Somewhat Positive News Coverage Somewhat Unlikely to Impact Macquarie Infrastructure (MIC) Share Price
Media headlines about Macquarie Infrastructure (NYSE:MIC) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Macquarie Infrastructure earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the conglomerate an impact score of 46.8936245867952 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Macquarie Infrastructure (NYSE:MIC) opened at 72.89 on Monday. The company’s 50 day moving average price is $75.11 and its 200 day moving average price is $77.77. The stock has a market capitalization of $6.03 billion, a P/E ratio of 35.04 and a beta of 0.92. Macquarie Infrastructure has a one year low of $71.23 and a one year high of $85.45.
Macquarie Infrastructure (NYSE:MIC) last issued its quarterly earnings data on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.26. The company had revenue of $438.99 million for the quarter, compared to analyst estimates of $416.50 million. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. On average, equities analysts expect that Macquarie Infrastructure will post $1.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Thursday, August 10th. This is an increase from Macquarie Infrastructure’s previous quarterly dividend of $1.32. This represents a $5.52 annualized dividend and a yield of 7.57%. Macquarie Infrastructure’s dividend payout ratio (DPR) is 255.56%.
MIC has been the topic of a number of research reports. Zacks Investment Research upgraded Macquarie Infrastructure from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Tuesday, July 18th. Barclays PLC downgraded Macquarie Infrastructure from an “overweight” rating to a “hold” rating and cut their price objective for the stock from $89.00 to $83.00 in a report on Tuesday, July 18th. Finally, BidaskClub upgraded Macquarie Infrastructure from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $88.75.
Macquarie Infrastructure Company Profile
Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.
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