Macquarie 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: Airport Services - NEC
- Sub-Industry: N/A
- Symbol: NYSE:MIC
- CUSIP: N/A
- Web: www.macquarie.com
- Market Cap: $5.93886 billion
- Outstanding Shares: 82,668,000
- 50 Day Moving Avg: $75.80
- 200 Day Moving Avg: $77.91
- 52 Week Range: $71.23 - $85.45
Sales & Book Value:
- Trailing P/E Ratio: 34.67
- Foreward P/E Ratio: 27.21
- P/E Growth: 3.26
- Annual Revenue: $1.75 billion
- Price / Sales: 3.41
- Book Value: $34.41 per share
- Price / Book: 2.10
- Annual Dividend: $5.52
- Dividend Yield: 7.7%
- EBIDTA: $604.97 million
- Net Margins: 10.12%
- Return on Equity: 5.71%
- Return on Assets: 2.35%
- Debt-to-Equity Ratio: 1.06%
- Current Ratio: 1.01%
- Quick Ratio: 0.87%
- Average Volume: 466,189 shs.
- Beta: 0.92
- Short Ratio: 6.75
Frequently Asked Questions for Macquarie Infrastructure Company (NYSE:MIC)
What is Macquarie Infrastructure Company's stock symbol?
Macquarie Infrastructure Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "MIC."
How often does Macquarie Infrastructure Company pay dividends? What is the dividend yield for Macquarie Infrastructure Company?
Macquarie Infrastructure Company announced a quarterly dividend on Thursday, August 3rd. Stockholders of record on Monday, August 14th will be paid a dividend of $1.38 per share on Thursday, August 17th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date is Thursday, August 10th. This is a boost from Macquarie Infrastructure Company's previous quarterly dividend of $1.32. View Macquarie Infrastructure Company's Dividend History.
How were Macquarie Infrastructure Company's earnings last quarter?
Macquarie Infrastructure Company (NYSE:MIC) announced its earnings results on Wednesday, August, 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by $0.26. The business had revenue of $438.99 million for the quarter, compared to analysts' expectations of $416.50 million. Macquarie Infrastructure Company had a return on equity of 5.71% and a net margin of 10.12%. View Macquarie Infrastructure Company's Earnings History.
When will Macquarie Infrastructure Company make its next earnings announcement?
Where is Macquarie Infrastructure Company's stock going? Where will Macquarie Infrastructure Company's stock price be in 2017?
4 analysts have issued 1 year target prices for Macquarie Infrastructure Company's shares. Their forecasts range from $83.00 to $93.00. On average, they anticipate Macquarie Infrastructure Company's stock price to reach $89.33 in the next twelve months. View Analyst Ratings for Macquarie Infrastructure Company.
Who are some of Macquarie Infrastructure Company's key competitors?
Who are Macquarie Infrastructure Company's key executives?
Macquarie Infrastructure Company's management team includes the folowing people:
- Martin Stephen William Stanley, Chairman of the Board
- James Hooke, Chief Executive Officer
- Liam Stewart, Chief Financial Officer
- Jay Davis, Vice President, Head of Investor Relations
- Michael E. Kernan, General Counsel, Secretary
- Norman H. Brown Jr., Independent Director
- George W. Carmany III, Independent Director
- Ronald Kirk, Independent Director
- Henry E. Lentz Jr., Independent Director
- Ouma Sananikone, Independent Director
Who owns Macquarie Infrastructure Company stock?
Macquarie Infrastructure Company's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.90%), Macquarie Group Ltd. (6.18%), Capital World Investors (3.83%), Principal Financial Group Inc. (2.99%), State Street Corp (2.22%) and Selz Capital LLC (1.26%). Company insiders that own Macquarie Infrastructure Company 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 Company.
Who sold Macquarie Infrastructure Company stock? Who is selling Macquarie Infrastructure Company stock?
Macquarie Infrastructure Company's stock was sold by a variety of institutional investors in the last quarter, including GCA Investment Management LLC, Cypress Funds LLC, Great West Life Assurance Co. Can, Bamco Inc. NY, Renaissance Technologies LLC, Schroder Investment Management Group, Sentry Investments Corp. and Kayne Anderson Capital Advisors LP. View Insider Buying and Selling for Macquarie Infrastructure Company.
Who bought Macquarie Infrastructure Company stock? Who is buying Macquarie Infrastructure Company stock?
Macquarie Infrastructure Company's stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Cibc World Markets Corp, Macquarie Group Ltd., Vanguard Group Inc., CIBC World Markets Inc., Great Lakes Advisors LLC, BNP Paribas Arbitrage SA and Dimensional Fund Advisors LP. Company insiders that have bought Macquarie Infrastructure Company stock in the last two years include James Hooke, Liam Stewart, Martin Stanley and Michael Kernan. View Insider Buying and Selling for Macquarie Infrastructure Company.
How do I buy Macquarie Infrastructure Company stock?
Shares of Macquarie Infrastructure Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Macquarie Infrastructure Company's stock price today?
MarketBeat Community Rating for Macquarie Infrastructure Company (NYSE MIC)MarketBeat's community ratings are surveys of what our community members think about Macquarie Infrastructure Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Macquarie Infrastructure Company stock can currently be purchased for approximately $72.11.
Consensus Ratings for Macquarie Infrastructure Company (NYSE:MIC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 3 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.75)|
|Consensus Price Target: ||$89.33 (23.88% upside)|
Analysts' Ratings History for Macquarie Infrastructure Company (NYSE:MIC)
(Data available from 8/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/18/2017||Barclays PLC||Downgrade||Overweight -> Hold||$89.00 -> $83.00||Low|
|3/21/2017||SunTrust Banks, Inc.||Initiated Coverage||Buy -> Buy||$92.00||Low|
|2/23/2017||Royal Bank Of Canada||Lower Price Target||Outperform -> Outperform||$98.00 -> $93.00||N/A|
|11/18/2016||Wells Fargo & Company||Reiterated Rating||Outperform||N/A|
|6/2/2016||Oppenheimer Holdings, Inc.||Reiterated Rating||Buy||N/A|
|3/27/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
Earnings History for Macquarie Infrastructure Company (NYSE:MIC)Earnings History by Quarter for Macquarie Infrastructure Company (NYSE MIC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.58||$0.32||$416.50 million||$438.99 million||View||Listen|
|2/21/2017||Q416||$0.59||$0.89||$244.46 million||$437.24 million||View||N/A|
|8/1/2016||Q216||$0.44||$0.24||$399.95 million||$397.60 million||View||N/A|
|5/2/2016||Q116||$0.47||$0.28||$434.44 million||$396.40 million||View||N/A|
|11/2/2015||Q315||$0.20||$0.13||$425.92 million||$415.71 million||View||N/A|
|8/3/2015||Q215||$0.29||($0.80)||$437.25 million||$423.68 million||View||N/A|
|5/4/2015||Q115||($0.56)||($1.22)||$442.50 million||$398.50 million||View||N/A|
|2/18/2015||Q414||$0.22||$0.30||$412.04 million||$405.10 million||View||N/A|
|10/29/2014||Q3||$0.45||($0.50)||$408.84 million||$388.60 million||View||Listen|
|7/30/2014||Q413||$0.28||$0.19||$325.99 million||$280.90 million||View||N/A|
|4/30/2014||Q1||$0.36||$0.36||$289.90 million||$276.20 million||View||Listen|
|10/28/2013||Q313||$0.44||$0.20||$271.40 million||$263.70 million||View||N/A|
|7/31/2013||Q2 2013||$0.48||$0.92||$269.03 million||$252.67 million||View||N/A|
Earnings Estimates for Macquarie Infrastructure Company (NYSE:MIC)
2017 EPS Consensus Estimate: $2.41
2018 EPS Consensus Estimate: $2.92
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Macquarie Infrastructure Company (NYSE:MIC)
|Most Recent Dividend:||8/17/2017|
|Dividend Growth:||26.10% (3 Year Average)|
|Payout Ratio:||255.56% (Trailing 12 Months of Earnings) |
277.39% (Based on This Year's Estimates)
208.30% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Macquarie Infrastructure Company (NYSE MIC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Macquarie Infrastructure Company (NYSE:MIC)
Insider Ownership Percentage: 5.90%Insider Trades by Quarter for Macquarie Infrastructure Company (NYSE:MIC)
Institutional Ownership Percentage: 86.15%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/3/2017||James Hooke||CEO||Buy||15,000||$74.15||$1,112,250.00|| |
|2/3/2017||Liam Stewart||CFO||Buy||2,500||$74.15||$185,375.00|| |
|2/3/2017||Martin Stanley||Director||Buy||4,000||$74.15||$296,600.00|| |
|2/3/2017||Michael Kernan||General Counsel||Buy||1,000||$74.15||$74,150.00|| |
|11/9/2016||Infrastructure Manag Macquarie||Director||Sell||2,870,000||$81.48||$233,847,600.00|| |
|8/16/2016||Norman H Brown Jr||Director||Sell||4,000||$80.17||$320,680.00|| |
|12/2/2015||George W. Carmany III||Director||Sell||10,000||$76.92||$769,200.00|| |
|3/2/2015||James Hooke||CEO||Buy||4,000||$80.00||$320,000.00|| |
|7/17/2014||James Hooke||CEO||Buy||2,830||$66.50||$188,195.00|| |
Headline Trends for Macquarie Infrastructure Company (NYSE:MIC)
Latest Headlines for Macquarie Infrastructure Company (NYSE:MIC)
Macquarie Infrastructure Company (MIC) Chart for Saturday, August, 19, 2017