NYSE:MICMacquarie Infrastructure Stock Price, Forecast & News

$32.21

+1.56 (+5.09 %)

(As of 06/5/2020 12:03 PM ET)

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Today's Range

$30.86

Now: $32.21▼

$32.27

50-Day Range

$23.61

MA: $27.20▼

$29.40

52-Week Range

$12.50

Now: $32.21▼

$45.93

Volume680,752 shs

Average Volume953,266 shs

Market Capitalization$2.80 billion

P/E Ratio28.50

Dividend Yield13.12%

Beta1.48

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.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Macquarie Infrastructure has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $45.83, Macquarie Infrastructure has a potential upside of 42.3% from its current price of $32.21.
Amount of Analyst Coverage
Macquarie Infrastructure has only been the subject of 3 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Macquarie Infrastructure has received 422 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Macquarie Infrastructure has received 417 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Macquarie Infrastructure has received 50.30% “outperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Leadership
Macquarie Infrastructure is a leading dividend payer. It pays a dividend yield of 13.12%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Macquarie Infrastructure does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Macquarie Infrastructure is 85.11 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Macquarie Infrastructure will have a dividend payout ratio of 107.82 % in the coming year. This indicates that Macquarie Infrastructure may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Macquarie Infrastructure insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $998,844.00 in company stock.
Percentage Held by Insiders
Only 15.80% of the stock of Macquarie Infrastructure is held by insiders.
Percentage Held by Institutions
74.92% of the stock of Macquarie Infrastructure is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Macquarie Infrastructure are expected to grow by 34.42% in the coming year, from $2.76 to $3.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Macquarie Infrastructure is 28.50, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Macquarie Infrastructure is 28.50, which means that it is trading at a more expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 14.50.
Price to Book Value per Share Ratio
Macquarie Infrastructure has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.01 out of 5 stars

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

CIK1289790

Webwww.macquarie.com

Phone212-231-1000

Debt

Debt-to-Equity Ratio1.30

Current Ratio2.79

Quick Ratio2.74

Price-To-Earnings

Trailing P/E Ratio28.50

Forward P/E Ratio11.67

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.73 billion

Price / Sales1.62

Cash Flow$8.22 per share

Price / Cash Flow3.92

Book Value$32.51 per share

Price / Book0.99

Profitability

EPS (Most Recent Fiscal Year)$4.70

Net Income$156 million

Net Margins5.84%

Return on Equity12.51%

Return on Assets4.92%

Miscellaneous

Employees1,999

Outstanding Shares86,850,000

Market Cap$2.80 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Macquarie Infrastructure (NYSE:MIC) Frequently Asked Questions

How has Macquarie Infrastructure's stock been impacted by COVID-19 (Coronavirus)?

Macquarie Infrastructure's stock was trading at $34.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MIC shares have decreased by 6.2% and is now trading at $32.21. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Macquarie Infrastructure.

When is Macquarie Infrastructure's next earnings date?

Macquarie Infrastructure is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Macquarie Infrastructure.

How were Macquarie Infrastructure's earnings last quarter?

Macquarie Infrastructure Corp (NYSE:MIC) released its earnings results on Tuesday, May, 5th. The conglomerate reported $0.13 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.18. The conglomerate had revenue of $416 million for the quarter, compared to the consensus estimate of $457.60 million. Macquarie Infrastructure had a net margin of 5.84% and a return on equity of 12.51%. 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 quarterly dividend on Tuesday, February 25th. Shareholders of record on Friday, March 6th will be paid a dividend of $1.00 per share on Wednesday, March 11th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 12.42%. The ex-dividend date is Thursday, March 5th. View Macquarie Infrastructure's dividend history.

What price target have analysts set for MIC?

7 Wall Street analysts have issued 1 year target prices for Macquarie Infrastructure's stock. Their forecasts range from $26.00 to $61.00. On average, they anticipate Macquarie Infrastructure's stock price to reach $45.83 in the next twelve months. This suggests a possible upside of 42.3% from the stock's current price. View analysts' price targets for Macquarie Infrastructure.

Has Macquarie Infrastructure been receiving favorable news coverage?

Media stories about MIC stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring 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 daily sentiment score of 0.8 on InfoTrie's scale. They also gave news coverage about the conglomerate a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutMacquarie Infrastructure.

Who are some of Macquarie Infrastructure's key competitors?

Some companies that are related to Macquarie Infrastructure include Mitsui & Co Ltd (MITSY), Sunoco (SUN), World Fuel Services (INT), NGL Energy Partners (NGL) and Crossamerica Partners (CAPL). View all 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), Verizon Communications (VZ), Omega Healthcare Investors (OHI), Cisco Systems (CSCO), AbbVie (ABBV), Ares Capital (ARCC), Enterprise Products Partners (EPD) and Kinder Morgan (KMI).

Who are Macquarie Infrastructure's key executives?

Macquarie Infrastructure's management team includes the following 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)

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 institutional and retail investors. Top institutional shareholders include Eminence Capital LP (3.06%), Gabelli Funds LLC (1.62%), Nuveen Asset Management LLC (1.58%), Cohen & Steers Inc. (1.12%), Geode Capital Management LLC (1.03%) and Harvest Fund Advisors LLC (0.81%). 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 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 Clearbridge Investments LLC, Legal & General Group Plc, United Capital Financial Advisers LLC, Levin Capital Strategies L.P., Invesco Ltd., Chicago Equity Partners LLC, AE Wealth Management LLC, and B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund. View insider buying and selling activity 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 Eminence Capital LP, Harvest Fund Advisors LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Telemus Capital LLC, TCW Group Inc., Deutsche Bank AG, Balyasny Asset Management LLC, and Gabelli Funds 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Macquarie Infrastructure's stock price today?

One share of MIC stock can currently be purchased for approximately $32.21.

How big of a company is Macquarie Infrastructure?

Macquarie Infrastructure has a market capitalization of $2.80 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 6/5/2020 by MarketBeat.com Staff