NYSE:MIC - Macquarie Infrastructure Stock Price, Price Target & More

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$42.62 +0.32 (+0.76 %)
(As of 06/22/2018 04:00 PM ET)
Previous Close$42.62
Today's Range$42.27 - $42.92
52-Week Range$36.20 - $79.51
Volume1.21 million shs
Average Volume1.35 million shs
Market Capitalization$3.60 billion
P/E Ratio16.65
Dividend Yield9.46%
Beta1.25
Macquarie Infrastructure logoMacquarie 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

Industry Petroleum products, not elsewhere classified
Sub-IndustryN/A
SectorMulti-Sector Conglomerates
SymbolNYSE:MIC
CUSIPN/A
Phone212-231-1000

Debt

Debt-to-Equity Ratio1.10
Current Ratio1.35
Quick Ratio1.19

Price-To-Earnings

Trailing P/E Ratio16.65
Forward P/E Ratio17.91
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.81 billion
Price / Sales2.00
Cash Flow$6.3328 per share
Price / Cash6.73
Book Value$39.62 per share
Price / Book1.08

Profitability

EPS (Most Recent Fiscal Year)$2.56
Net Income$451.20 million
Net Margins26.38%
Return on Equity6.04%
Return on Assets2.44%

Miscellaneous

Employees1,100
Outstanding Shares85,080,000

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 Wednesday, May 2nd. Stockholders of record on Monday, May 14th will be paid a dividend of $1.00 per share on Thursday, May 17th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 9.39%. The ex-dividend date is Friday, May 11th. View Macquarie Infrastructure's Dividend History.

How were Macquarie Infrastructure's earnings last quarter?

Macquarie Infrastructure Corp (NYSE:MIC) posted its earnings results on Wednesday, May, 2nd. The conglomerate reported $0.91 EPS for the quarter, beating the consensus estimate of $0.56 by $0.35. The conglomerate had revenue of $501.56 million for the quarter, compared to analysts' expectations of $457.10 million. Macquarie Infrastructure had a net margin of 26.38% and a return on equity of 6.04%. 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, August, 1st 2018. View Earnings Estimates for Macquarie Infrastructure.

What price target have analysts set for MIC?

7 Wall Street analysts have issued 1 year price targets for Macquarie Infrastructure's shares. Their forecasts range from $41.00 to $60.00. On average, they anticipate Macquarie Infrastructure's share price to reach $50.25 in the next twelve months. View Analyst Ratings for Macquarie Infrastructure.

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, Chief Exec. Officer (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)

Has Macquarie Infrastructure been receiving favorable news coverage?

News coverage about MIC stock has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Macquarie Infrastructure earned a media sentiment score of 0.16 on Accern's scale. They also assigned press coverage about the conglomerate an impact score of 46.07 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Who are Macquarie Infrastructure's major shareholders?

Macquarie Infrastructure's stock is owned by many different of institutional and retail investors. Top institutional investors include MACQUARIE INFRASTRUCTURE MANAGEMENT (USA) INC (8.40%), Principal Financial Group Inc. (3.16%), Principal Financial Group Inc. (3.16%), Brookfield Asset Management Inc. (1.92%), Atlantic Trust Group LLC (1.83%) and Dimensional Fund Advisors LP (1.75%). Company insiders that own Macquarie Infrastructure stock include Group Ltd Macquarie, Infrastructure Manag Macquarie, James Hooke, Liam Stewart, Martin Stanley, Michael Kernan and Norman H Brown Jr. View Institutional Ownership Trends for Macquarie Infrastructure.

Which major investors are selling Macquarie Infrastructure stock?

MIC stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Kayne Anderson Capital Advisors LP, Neuberger Berman Group LLC, RMB Capital Management LLC, Advantus Capital Management Inc, Sei Investments Co., Forsta AP Fonden and First Washington CORP. View Insider Buying and Selling for Macquarie Infrastructure.

Which major investors are buying Macquarie Infrastructure stock?

MIC stock was purchased by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Atlantic Trust Group LLC, Tricadia Capital Management LLC, MD Sass Investors Services Inc., Dimensional Fund Advisors LP, Cove Street Capital LLC, Eventide Asset Management LLC and United Capital Financial Advisers LLC. Company insiders that have bought Macquarie Infrastructure stock in the last two years include Group Ltd Macquarie, Infrastructure Manag Macquarie, James Hooke, Liam Stewart, Martin Stanley and Michael Kernan. 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 $42.62.

How big of a company is Macquarie Infrastructure?

Macquarie Infrastructure has a market capitalization of $3.60 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.

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 (MIC)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  253 (Vote Outperform)
Underperform Votes:  211 (Vote Underperform)
Total Votes:  464
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 6/23/2018 by MarketBeat.com Staff

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