NYSE:MIC - Macquarie Infrastructure Stock Price, News, & Analysis

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$40.78 -0.43 (-1.04 %)
(As of 05/23/2019 09:22 AM ET)
Previous Close$41.21
Today's Range$40.55 - $41.21
52-Week Range$33.71 - $47.74
Volume402,020 shs
Average Volume665,810 shs
Market Capitalization$3.51 billion
P/E Ratio19.24
Dividend Yield9.71%
Beta1.56
Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada. The Atlantic Aviation segment offers fuel delivery, de-icing, aircraft parking, aircraft cleaning and catering, and hangar rental services to owners/operators of jet aircraft, as well as for commercial, military, freight, and government aviation customers. The MIC Hawaii segment processes, distributes, and sells synthetic and renewable natural gas; and distributes and sells liquefied natural gas and petroleum gas to residential, commercial, hospitality, military, and wholesale customers, as well as to the public sector in Oahu, Hawaii, Maui, Kauai, Molokai, and Lanai. This segment's products are used in various commercial and residential applications, such as water heating, drying, cooking, emergency power generation, and other uses. The company was founded in 2004 and is based in New York, New York.

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Industry, Sector and Symbol

Industry Petroleum products, not elsewhere classified
Sub-IndustryN/A
SectorMulti-Sector Conglomerates
CUSIPN/A
Phone212-231-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.76 billion
Cash Flow$5.7762 per share
Book Value$36.10 per share

Profitability

Net Income$136.52 million

Miscellaneous

Employees3,313
Market Cap$3.51 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

Macquarie Infrastructure (NYSE:MIC) Frequently Asked Questions

What is Macquarie Infrastructure's stock symbol?

Macquarie Infrastructure trades on the New York Stock Exchange (NYSE) under the ticker symbol "MIC."

How often does Macquarie Infrastructure pay dividends? What is the dividend yield for Macquarie Infrastructure?

Macquarie Infrastructure declared a quarterly dividend on Thursday, May 2nd. Shareholders of record on Monday, May 13th will be given a dividend of $1.00 per share on Thursday, May 16th. This represents a $4.00 dividend on an annualized basis and a yield of 9.81%. The ex-dividend date of this dividend is Friday, May 10th. View Macquarie Infrastructure's Dividend History.

How were Macquarie Infrastructure's earnings last quarter?

Macquarie Infrastructure Corp (NYSE:MIC) issued its earnings results on Wednesday, August, 1st. The conglomerate reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. The conglomerate earned $478.08 million during the quarter, compared to analysts' expectations of $441.10 million. Macquarie Infrastructure had a net margin of 6.93% and a return on equity of 8.18%. View Macquarie Infrastructure's Earnings History.

When is Macquarie Infrastructure's next earnings date?

Macquarie Infrastructure is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Macquarie Infrastructure.

What price target have analysts set for MIC?

5 Wall Street analysts have issued 1-year price objectives for Macquarie Infrastructure's shares. Their predictions range from $40.00 to $60.00. On average, they anticipate Macquarie Infrastructure's stock price to reach $47.60 in the next year. This suggests a possible upside of 16.7% from the stock's current price. View Analyst Price Targets for Macquarie Infrastructure.

What is the consensus analysts' recommendation for Macquarie Infrastructure?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macquarie Infrastructure in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Macquarie Infrastructure.

Has Macquarie Infrastructure been receiving favorable news coverage?

Media coverage about MIC stock has trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Macquarie Infrastructure earned a news sentiment score of -3.8 on InfoTrie's scale. They also gave headlines about the conglomerate a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near future.

Who are some of Macquarie Infrastructure's key competitors?

What other stocks do shareholders of Macquarie Infrastructure own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Macquarie Infrastructure investors own include AT&T (T), Energy Transfer LP Unit (ET), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Cisco Systems (CSCO), Kinder Morgan (KMI), CVS Health (CVS), Starbucks (SBUX), Johnson & Johnson (JNJ) and Intel (INTC).

Who are Macquarie Infrastructure's key executives?

Macquarie Infrastructure's management team includes the folowing people:
  • Mr. Christopher Timothy Frost, CEO & Director (Age 50)
  • Mr. Liam Stewart, Chief Financial Officer (Age 41)
  • Mr. Robert Choi CPA, Principal Accounting Officer
  • Mr. Jay Davis, VP & Head of Investor Relations (Age 60)
  • Mr. Michael Kernan, Gen. Counsel & Sec. (Age 60)

Who are Macquarie Infrastructure's major shareholders?

Macquarie Infrastructure's stock is owned by a number of of retail and institutional investors. Top institutional investors include Macquarie Group Ltd. (14.83%), Dimensional Fund Advisors LP (3.91%), Goldman Sachs Group Inc. (1.50%), Renaissance Technologies LLC (1.34%), Gabelli Funds LLC (1.13%) and Geode Capital Management LLC (0.95%). Company insiders that own Macquarie Infrastructure stock include Christopher Frost, George W Carmany III, Group Ltd Macquarie, Henry E Lentz, Infrastructure Manag Macquarie, Jay Davis, Liam Stewart, Martin Stanley, Norman H Brown Jr and Ouma Sananikone. View Institutional Ownership Trends for Macquarie Infrastructure.

Which major investors are selling Macquarie Infrastructure stock?

MIC stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Goldman Sachs Group Inc., CIBC Private Wealth Group LLC, Frontier Capital Management Co. LLC, Charles Schwab Investment Management Inc., American Assets Capital Advisers LLC, Barnett & Company Inc. and Formula Growth Ltd.. View Insider Buying and Selling for Macquarie Infrastructure.

Which major investors are buying Macquarie Infrastructure stock?

MIC stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Renaissance Technologies LLC, Martingale Asset Management L P, Macquarie Group Ltd., Geode Capital Management LLC, Stephens Inc. AR, Great West Life Assurance Co. Can and Parametric Portfolio Associates LLC. Company insiders that have bought Macquarie Infrastructure stock in the last two years include Christopher Frost, George W Carmany III, Group Ltd Macquarie, Henry E Lentz, Infrastructure Manag Macquarie, Jay Davis, Liam Stewart, Martin Stanley and Ouma Sananikone. View Insider Buying and Selling for Macquarie Infrastructure.

How do I buy shares of Macquarie Infrastructure?

Shares of MIC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Macquarie Infrastructure's stock price today?

One share of MIC stock can currently be purchased for approximately $40.78.

How big of a company is Macquarie Infrastructure?

Macquarie Infrastructure has a market capitalization of $3.51 billion and generates $1.76 billion in revenue each year. The conglomerate earns $136.52 million in net income (profit) each year or $2.12 on an earnings per share basis. Macquarie Infrastructure employs 3,313 workers across the globe.

What is Macquarie Infrastructure's official website?

The official website for Macquarie Infrastructure is http://www.macquarie.com/.

How can I contact Macquarie Infrastructure?

Macquarie Infrastructure's mailing address is 125 WEST 55TH STREET, NEW YORK NY, 10019. The conglomerate can be reached via phone at 212-231-1000 or via email at [email protected]


MarketBeat Community Rating for Macquarie Infrastructure (NYSE MIC)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  356 (Vote Outperform)
Underperform Votes:  342 (Vote Underperform)
Total Votes:  698
MarketBeat's community ratings are surveys of what our community members think about Macquarie Infrastructure and other stocks. Vote "Outperform" if you believe MIC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MIC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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