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NYSE:MIC

Macquarie Infrastructure Stock Forecast, Price & News

$27.52
-0.02 (-0.07 %)
(As of 10/21/2020 12:00 AM ET)
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Today's Range
$27.41
Now: $27.52▼
$27.93
50-Day Range
$25.85
MA: $26.75▼
$28.40
52-Week Range
$12.50
Now: $27.52▼
$45.93
Volume524,989 shs
Average Volume987,196 shs
Market Capitalization$2.39 billion
P/E Ratio30.24
Dividend YieldN/A
Beta1.39
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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Macquarie Infrastructure logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.1Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.58 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
Employees1,999

Debt

Debt-to-Equity Ratio1.19
Current Ratio5.66
Quick Ratio5.51

Price-To-Earnings

Trailing P/E Ratio30.24
Forward P/E Ratio8.47
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.73 billion
Price / Sales1.39
Cash Flow$8.00 per share
Price / Cash Flow3.44
Book Value$32.51 per share
Price / Book0.85

Profitability

EPS (Most Recent Fiscal Year)$4.70
Net Income$156 million
Net Margins5.18%
Return on Equity10.77%
Return on Assets4.19%

Miscellaneous

Outstanding Shares87,022,000
Market Cap$2.39 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$27.52
-0.02 (-0.07 %)
(As of 10/21/2020 12:00 AM 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 price been impacted by COVID-19?

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. Since then, MIC shares have decreased by 19.8% and is now trading at $27.52.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Macquarie Infrastructure?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macquarie Infrastructure in the last year. There are currently 6 hold ratings and 2 buy ratings 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 Thursday, October 29th 2020.
View our earnings forecast for Macquarie Infrastructure.

How were Macquarie Infrastructure's earnings last quarter?

Macquarie Infrastructure Corp (NYSE:MIC) posted its quarterly earnings data on Tuesday, August, 4th. The conglomerate reported $0.53 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.46 by $0.07. The conglomerate earned $261 million during the quarter, compared to the consensus estimate of $295.70 million. Macquarie Infrastructure had a net margin of 5.18% and a return on equity of 10.77%.
View Macquarie Infrastructure's earnings history.

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

Macquarie Infrastructure announced a quarterly dividend on Tuesday, February 25th. Shareholders of record on Friday, March 6th will be given 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 14.53%. The ex-dividend date is Thursday, March 5th.
View Macquarie Infrastructure's dividend history.

What price target have analysts set for MIC?

8 Wall Street analysts have issued 1 year price objectives for Macquarie Infrastructure's stock. Their forecasts range from $26.00 to $61.00. On average, they anticipate Macquarie Infrastructure's share price to reach $44.57 in the next twelve months. This suggests a possible upside of 62.0% from the stock's current price.
View analysts' price targets for Macquarie Infrastructure.

Are investors shorting Macquarie Infrastructure?

Macquarie Infrastructure saw a drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,190,000 shares, a drop of 19.2% from the September 15th total of 2,710,000 shares. Based on an average trading volume of 733,700 shares, the short-interest ratio is currently 3.0 days.
View Macquarie Infrastructure's Short Interest.

Who are some of Macquarie Infrastructure's key competitors?

Some companies that are related to Macquarie Infrastructure include World Fuel Services (INT), CrossAmerica Partners (CAPL), NGL Energy Partners (NGL), Adams Resources & Energy (AE) and Adams Resources & Energy (AE).
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 (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, 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 variety of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.77%), Crestwood Advisors Group LLC (0.07%), Patten & Patten Inc. TN (0.03%), Standard Life Aberdeen plc (0.01%) and DAVENPORT & Co LLC (0.01%). Company insiders that own Macquarie Infrastructure stock include Christopher Frost, Group Ltd Macquarie and Martin Stanley.
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, DAVENPORT & Co LLC, and Standard Life Aberdeen plc.
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 Assenagon Asset Management S.A., and Crestwood Advisors Group LLC. Company insiders that have bought Macquarie Infrastructure stock in the last two years include Christopher Frost, Group Ltd Macquarie, and Martin Stanley.
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 $27.52.

How big of a company is Macquarie Infrastructure?

Macquarie Infrastructure has a market capitalization of $2.39 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]cquarie.com.

This page was last updated on 10/22/2020 by MarketBeat.com Staff
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