Macquarie Infrastructure Company (MIC) to Release Earnings on Wednesday
Macquarie Infrastructure Company (NYSE:MIC) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 1st. Analysts expect Macquarie Infrastructure to post earnings of $0.70 per share for the quarter.
Macquarie Infrastructure (NYSE:MIC) last posted its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.26). The business had revenue of $438.99 million during the quarter, compared to analysts’ expectations of $416.50 million. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. On average, analysts expect Macquarie Infrastructure to post $1.86 EPS for the current fiscal year and $2.62 EPS for the next fiscal year.
Macquarie Infrastructure Company (MIC) opened at 69.96 on Tuesday. The stock has a 50 day moving average of $72.29 and a 200 day moving average of $75.75. The stock has a market capitalization of $5.78 billion, a P/E ratio of 33.63 and a beta of 0.88. Macquarie Infrastructure Company has a 1-year low of $68.49 and a 1-year high of $85.45.
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A number of equities research analysts recently commented on the stock. BidaskClub cut shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Barclays PLC cut shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and lowered their price objective for the company from $89.00 to $83.00 in a research note on Tuesday, July 18th. Finally, Zacks Investment Research cut shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $88.00.
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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