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.

Earnings History for Macquarie Infrastructure (NYSE:MIC)

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