Landmark Infrastructure Partners LP (NASDAQ:LMRK) Expected to Post Quarterly Sales of $15.52 Million
Wall Street brokerages expect Landmark Infrastructure Partners LP (NASDAQ:LMRK) to post $15.52 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Landmark Infrastructure Partners’ earnings. The highest sales estimate is $17.11 million and the lowest is $14.60 million. Landmark Infrastructure Partners posted sales of $10.38 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 49.5%. The firm is expected to report its next earnings results on Thursday, November 2nd.
On average, analysts expect that Landmark Infrastructure Partners will report full year sales of $15.52 million for the current financial year, with estimates ranging from $56.40 million to $61.53 million. For the next financial year, analysts anticipate that the business will post sales of $73.88 million per share, with estimates ranging from $72.70 million to $74.68 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Landmark Infrastructure Partners.
Landmark Infrastructure Partners (NASDAQ:LMRK) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.02. Landmark Infrastructure Partners had a return on equity of 9.69% and a net margin of 26.38%. The business had revenue of $12.80 million during the quarter, compared to the consensus estimate of $13.63 million.
A number of brokerages have issued reports on LMRK. BidaskClub raised Landmark Infrastructure Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $17.00 target price on shares of Landmark Infrastructure Partners in a research note on Thursday, May 25th. Finally, FBR & Co set a $18.00 target price on Landmark Infrastructure Partners and gave the stock a “buy” rating in a research note on Saturday, May 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Landmark Infrastructure Partners presently has an average rating of “Buy” and a consensus target price of $17.67.
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In related news, insider Arthur P. Brazy, Jr. bought 7,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average cost of $15.88 per share, with a total value of $111,160.00. Following the purchase, the insider now directly owns 76,981 shares of the company’s stock, valued at $1,222,458.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider George P. Doyle bought 4,000 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was bought at an average cost of $15.95 per share, with a total value of $63,800.00. Following the completion of the purchase, the insider now directly owns 9,202 shares in the company, valued at $146,771.90. The disclosure for this purchase can be found here. 0.65% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of LMRK. Kayne Anderson Capital Advisors LP bought a new stake in shares of Landmark Infrastructure Partners during the second quarter worth about $200,000. Blair William & Co. IL increased its stake in shares of Landmark Infrastructure Partners by 5.2% in the second quarter. Blair William & Co. IL now owns 19,571 shares of the financial services provider’s stock worth $313,000 after buying an additional 971 shares during the period. A. D. Beadell Investment Counsel Inc. increased its stake in shares of Landmark Infrastructure Partners by 27.5% in the second quarter. A. D. Beadell Investment Counsel Inc. now owns 13,900 shares of the financial services provider’s stock worth $222,000 after buying an additional 3,000 shares during the period. US Bancorp DE bought a new stake in shares of Landmark Infrastructure Partners during the second quarter worth about $160,000. Finally, Orinda Asset Management LLC increased its stake in shares of Landmark Infrastructure Partners by 98.2% in the second quarter. Orinda Asset Management LLC now owns 84,813 shares of the financial services provider’s stock worth $1,357,000 after buying an additional 42,024 shares during the period. 21.07% of the stock is owned by institutional investors and hedge funds.
Shares of Landmark Infrastructure Partners (NASDAQ:LMRK) opened at 17.15 on Tuesday. The company has a 50-day moving average of $16.48 and a 200 day moving average of $15.73. The company has a market cap of $391.40 million, a PE ratio of 34.16 and a beta of 0.42. Landmark Infrastructure Partners has a 12 month low of $12.55 and a 12 month high of $18.44.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st will be paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, July 28th. This is an increase from Landmark Infrastructure Partners’s previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a dividend yield of 8.28%. Landmark Infrastructure Partners’s dividend payout ratio (DPR) is 262.96%.
About Landmark Infrastructure Partners
Landmark Infrastructure Partners LP is a master limited partnership formed to acquire, own and manage a portfolio of real property interests that it leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Company operates through three segments.
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