canada now owns 32,617 shares of the pipeline company’s stock worth $573,000 after purchasing an additional 602 shares during the period. Finally, Arrow Investment Advisors LLC raised its stake in Martin Midstream Partners by 14.9% during the third quarter. Arrow Investment Advisors LLC now owns 41,684 shares of the pipeline company’s stock worth $648,000 after purchasing an additional 5,393 shares during the period. 31.17% of the stock is currently owned by institutional investors.

Shares of Martin Midstream Partners (NASDAQ:MMLP) traded up $0.10 on Wednesday, reaching $14.70. 120,100 shares of the company’s stock traded hands, compared to its average volume of 126,833. The company has a quick ratio of 0.86, a current ratio of 2.04 and a debt-to-equity ratio of 2.78. Martin Midstream Partners has a one year low of $12.70 and a one year high of $20.90. The firm has a market capitalization of $565.17, a price-to-earnings ratio of 31.96 and a beta of 1.49.

TRADEMARK VIOLATION NOTICE: “Analysts Anticipate Martin Midstream Partners L.P. (MMLP) Will Post Earnings of $0.36 Per Share” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2018/01/10/analysts-anticipate-martin-midstream-partners-l-p-mmlp-will-post-earnings-of-0-36-per-share.html.

About Martin Midstream Partners

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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