Macquarie Infrastructure Company (NYSE:MIC) – Equities researchers at SunTrust Banks boosted their Q4 2017 EPS estimates for shares of Macquarie Infrastructure in a research note issued to investors on Thursday. SunTrust Banks analyst T. Richardson now forecasts that the conglomerate will post earnings of $0.67 per share for the quarter, up from their prior forecast of $0.66. SunTrust Banks also issued estimates for Macquarie Infrastructure’s Q1 2018 earnings at $0.79 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.70 EPS and FY2018 earnings at $2.90 EPS.

Macquarie Infrastructure (NYSE:MIC) last released its quarterly earnings data on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.26. The company had revenue of $438.99 million for the quarter, compared to analyst estimates of $416.50 million. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%.

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MIC has been the topic of several other reports. Zacks Investment Research downgraded 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 report on Tuesday, June 27th. Finally, Barclays PLC cut shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and cut their price target for the company from $89.00 to $83.00 in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Macquarie Infrastructure presently has an average rating of “Hold” and a consensus price target of $88.75.

Several hedge funds and other institutional investors have recently made changes to their positions in MIC. Vanguard Group Inc. increased its position in shares of Macquarie Infrastructure by 9.5% in the first quarter. Vanguard Group Inc. now owns 6,313,859 shares of the conglomerate’s stock worth $508,770,000 after buying an additional 545,647 shares during the period. RidgeWorth Capital Management LLC increased its position in Macquarie Infrastructure by 99.2% in the first quarter. RidgeWorth Capital Management LLC now owns 765,525 shares of the conglomerate’s stock valued at $61,686,000 after buying an additional 381,175 shares during the last quarter. Macquarie Group Ltd. increased its position in Macquarie Infrastructure by 7.9% in the first quarter. Macquarie Group Ltd. now owns 4,891,320 shares of the conglomerate’s stock valued at $394,143,000 after buying an additional 356,949 shares during the last quarter. Janus Capital Management LLC increased its position in Macquarie Infrastructure by 685.6% in the first quarter. Janus Capital Management LLC now owns 369,225 shares of the conglomerate’s stock valued at $29,752,000 after buying an additional 322,225 shares during the last quarter. Finally, State Street Corp increased its position in Macquarie Infrastructure by 18.2% in the first quarter. State Street Corp now owns 1,749,011 shares of the conglomerate’s stock valued at $140,932,000 after buying an additional 269,761 shares during the last quarter. Institutional investors own 86.02% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 14th will be paid a dividend of $1.38 per share. The ex-dividend date is Thursday, August 10th. This is an increase from Macquarie Infrastructure’s previous quarterly dividend of $1.32. This represents a $5.52 dividend on an annualized basis and a dividend yield of 7.25%. Macquarie Infrastructure’s payout ratio is 244.45%.

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 and Estimates for Macquarie Infrastructure (NYSE:MIC)

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