Macquarie Infrastructure Company (MIC) Set to Announce Earnings on Wednesday
Macquarie Infrastructure Company (NYSE:MIC) will be posting its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Macquarie Infrastructure to post earnings of $0.70 per share for the quarter.
Macquarie Infrastructure (NYSE:MIC) last announced its earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.26). The company had revenue of $438.99 million for the quarter, compared to the consensus estimate of $416.50 million. Macquarie Infrastructure had a net margin of 10.12% and a return on equity of 5.71%. On average, analysts expect Macquarie Infrastructure to post $2.15 EPS for the current fiscal year and $3.03 EPS for the next fiscal year.
Shares of Macquarie Infrastructure Company (NYSE MIC) opened at 70.09 on Wednesday. The firm’s 50-day moving average price is $72.67 and its 200 day moving average price is $76.04. Macquarie Infrastructure Company has a 12 month low of $68.49 and a 12 month high of $85.45. The company has a market cap of $5.79 billion, a PE ratio of 33.70 and a beta of 0.88.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/25/macquarie-infrastructure-company-mic-set-to-announce-earnings-on-wednesday.html.
Several equities analysts have commented on MIC shares. Zacks Investment Research upgraded shares of Macquarie Infrastructure from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a research note on Wednesday, October 4th. BidaskClub downgraded shares of Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Barclays PLC downgraded shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and dropped their price target for the stock from $89.00 to $83.00 in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Macquarie Infrastructure presently has an average rating of “Buy” and a consensus target price of $88.00.
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.
Receive News & Ratings for Macquarie Infrastructure Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macquarie Infrastructure Company and related companies with MarketBeat.com's FREE daily email newsletter.