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NYSE:MIC

Macquarie Infrastructure Stock Forecast, Price & News

$28.88
-0.33 (-1.13 %)
(As of 01/22/2021 04:28 PM ET)
Add
Compare
Today's Range
$28.67
Now: $28.88
$29.14
50-Day Range
$28.66
MA: $34.48
$40.40
52-Week Range
$12.50
Now: $28.88
$45.74
Volume378,651 shs
Average Volume1.41 million shs
Market Capitalization$2.52 billion
P/E RatioN/A
Dividend Yield3.42%
Beta1.54
Macquarie Infrastructure Corporation owns and operates a portfolio of infrastructure and infrastructure-like businesses that provide services to corporations, government agencies and individual customers primarily in the United States. 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, various commodity and 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 and hangar rental, and aircraft cleaning and catering 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 to industrial, commercial, residential, hospitality, military, public sector, and wholesale users. This segment's products are used in various applications, such as water heating, drying, cooking, emergency power generation, and other uses. The company was founded in 2004 and is headquartered in New York, New York.
Macquarie Infrastructure logo

MarketRank

Overall MarketRank

1.91 out of 5 stars

Multi-Sector Conglomerates Sector

9th out of 44 stocks

Petroleum Products, Not Elsewhere Classified Industry

4th out of 7 stocks

Analyst Opinion: 3.1Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Petroleum products, not elsewhere classified
Sub-IndustryN/A
CUSIPN/A
Phone212-231-1000
Employees1,999

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.73 billion
Cash Flow$7.66 per share
Book Value$32.51 per share

Profitability

Net Income$156 million

Miscellaneous

Market Cap$2.52 billion
Next Earnings Date2/23/2021 (Estimated)
OptionableOptionable
$28.88
-0.33 (-1.13 %)
(As of 01/22/2021 04:28 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Macquarie Infrastructure (NYSE:MIC) Frequently Asked Questions

How has Macquarie Infrastructure's stock been impacted by Coronavirus?

Macquarie Infrastructure's stock was trading at $34.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MIC shares have decreased by 15.9% and is now trading at $28.88.
View which stocks have been most impacted by COVID-19
.

Is Macquarie Infrastructure a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macquarie Infrastructure in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Macquarie Infrastructure stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MIC, but not buy additional shares or sell existing shares.
View analyst ratings for Macquarie Infrastructure
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Macquarie Infrastructure?

Wall Street analysts have given Macquarie Infrastructure a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Macquarie Infrastructure wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Macquarie Infrastructure's CEO?

6,978 employees have rated Macquarie Infrastructure CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Macquarie Infrastructure's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Macquarie Infrastructure's next earnings date?

Macquarie Infrastructure is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Macquarie Infrastructure
.

How were Macquarie Infrastructure's earnings last quarter?

Macquarie Infrastructure Co. (NYSE:MIC) issued its quarterly earnings data on Saturday, November, 14th. The conglomerate reported ($10.26) EPS for the quarter, missing the consensus estimate of $0.15 by $10.41. The conglomerate earned $202 million during the quarter, compared to the consensus estimate of $325.50 million. Macquarie Infrastructure had a negative net margin of 67.23% and a positive return on equity of 10.05%.
View Macquarie Infrastructure's earnings history
.

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

Macquarie Infrastructure declared a dividend on Wednesday, December 23rd. Shareholders of record on Tuesday, January 5th will be paid a dividend of $11.00 per share on Friday, January 8th. The ex-dividend date is Monday, January 11th. This is an increase from Macquarie Infrastructure's previous dividend of $1.44.
View Macquarie Infrastructure's dividend history
.

Is Macquarie Infrastructure a good dividend stock?

Macquarie Infrastructure pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.42%. The dividend payout ratio of Macquarie Infrastructure is 21.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Macquarie Infrastructure will have a dividend payout ratio of 59.88% next year. This indicates that Macquarie Infrastructure will be able to sustain or increase its dividend.
View Macquarie Infrastructure's dividend history.

What price target have analysts set for MIC?

7 analysts have issued 12 month price targets for Macquarie Infrastructure's shares. Their forecasts range from $26.00 to $50.00. On average, they expect Macquarie Infrastructure's stock price to reach $39.14 in the next twelve months. This suggests a possible upside of 35.5% from the stock's current price.
View analysts' price targets for Macquarie Infrastructure
or view Wall Street analyst' top-rated stocks.

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 (ET), New Residential Investment (NRZ), Enterprise Products Partners (EPD), Verizon Communications (VZ), Cisco Systems (CSCO), Main Street Capital (MAIN), Omega Healthcare Investors (OHI), Johnson & Johnson (JNJ) and AbbVie (ABBV).

Who are Macquarie Infrastructure's key executives?

Macquarie Infrastructure's management team includes the following people:
  • Mr. Christopher Timothy Frost, Chief Exec. Officer (Age 51, Pay $2.72M)
  • Mr. Nicholas William O'Neil, Chief Financial Officer (Age 41)
  • Mr. Robert Choi CPA, Principal Accounting Officer
  • Mr. Jay Davis, VP & Head of Investor Relations (Age 61)
  • Mr. Michael Kernan, Gen. Counsel & Sec. (Age 61)
  • Mr. Richard D. Courtney, CEO & Pres of International-Matex Tank Terminals

What is Macquarie Infrastructure's stock symbol?

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

Who are Macquarie Infrastructure's major shareholders?

Macquarie Infrastructure's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Epiq Partners LLC (0.03%), Patten & Patten Inc. TN (0.03%) and North Star Investment Management Corp. (0.00%).
View institutional ownership trends for Macquarie Infrastructure
.

Which institutional investors are selling Macquarie Infrastructure stock?

MIC stock was sold by a variety of institutional investors in the last quarter, including Patten & Patten Inc. TN, Epiq Partners LLC, and North Star Investment Management Corp..
View insider buying and selling activity for Macquarie Infrastructure
or view top insider-selling stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Macquarie Infrastructure's stock price today?

One share of MIC stock can currently be purchased for approximately $28.88.

How big of a company is Macquarie Infrastructure?

Macquarie Infrastructure has a market capitalization of $2.52 billion and generates $1.73 billion in revenue each year. The conglomerate earns $156 million in net income (profit) each year or $4.70 on an earnings per share basis. Macquarie Infrastructure employs 1,999 workers across the globe.

What is Macquarie Infrastructure's official website?

The official website for Macquarie Infrastructure is 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]

This page was last updated on 1/22/2021 by MarketBeat.com Staff

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