Macquarie Infrastructure Company (NYSE:MIC) Set to Announce Quarterly Earnings on Wednesday
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.
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