Macquarie Infrastructure (MIC) Scheduled to Post Earnings on Monday

Macquarie Infrastructure (NYSE:MIC) is scheduled to release its earnings data after the market closes on Monday, February 19th. Analysts expect Macquarie Infrastructure to post earnings of $0.52 per share for the quarter.

Shares of Macquarie Infrastructure (NYSE MIC) opened at $62.81 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 1.11. Macquarie Infrastructure has a 12-month low of $61.55 and a 12-month high of $81.74. The firm has a market cap of $5,311.47, a PE ratio of 29.49 and a beta of 0.87.

In related news, Director Norman H. Brown, Jr. sold 2,151 shares of Macquarie Infrastructure stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $66.07, for a total transaction of $142,116.57. Following the completion of the transaction, the director now directly owns 46,925 shares of the company’s stock, valued at approximately $3,100,334.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Norman H. Brown, Jr. sold 1,732 shares of Macquarie Infrastructure stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $65.87, for a total transaction of $114,086.84. Following the transaction, the director now directly owns 49,076 shares of the company’s stock, valued at $3,232,636.12. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

Several brokerages have recently weighed in on MIC. Zacks Investment Research lowered shares of Macquarie Infrastructure from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. SunTrust Banks decreased their target price on shares of Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $83.75.

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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 for Macquarie Infrastructure (NYSE:MIC)

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