Macquarie Infrastructure Company (NYSE:MIC) will be issuing its quarterly earnings data after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.58 per share for the quarter.

Macquarie Infrastructure Company (NYSE:MIC) traded up 0.70% during midday trading on Thursday, reaching $76.27. 183,312 shares of the company’s stock were exchanged. Macquarie Infrastructure Company has a 12-month low of $73.24 and a 12-month high of $85.45. The stock’s 50-day moving average is $77.23 and its 200-day moving average is $78.71. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 38.06 and a beta of 0.93.

MIC has been the topic of a number of research reports. Zacks Investment Research lowered shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, April 15th. BidaskClub upgraded shares of Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Barclays PLC lowered shares of 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 research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Macquarie Infrastructure currently has a consensus rating of “Hold” and an average price target of $88.75.

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About Macquarie Infrastructure

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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