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NYSE:MICMacquarie Infrastructure Stock Price, Forecast & News

$28.39
-0.64 (-2.20 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$27.77
Now: $28.39
$28.93
50-Day Range
$22.17
MA: $26.60
$29.40
52-Week Range
$12.50
Now: $28.39
$45.93
Volume1.22 million shs
Average Volume1.23 million shs
Market Capitalization$2.47 billion
P/E Ratio25.12
Dividend Yield14.09%
Beta1.49
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: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.02 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.73 billion
Cash Flow$7.78 per share
Book Value$32.51 per share

Profitability

Net Income$156 million

Miscellaneous

Employees1,999
Market Cap$2.47 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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MIC shares have decreased by 17.3% and is now trading at $28.39. 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, 4 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 Wednesday, July 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 results on Tuesday, May, 5th. The conglomerate reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.31 by $0.18. The conglomerate had revenue of $416 million for the quarter, compared to analysts' expectations of $457.60 million. Macquarie Infrastructure had a return on equity of 12.51% and a net margin of 5.84%. 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. Investors 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 annualized dividend and a dividend yield of 14.09%. The ex-dividend date is Thursday, March 5th. View Macquarie Infrastructure's dividend history.

What price target have analysts set for MIC?

7 analysts have issued 1-year target prices for Macquarie Infrastructure's shares. Their forecasts range from $26.00 to $61.00. On average, they expect Macquarie Infrastructure's share price to reach $47.50 in the next year. This suggests a possible upside of 67.3% from the stock's current price. View analysts' price targets for Macquarie Infrastructure.

Has Macquarie Infrastructure been receiving favorable news coverage?

Press coverage about MIC stock has been trending extremely negative recently, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Macquarie Infrastructure earned a news impact score of -5.0 on InfoTrie's scale. They also assigned headlines about the conglomerate a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutMacquarie Infrastructure.

Who are some of Macquarie Infrastructure's key 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 major 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 major investors are buying Macquarie Infrastructure stock?

MIC stock was purchased 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, TCW Group Inc., Deutsche Bank AG, Balyasny Asset Management LLC, Gabelli Funds LLC, and Cohen & Steers Inc.. 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 $28.39.

How big of a company is Macquarie Infrastructure?

Macquarie Infrastructure has a market capitalization of $2.47 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 6/1/2020 by MarketBeat.com Staff

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