Macquarie Infrastructure (MIC) to Release Quarterly Earnings on Monday

Macquarie Infrastructure (NYSE:MIC) is scheduled to issue its quarterly earnings data after the market closes on Monday, August 3rd. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Macquarie Infrastructure (NYSE:MIC) last issued its quarterly earnings data on Tuesday, May 5th. The conglomerate reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). The business had revenue of $416.00 million during the quarter, compared to the consensus estimate of $457.60 million. Macquarie Infrastructure had a net margin of 5.84% and a return on equity of 12.51%. On average, analysts expect Macquarie Infrastructure to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NYSE MIC opened at $29.96 on Friday. The company has a 50 day simple moving average of $30.72 and a 200 day simple moving average of $32.26. The firm has a market cap of $2.60 billion, a PE ratio of 26.51 and a beta of 1.50. Macquarie Infrastructure has a 1 year low of $12.50 and a 1 year high of $45.93. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.79 and a quick ratio of 2.74.

MIC has been the subject of a number of research reports. SunTrust Banks upgraded shares of Macquarie Infrastructure from a “hold” rating to a “buy” rating and raised their price objective for the company from $34.00 to $42.00 in a report on Wednesday, June 10th. Wells Fargo & Co lowered shares of Macquarie Infrastructure from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a report on Friday, June 5th. Finally, ValuEngine upgraded shares of Macquarie Infrastructure from a “strong sell” rating to a “sell” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Macquarie Infrastructure presently has an average rating of “Hold” and an average price target of $45.29.

About Macquarie Infrastructure

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada.

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Earnings History for Macquarie Infrastructure (NYSE:MIC)

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