Macquarie Infrastructure Corp Company Profile (NYSE:MIC)

About Macquarie Infrastructure Corp (NYSE:MIC)

Macquarie Infrastructure Corp logoMacquarie 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. Its group of businesses provides services to businesses, government agencies and individuals in the United States. IMTT segment provides bulk liquid terminal services in the United States. As of December 31, 2016, Atlantic Aviation operated Fixed based operations (FBOs) at 69 airports in the United States. The businesses in its CP segment sell electricity to off-takers, pursuant to multi-year contracts. MIC Hawaii segment consists of Hawaii Gas and several smaller businesses. Hawaii Gas consists of a gas utility and a liquefied petroleum gas (LPG) distribution business.

Industry, Sector and Symbol:
  • Sector: Multi-Sector Conglomerates
  • Industry: Air Services, Other
  • Sub-Industry: N/A
  • Symbol: NYSE:MIC
  • CUSIP: N/A
  • Web: www.macquarie.com
Capitalization:
  • Market Cap: $6.46 billion
  • Outstanding Shares: 82,419,000
Average Prices:
  • 50 Day Moving Avg: $79.65
  • 200 Day Moving Avg: $79.95
  • 52 Week Range: $68.53 - $85.45
P/E:
  • Trailing P/E Ratio: 39.11
  • Foreward P/E Ratio: 30.61
  • P/E Growth: 3.91
Sales & Book Value:
  • Annual Revenue: $1.71 billion
  • Price / Sales: 3.78
  • Book Value: $35.25 per share
  • Price / Book: 2.22
Dividend:
  • Annual Dividend: $5.16
  • Dividend Yield: 6.7%
Profitability:
  • EBIDTA: $607.63 million
  • Net Margins: 7.21%
  • Return on Equity: 3.71%
  • Return on Assets: 1.59%
Debt:
  • Debt-to-Equity Ratio: 0.91%
  • Current Ratio: 0.91%
  • Quick Ratio: 0.79%
Misc:
  • Average Volume: 522,864 shs.
  • Beta: 0.94
  • Short Ratio: 5.48
 

Frequently Asked Questions for Macquarie Infrastructure Corp (NYSE:MIC)

What is Macquarie Infrastructure Corp's stock symbol?

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

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

Macquarie Infrastructure Corp announced a quarterly dividend on Wednesday, May 3rd. Investors of record on Monday, May 15th will be paid a dividend of $1.32 per share on Thursday, May 18th. This represents a $5.28 annualized dividend and a dividend yield of 6.74%. The ex-dividend date of this dividend is Thursday, May 11th. This is a positive change from Macquarie Infrastructure Corp's previous quarterly dividend of $1.11. View Macquarie Infrastructure Corp's Dividend History.

How were Macquarie Infrastructure Corp's earnings last quarter?

Macquarie Infrastructure Corp (NYSE:MIC) announced its earnings results on Monday, August, 1st. The company reported $0.24 EPS for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.20. The company had revenue of $397.60 million for the quarter, compared to the consensus estimate of $399.95 million. Macquarie Infrastructure Corp had a net margin of 7.21% and a return on equity of 3.71%. View Macquarie Infrastructure Corp's Earnings History.

Where is Macquarie Infrastructure Corp's stock going? Where will Macquarie Infrastructure Corp's stock price be in 2017?

5 equities research analysts have issued 12 month target prices for Macquarie Infrastructure Corp's shares. Their predictions range from $89.00 to $93.00. On average, they expect Macquarie Infrastructure Corp's share price to reach $91.33 in the next twelve months. View Analyst Ratings for Macquarie Infrastructure Corp.

Who are some of Macquarie Infrastructure Corp's key competitors?

Who owns Macquarie Infrastructure Corp stock?

Macquarie Infrastructure Corp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.69%), Macquarie Group Ltd. (5.93%), Principal Financial Group Inc. (2.99%), State Street Corp (2.12%), Selz Capital LLC (1.25%) and RidgeWorth Capital Management LLC (0.93%). Company insiders that own Macquarie Infrastructure Corp stock include George W Carmany III, Infrastructure Manag Macquarie, James Hooke, Liam Stewart, Martin Stanley, Michael Kernan and Norman H Brown Jr. View Institutional Ownership Trends for Macquarie Infrastructure Corp.

Who sold Macquarie Infrastructure Corp stock? Who is selling Macquarie Infrastructure Corp stock?

Macquarie Infrastructure Corp's stock was sold by a variety of institutional investors in the last quarter, including Metropolitan Life Insurance Co. NY, Bank of New York Mellon Corp, Jane Street Group LLC, Geneva Advisors LLC, Advisors Capital Management LLC, TPH Asset Management LLC, Hood River Capital Management LLC and Grand Jean Capital Management Inc.. Company insiders that have sold Macquarie Infrastructure Corp stock in the last year include Infrastructure Manag Macquarie and Norman H Brown Jr. View Insider Buying and Selling for Macquarie Infrastructure Corp.

Who bought Macquarie Infrastructure Corp stock? Who is buying Macquarie Infrastructure Corp stock?

Macquarie Infrastructure Corp's stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., RidgeWorth Capital Management LLC, Macquarie Group Ltd., Janus Capital Management LLC, State Street Corp, Schroder Investment Management Group, Assenagon Asset Management S.A. and Dimensional Fund Advisors LP. Company insiders that have bought Macquarie Infrastructure Corp stock in the last two years include James Hooke, Liam Stewart, Martin Stanley and Michael Kernan. View Insider Buying and Selling for Macquarie Infrastructure Corp.

How do I buy Macquarie Infrastructure Corp stock?

Shares of Macquarie Infrastructure Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Macquarie Infrastructure Corp stock cost?

One share of Macquarie Infrastructure Corp stock can currently be purchased for approximately $78.37.

Analyst Ratings

Consensus Ratings for Macquarie Infrastructure Corp (NYSE:MIC) (?)
Ratings Breakdown: 5 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $91.33 (16.54% upside)

Analysts' Ratings History for Macquarie Infrastructure Corp (NYSE:MIC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/21/2017SunTrust Banks, Inc.Initiated CoverageBuy -> Buy$92.00LowView Rating Details
2/23/2017Barclays PLCBoost Price TargetOverweight -> Overweight$81.00 -> $89.00N/AView Rating Details
2/23/2017Royal Bank of CanadaLower Price TargetOutperform -> Outperform$98.00 -> $93.00N/AView Rating Details
11/18/2016Wells Fargo & CoReiterated RatingOutperformN/AView Rating Details
6/2/2016Oppenheimer Holdings Inc.Reiterated RatingBuyN/AView Rating Details
3/27/2016JPMorgan Chase & Co.Reiterated RatingBuyN/AView Rating Details
6/12/2015MacquarieInitiated CoverageOverweight$101.00 -> $101.00N/AView Rating Details
(Data available from 5/27/2015 forward)

Earnings

Earnings History for Macquarie Infrastructure Corp (NYSE:MIC)
Earnings by Quarter for Macquarie Infrastructure Corp (NYSE:MIC)
Earnings History by Quarter for Macquarie Infrastructure Corp (NYSE:MIC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/21/2017Q416$0.59$0.89$244.46 million$437.24 millionViewN/AView Earnings Details
8/1/2016Q216$0.44$0.24$399.95 million$397.60 millionViewN/AView Earnings Details
5/2/2016Q116$0.47$0.28$434.44 million$396.40 millionViewN/AView Earnings Details
11/2/2015Q315$0.20$0.13$425.92 million$415.71 millionViewN/AView Earnings Details
8/3/2015Q215$0.29($0.80)$437.25 million$423.68 millionViewN/AView Earnings Details
5/4/2015Q115($0.56)($1.22)$442.50 million$398.50 millionViewN/AView Earnings Details
2/18/2015Q414$0.22$0.30$412.04 million$405.10 millionViewN/AView Earnings Details
10/29/2014Q3$0.45($0.50)$408.84 million$388.60 millionViewListenView Earnings Details
7/30/2014Q413$0.28$0.19$325.99 million$280.90 millionViewN/AView Earnings Details
4/30/2014Q1$0.36$0.36$289.90 million$276.20 millionViewListenView Earnings Details
2/19/2014Q4$0.33$0.31ViewListenView Earnings Details
10/28/2013Q313$0.44$0.20$271.40 million$263.70 millionViewN/AView Earnings Details
7/31/2013Q2 2013$0.48$0.92$269.03 million$252.67 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Macquarie Infrastructure Corp (NYSE:MIC)
2017 EPS Consensus Estimate: $2.28
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.41$0.41$0.41
Q2 20171$0.59$0.59$0.59
Q3 20171$0.74$0.74$0.74
Q4 20171$0.54$0.54$0.54
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Macquarie Infrastructure Corp (NYSE:MIC)
Most Recent Dividend:5/18/2017
Annual Dividend:$5.16
Dividend Yield:6.58%
Dividend Growth:26.10% (3 Year Average)
Payout Ratio:351.02% (Trailing 12 Months of Earnings)
231.39% (Based on This Year's Estimates)
201.56% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Macquarie Infrastructure Corp (NYSE:MIC)

Dividend History by Quarter for Macquarie Infrastructure Corp (NYSE:MIC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/3/2017Quarterly$1.326.59%5/11/20175/15/20175/18/2017
2/22/2017quarterly$1.316.81%3/1/20173/3/20173/8/2017
11/1/2016Quarterly$1.296.17%11/8/201611/10/201611/15/2016
8/2/2016quarterly$1.256.45%8/9/20168/11/20168/16/2016
5/3/2016quarterly$1.207.02%5/10/20165/12/20165/17/2016
2/23/2016quarterly$1.157.57%3/1/20163/3/20163/8/2016
11/4/2015Quarterly$1.1311/10/201511/13/201511/18/2015
11/2/2015quarterly$1.135.64%11/9/201511/12/201511/17/2015
8/3/2015$1.118/11/20158/13/20158/18/2015
5/5/2015quarterly$1.075.01%5/12/20155/14/20155/19/2015
2/19/2015quarterly$1.025.14%2/26/20153/2/20153/5/2015
10/29/2014quarterly$0.985.55%11/6/201411/10/201411/13/2014
7/11/2014quarterly$0.955.51%8/7/20148/11/20148/14/2014
4/30/2014quarterly$0.946.25%5/8/20145/12/20145/15/2014
2/19/2014quarterly$0.916.54%2/27/20143/3/20143/6/2014
5/1/2013quarterly$0.694.72%5/9/20135/13/20135/16/2013
12/12/2012quarterly$0.696.2%12/20/201212/24/201212/28/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Macquarie Infrastructure Corp (NYSE:MIC)
Insider Ownership Percentage: 7.50%
Institutional Ownership Percentage: 83.01%
Insider Trades by Quarter for Macquarie Infrastructure Corp (NYSE:MIC)
Institutional Ownership by Quarter for Macquarie Infrastructure Corp (NYSE:MIC)
Insider Trades by Quarter for Macquarie Infrastructure Corp (NYSE:MIC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/3/2017James HookeCEOBuy15,000$74.15$1,112,250.00View SEC Filing  
2/3/2017Liam StewartCFOBuy2,500$74.15$185,375.00View SEC Filing  
2/3/2017Martin StanleyDirectorBuy4,000$74.15$296,600.00View SEC Filing  
2/3/2017Michael KernanGeneral CounselBuy1,000$74.15$74,150.00View SEC Filing  
11/9/2016Infrastructure Manag MacquarieDirectorSell2,870,000$81.48$233,847,600.00View SEC Filing  
8/16/2016Norman H Brown JrDirectorSell4,000$80.17$320,680.00View SEC Filing  
12/2/2015George W. Carmany IIIDirectorSell10,000$76.92$769,200.00View SEC Filing  
3/2/2015James HookeCEOBuy4,000$80.00$320,000.00View SEC Filing  
7/17/2014James HookeCEOBuy2,830$66.50$188,195.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Macquarie Infrastructure Corp (NYSE:MIC)
Latest Headlines for Macquarie Infrastructure Corp (NYSE:MIC)
Source:
DateHeadline
finance.yahoo.com logoTIGO: One of the Top 25 Multinational Companies to Work for in Latin America
finance.yahoo.com - May 24 at 10:44 AM
americanbankingnews.com logoMacquarie Infrastructure Corp (MIC) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - May 19 at 8:58 PM
businesswire.com logoMIC to Present at East Coast IDEAS Conference - Business Wire (press release)
www.businesswire.com - May 16 at 11:20 PM
finance.yahoo.com logoMIC to Present at East Coast IDEAS Conference
finance.yahoo.com - May 15 at 5:55 PM
prnewswire.com logoMIC To Present At Oppenheimer Industrial Growth Conference - PR Newswire (press release)
www.prnewswire.com - May 10 at 6:36 PM
nasdaq.com logoMacquarie Infrastructure Named Top Dividend Stock With Insider Buying and 6.58% Yield (MIC) - Nasdaq
www.nasdaq.com - May 10 at 6:36 PM
nasdaq.com logoCash Dividend On The Way From Macquarie Infrastructure (MIC)
www.nasdaq.com - May 9 at 11:50 AM
finance.yahoo.com logoMIC To Present At Oppenheimer Industrial Growth Conference
finance.yahoo.com - May 8 at 12:35 PM
americanbankingnews.com logoMacquarie Infrastructure Corp (MIC) Raises Dividend to $1.32 Per Share
www.americanbankingnews.com - May 6 at 9:44 PM
nasdaq.com logoNoteworthy Friday Option Activity: MIC, VCYT, POST
www.nasdaq.com - May 5 at 6:48 PM
seekingalpha.com logoMacquarie Infrastructure's (MIC) CEO James Hooke on Q1 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - May 4 at 11:38 PM
finance.yahoo.com logoEdited Transcript of MIC earnings conference call or presentation 4-May-17 12:00pm GMT
finance.yahoo.com - May 4 at 11:38 PM
finance.yahoo.com logoNotification of Shareholding Transaction by Millicom CEO
finance.yahoo.com - May 4 at 11:40 AM
finance.yahoo.com logoMacquarie posts 1Q profit
finance.yahoo.com - May 4 at 11:40 AM
finance.yahoo.com logoMillicom Annual General Meeting and the Subsequent Extraordinary General Meeting of Shareholders
finance.yahoo.com - May 4 at 11:40 AM
reuters.com logoBRIEF-MIC authorizes cash dividend of $1.32 per share
www.reuters.com - May 3 at 10:38 PM
americanbankingnews.com logoMacquarie Infrastructure Corp (MIC) Earning Positive Media Coverage, Report Shows
www.americanbankingnews.com - May 3 at 8:58 PM
finance.yahoo.com logoMIC Reports First Quarter 2017 Financial Results, Increases Quarterly Cash Dividend
finance.yahoo.com - May 3 at 5:36 PM
americanbankingnews.com logoMacquarie Infrastructure Corp (MIC) Earns News Sentiment Score of -0.07
www.americanbankingnews.com - April 28 at 2:48 PM
finance.yahoo.com logoMillicom Signs Agreement to Sell and Lease Back Towers to American Tower in Paraguay
finance.yahoo.com - April 26 at 6:45 PM
finance.yahoo.com logoMillicom Q1 2017 Results, 26 April 2017
finance.yahoo.com - April 26 at 6:45 PM
americanbankingnews.com logoSomewhat Favorable Press Coverage Likely to Affect Macquarie Infrastructure Corp (MIC) Share Price
www.americanbankingnews.com - April 25 at 9:23 PM
americanbankingnews.com logoMacquarie Infrastructure Corp (MIC) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 24 at 9:42 PM
nasdaq.com logoOrinda Asset Management LLC Buys New York REIT, Colony NorthStar, New Residential Investment, ...
www.nasdaq.com - April 20 at 6:37 PM
americanbankingnews.com logoMacquarie Infrastructure Corp (MIC) Receives Coverage Optimism Score of -0.20
www.americanbankingnews.com - April 15 at 12:09 PM
americanbankingnews.com logoMacquarie Infrastructure Corp (MIC) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - April 15 at 7:14 AM
businesswire.com logoMIC to Conduct Conference Call and Webcast Covering First ... - Business Wire (press release)
www.businesswire.com - April 11 at 6:29 PM
finance.yahoo.com logoMillicom International Cellular - Revised Agenda for Annual General Meeting of Shareholders
finance.yahoo.com - April 11 at 11:15 AM
finance.yahoo.com logoMillicom SDR Holders Represented on the Nomination Committee Propose Additional Board Director
finance.yahoo.com - April 11 at 11:15 AM
finance.yahoo.com logoMIC to Conduct Conference Call and Webcast Covering First Quarter 2017 Financial Results Thursday, May 4, 2017
finance.yahoo.com - April 10 at 6:09 PM
nasdaq.com logoNotable Two Hundred Day Moving Average Cross - MIC
www.nasdaq.com - April 7 at 11:10 AM
nasdaq.com logoNotable ETF Outflow Detected - XTN, MIC, JBLU, UHAL
www.nasdaq.com - March 30 at 11:52 PM
us.rd.yahoo.com logoThe Millicom Nomination Committee's Proposal for Board of Directors
us.rd.yahoo.com - March 30 at 5:13 AM
americanbankingnews.com logoMacquarie Infrastructure Corp (MIC) Now Covered by Analysts at SunTrust Banks, Inc.
www.americanbankingnews.com - March 25 at 11:31 AM
americanbankingnews.com logoMacquarie Infrastructure Corp (MIC) Expected to Post Q1 2017 Earnings of $0.41 Per Share
www.americanbankingnews.com - March 23 at 9:56 AM
nasdaq.com logoAdd Up The Pieces: FTXR Could Be Worth $25
www.nasdaq.com - March 22 at 6:39 PM
nasdaq.com logoInteresting MIC Put And Call Options For May 19th
www.nasdaq.com - March 21 at 6:29 PM
us.rd.yahoo.com logoCoverage initiated on MacQuarie Infrastructure by SunTrust
us.rd.yahoo.com - March 21 at 6:29 PM
finance.yahoo.com logoMillicom Appoints Michel Morin as VP Investor Relations
finance.yahoo.com - March 20 at 10:18 AM
businesswire.com logoMacquarie Infrastructure Corporation Announces Conversion Ratio Adjustment to Convertible Notes Due 2019 - Business Wire (press release)
www.businesswire.com - March 3 at 6:32 PM
finance.yahoo.com logoMillicom and Airtel Sign Agreement to Combine Operations in Ghana
finance.yahoo.com - March 3 at 6:32 PM
finance.yahoo.com logoMacquarie Infrastructure Corporation Announces Conversion Ratio Adjustment to Convertible Notes Due 2019
finance.yahoo.com - March 3 at 6:32 PM
finance.yahoo.com logoOPEC Deal Cancelled Out By Rising Shale Output
finance.yahoo.com - March 1 at 10:56 AM
finance.yahoo.com logoMACQUARIE INFRASTRUCTURE CORP Financials
finance.yahoo.com - February 25 at 6:11 PM
nasdaq.com logoMIC Dividend Yield Pushes Above 7% - Nasdaq
www.nasdaq.com - February 24 at 7:47 PM
reuters.com logoBRIEF-Mic reports qtrly earnings per share $0.89
www.reuters.com - February 23 at 6:34 PM
prnewswire.com logoMIC Reports 2016 Financial Results In Line With Guidance, Increases Dividend - PR Newswire (press release)
www.prnewswire.com - February 22 at 11:43 PM
finance.yahoo.com logoEdited Transcript of MIC earnings conference call or presentation 22-Feb-17 1:00pm GMT
finance.yahoo.com - February 22 at 11:42 PM
seekingalpha.com logoMacquarie Infrastructure's (MIC) CEO James Hooke on Q4 2016 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - February 22 at 6:41 PM
biz.yahoo.com logoQ4 2016 Macquarie Infrastructure Corp Earnings Release - After Market Close
biz.yahoo.com - February 21 at 6:23 PM

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Macquarie Infrastructure Corp (MIC) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff