NYSE:MICMacquarie Infrastructure Stock Price, Forecast & News

$31.27

+0.37 (+1.20 %)

(As of 07/3/2020 04:00 PM ET)

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Today's Range

$30.84

Now: $31.27▼

$31.75

50-Day Range

$27.43

MA: $29.82▼

$32.75

52-Week Range

$12.50

Now: $31.27▼

$45.93

Volume545,398 shs

Average Volume742,001 shs

Market Capitalization$2.72 billion

P/E Ratio27.67

Dividend Yield12.79%

Beta1.5

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^™

3.1 Analyst's Opinion

Consensus Rating
Macquarie Infrastructure has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 2 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $45.29, Macquarie Infrastructure has a potential upside of 44.8% from its current price of $31.27.
Amount of Analyst Coverage
Macquarie Infrastructure has only been the subject of 2 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Macquarie Infrastructure has received 423 “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 50.36% “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 12.79%, 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 102.30% 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 not sold or bought any 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 30.33% in the coming year, from $3.00 to $3.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Macquarie Infrastructure is 27.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Macquarie Infrastructure is 27.67, 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 17.01.
Price to Book Value per Share Ratio
Macquarie Infrastructure has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.02 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 Ratio27.67

Forward P/E Ratio10.42

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.73 billion

Price / Sales1.57

Cash Flow$7.78 per share

Price / Cash Flow4.02

Book Value$32.51 per share

Price / Book0.96

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$2.72 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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MIC shares have decreased by 8.9% and is now trading at $31.27. View which stocks have been most impacted by Coronavirus.

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 1 sell rating, 5 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) issued its quarterly earnings data on Tuesday, May, 5th. The conglomerate reported $0.13 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.18. The conglomerate earned $416 million during the quarter, compared to analysts' expectations 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 announced a quarterly dividend on Tuesday, February 25th. Investors 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 annualized dividend and a yield of 12.79%. The ex-dividend date of this dividend is Thursday, March 5th. View Macquarie Infrastructure's dividend history.

What price target have analysts set for MIC?

8 brokers have issued 12 month 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 $45.29 in the next year. This suggests a possible upside of 44.8% from the stock's current price. View analysts' price targets for Macquarie Infrastructure.

Has Macquarie Infrastructure been receiving favorable news coverage?

Media coverage about MIC stock has been trending negative on Monday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Macquarie Infrastructure earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned media headlines about the conglomerate a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Macquarie 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), Crossamerica Partners (CAPL) and NGL Energy Partners (NGL). 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."

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 $31.27.

How big of a company is Macquarie Infrastructure?

Macquarie Infrastructure has a market capitalization of $2.72 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 7/6/2020 by MarketBeat.com Staff

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