$14.48 Million in Sales Expected for Landmark Infrastructure Partners LP (LMRK) This Quarter
Wall Street brokerages predict that Landmark Infrastructure Partners LP (NASDAQ:LMRK) will post sales of $14.48 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Landmark Infrastructure Partners’ earnings. The highest sales estimate is $15.76 million and the lowest is $13.70 million. Landmark Infrastructure Partners reported sales of $10.38 million in the same quarter last year, which would indicate a positive year over year growth rate of 39.5%. The firm is expected to report its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Landmark Infrastructure Partners will report full year sales of $14.48 million for the current financial year, with estimates ranging from $53.50 million to $57.66 million. For the next year, analysts anticipate that the firm will report sales of $73.01 million per share, with estimates ranging from $72.60 million to $73.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Landmark Infrastructure Partners.
Landmark Infrastructure Partners (NASDAQ:LMRK) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). The business had revenue of $12.80 million during the quarter, compared to the consensus estimate of $13.63 million. Landmark Infrastructure Partners had a net margin of 26.38% and a return on equity of 9.69%.
Several analysts have weighed in on LMRK shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $17.00 price objective on shares of Landmark Infrastructure Partners in a research note on Thursday, May 25th. Zacks Investment Research upgraded shares of Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, BidaskClub upgraded shares of Landmark Infrastructure Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.33.
Hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE bought a new position in Landmark Infrastructure Partners in the 2nd quarter valued at about $160,000. Goldman Sachs Group Inc. bought a new position in Landmark Infrastructure Partners in the 1st quarter valued at about $165,000. Kayne Anderson Capital Advisors LP bought a new position in Landmark Infrastructure Partners in the 2nd quarter valued at about $200,000. Royal Bank of Canada increased its holdings in Landmark Infrastructure Partners by 16.4% in the 2nd quarter. Royal Bank of Canada now owns 13,400 shares of the financial services provider’s stock valued at $214,000 after buying an additional 1,885 shares during the period. Finally, A. D. Beadell Investment Counsel Inc. increased its holdings in Landmark Infrastructure Partners by 27.5% in the 2nd quarter. A. D. Beadell Investment Counsel Inc. now owns 13,900 shares of the financial services provider’s stock valued at $222,000 after buying an additional 3,000 shares during the period. 20.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Landmark Infrastructure Partners (NASDAQ:LMRK) opened at 16.75 on Thursday. The company has a market capitalization of $383.31 million, a PE ratio of 32.09 and a beta of 0.42. Landmark Infrastructure Partners has a 52 week low of $12.55 and a 52 week high of $18.32. The firm’s 50-day moving average is $16.80 and its 200 day moving average is $15.97.
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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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