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

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$40.29 -0.53 (-1.30 %)
(As of 12/10/2018 03:11 PM ET)
Previous Close$40.82
Today's Range$39.29 - $40.73
52-Week Range$36.20 - $67.84
Volume395,052 shs
Average Volume840,018 shs
Market Capitalization$3.50 billion
P/E Ratio15.74
Dividend Yield9.80%
Beta1.47
Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils through a network of 19 marine terminals, including 17 in the United States and 2 in Canada. This segment also provides environmental emergency response, industrial, and waste transportation and disposal services. The Atlantic Aviation segment offers fuel delivery, de-icing, aircraft parking, and hangar rental services to owners/operators of jet aircraft, as well as for commercial, military, freight, and government aviation customers. The CP segment generates electricity through wind, solar, and gas-fired facilities. As of December 31, 2017, this segment had interests in 7 solar power generating facilities with an aggregate generating capacity of 142 megawatts (MW) located in Arizona, California, Texas, Minnesota, and Utah; 2 wind power generating facilities with an aggregate generating capacity of 203 MW situated in Idaho and New Mexico; and gas-fired facility with a generating capacity of 512 MW located in Bayonne, New Jersey. 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, power generation, and other uses, as well as for use in specialty vehicles. The company was founded in 2004 and is based in New York, New York.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Petroleum products, not elsewhere classified
Sub-IndustryN/A
SectorMulti-Sector Conglomerates
Current SymbolNYSE:MIC
Previous Symbol
CUSIPN/A
Phone212-231-1000

Debt

Debt-to-Equity Ratio0.94
Current Ratio1.42
Quick Ratio1.39

Price-To-Earnings

Trailing P/E Ratio15.74
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.81 billion
Price / Sales1.90
Cash Flow$6.1985 per share
Price / Cash Flow6.50
Book Value$39.62 per share
Price / Book1.02

Profitability

EPS (Most Recent Fiscal Year)$2.56
Net Income$451.20 million
Net Margins25.26%
Return on Equity5.81%
Return on Assets2.38%

Miscellaneous

Employees1,100
Outstanding Shares85,640,000
Market Cap$3.50 billion
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 announced a quarterly dividend on Thursday, November 1st. Shareholders of record on Monday, November 12th will be paid a dividend of $1.00 per share on Thursday, November 15th. This represents a $4.00 annualized dividend and a yield of 9.99%. The ex-dividend date of this dividend is Thursday, November 8th. View Macquarie Infrastructure's Dividend History.

How were Macquarie Infrastructure's earnings last quarter?

Macquarie Infrastructure Corp (NYSE:MIC) released its quarterly earnings results on Wednesday, October, 31st. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.27. The conglomerate earned $473.28 million during the quarter, compared to analysts' expectations of $476.20 million. Macquarie Infrastructure had a return on equity of 5.81% and a net margin of 25.26%. 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, February 20th 2019. View Earnings Estimates for Macquarie Infrastructure.

What price target have analysts set for MIC?

7 brokerages have issued 12-month price targets for Macquarie Infrastructure's shares. Their predictions range from $43.00 to $60.00. On average, they expect Macquarie Infrastructure's share price to reach $51.00 in the next twelve months. This suggests a possible upside of 27.3% from the stock's current price. View Analyst Price Targets for Macquarie Infrastructure.

What is the consensus analysts' recommendation for Macquarie Infrastructure?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macquarie Infrastructure in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings 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 been trending very positive on Monday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Macquarie Infrastructure earned a media sentiment score of 3.9 on InfoTrie's scale. They also assigned media headlines about the conglomerate a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.

Who are some of Macquarie Infrastructure's key competitors?

Who are Macquarie Infrastructure's key executives?

Macquarie Infrastructure's management team includes the folowing people:
  • Mr. Liam Stewart, Chief Financial Officer (Age 40)
  • Mr. Christopher Timothy Frost, CEO & Director (Age 49)
  • Mr. Robert Choi CPA, Principal Accounting Officer
  • Mr. Jay Davis, VP & Head of Investor Relations (Age 59)
  • Mr. Michael Kernan, Gen. Counsel & Sec. (Age 59)

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. (14.41%), Vanguard Group Inc. (7.53%), Dimensional Fund Advisors LP (3.10%), Brookfield Asset Management Inc. (1.89%), FMR LLC (1.89%) and Clearbridge Investments LLC (1.43%). Company insiders that own Macquarie Infrastructure stock include Christopher Frost, George W Carmany III, Group Ltd Macquarie, Henry E Lentz, Infrastructure Manag Macquarie, James Hooke, Jay Davis, Liam Stewart, Martin Stanley, Michael Kernan, Norman H Brown Jr and Ouma Sananikone. 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 Brookfield Asset Management Inc., Tricadia Capital Management LLC, Selz Capital LLC, Vanguard Group Inc., Thompson Siegel & Walmsley LLC, Alps Advisors Inc., First Trust Advisors LP and Miller Howard Investments Inc. NY. View Insider Buying and Selling for Macquarie Infrastructure.

Which institutional investors are buying Macquarie Infrastructure stock?

MIC stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Prudential Financial Inc., Dimensional Fund Advisors LP, Fishman Jay A Ltd. MI, Waterfront Capital Partners LLC, Renaissance Technologies LLC, SG Americas Securities LLC and Eos Focused Equity Management L.P.. 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, James Hooke, Jay Davis, Liam Stewart, Martin Stanley, Michael Kernan 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 $40.0599.

How big of a company is Macquarie Infrastructure?

Macquarie Infrastructure has a market capitalization of $3.50 billion and generates $1.81 billion in revenue each year. The conglomerate earns $451.20 million in net income (profit) each year or $2.56 on an earnings per share basis. Macquarie Infrastructure employs 1,100 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:  331 (Vote Outperform)
Underperform Votes:  305 (Vote Underperform)
Total Votes:  636
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 12/10/2018 by MarketBeat.com Staff

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