$15.55 Million in Sales Expected for Landmark Infrastructure Partners LP (LMRK) This Quarter

Equities research analysts expect Landmark Infrastructure Partners LP (NASDAQ:LMRK) to report $15.55 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Landmark Infrastructure Partners’ earnings. The highest sales estimate is $17.44 million and the lowest is $14.50 million. Landmark Infrastructure Partners reported sales of $11.81 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 31.7%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Landmark Infrastructure Partners will report full-year sales of $15.55 million for the current year, with estimates ranging from $52.64 million to $55.94 million. For the next financial year, analysts forecast that the company will post sales of $69.97 million per share, with estimates ranging from $65.95 million to $72.48 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Landmark Infrastructure Partners.

Landmark Infrastructure Partners (NASDAQ:LMRK) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Landmark Infrastructure Partners had a return on equity of 9.79% and a net margin of 27.47%.

A number of research firms have recently issued reports on LMRK. Zacks Investment Research upgraded Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 price objective on shares of Landmark Infrastructure Partners in a report on Tuesday, November 7th. B. Riley reiterated a “buy” rating on shares of Landmark Infrastructure Partners in a report on Thursday, November 2nd. Finally, BidaskClub upgraded Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $18.50.

Landmark Infrastructure Partners (NASDAQ LMRK) traded down $0.10 during trading on Friday, reaching $18.05. The company had a trading volume of 37,997 shares, compared to its average volume of 36,699. Landmark Infrastructure Partners has a twelve month low of $14.20 and a twelve month high of $18.75. The company has a debt-to-equity ratio of 2.88, a quick ratio of 3.93 and a current ratio of 3.93. The stock has a market capitalization of $359.10, a PE ratio of 32.23 and a beta of 0.41.

In other news, insider Arthur P. Brazy, Jr. acquired 6,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $17.04 per share, for a total transaction of $102,240.00. Following the acquisition, the insider now owns 80,181 shares of the company’s stock, valued at $1,366,284.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Atlantic Trust LLC purchased a new stake in Landmark Infrastructure Partners during the 3rd quarter valued at about $1,261,000. Green Square Capital LLC boosted its holdings in Landmark Infrastructure Partners by 0.7% during the 3rd quarter. Green Square Capital LLC now owns 1,025,873 shares of the financial services provider’s stock valued at $17,389,000 after acquiring an additional 7,006 shares during the period. Janus Henderson Group PLC purchased a new stake in Landmark Infrastructure Partners during the 3rd quarter valued at about $426,000. Wells Fargo & Company MN boosted its holdings in Landmark Infrastructure Partners by 127.1% during the 3rd quarter. Wells Fargo & Company MN now owns 7,951 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 4,450 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in Landmark Infrastructure Partners during the 3rd quarter valued at about $788,000. Hedge funds and other institutional investors own 28.50% of the company’s stock.

WARNING: This report was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/01/20/15-55-million-in-sales-expected-for-landmark-infrastructure-partners-lp-lmrk-this-quarter.html.

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.

Get a free copy of the Zacks research report on Landmark Infrastructure Partners (LMRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Landmark Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landmark Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply