EPS for Macquarie Infrastructure Corporation (MIC) Expected At $0.56

October 14, 2018 - By Darrin Black

Macquarie Infrastructure Corporation (NYSE:MIC) LogoInvestors sentiment decreased to 0.78 in Q2 2018. Its down 0.19, from 0.97 in 2018Q1. It worsened, as 56 investors sold Macquarie Infrastructure Corporation shares while 101 reduced holdings. 43 funds opened positions while 79 raised stakes. 60.21 million shares or 4.10% less from 62.79 million shares in 2018Q1 were reported.
Lmr Prtn Llp has invested 0.11% in Macquarie Infrastructure Corporation (NYSE:MIC). Parametric Portfolio Assocs Ltd Llc reported 361,534 shares. Price Cap invested in 0.35% or 16,793 shares. Axa stated it has 8,400 shares or 0% of all its holdings. Fort Washington Investment Advsr Oh invested in 56,530 shares. Miller Howard Incorporated owns 0.18% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 175,099 shares. 70,766 are owned by Rhumbline Advisers. The Massachusetts-based Grantham Mayo Van Otterloo & Com Ltd Liability has invested 0.05% in Macquarie Infrastructure Corporation (NYSE:MIC). Macquarie Ltd invested 0% in Macquarie Infrastructure Corporation (NYSE:MIC). Selz Lc accumulated 6.89% or 1.04 million shares. Waterfront Cap Partners Limited Liability Corporation has invested 2.35% in Macquarie Infrastructure Corporation (NYSE:MIC). Pnc Finance Svcs Group Incorporated accumulated 0% or 24,407 shares. Cullen Frost Bankers invested in 7,710 shares or 0.01% of the stock. Md Sass Invsts owns 2.88% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 542,635 shares. Moreover, Teewinot Cap Advisers Ltd Liability Corporation has 0.05% invested in Macquarie Infrastructure Corporation (NYSE:MIC).

Analysts expect Macquarie Infrastructure Corporation (NYSE:MIC) to report $0.56 EPS on November, 7.They anticipate $0.08 EPS change or 16.67 % from last quarter’s $0.48 EPS. MIC’s profit would be $47.81M giving it 18.86 P/E if the $0.56 EPS is correct. After having $0.45 EPS previously, Macquarie Infrastructure Corporation’s analysts see 24.44 % EPS growth. The stock decreased 0.80% or $0.34 during the last trading session, reaching $42.24. About 1.25M shares traded or 52.16% up from the average. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 36.27% since October 14, 2017 and is downtrending. It has underperformed by 51.89% the S&P500.

Macquarie Infrastructure Corporation (NYSE:MIC) Ratings Coverage

Among 3 analysts covering Macquarie Infrastructure Company (NYSE:MIC), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Macquarie Infrastructure Company had 3 analyst reports since April 22, 2018 according to SRatingsIntel. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) has “Neutral” rating given on Friday, July 27 by JP Morgan. The rating was maintained by Barclays Capital on Wednesday, July 11 with “Equal-Weight”. The firm has “Hold” rating given on Sunday, April 22 by SunTrust.

Macquarie Infrastructure Corporation, through its subsidiaries, owns and operates a portfolio of businesses that provide services to businesses, government agencies, and individuals. The company has market cap of $3.61 billion. It operates through four divisions: International-Matex Tank Terminals , Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. It has a 7.61 P/E ratio. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, chemicals, renewable fuels, and vegetable and animal oils at 10 marine terminals in the United States and 2 marine terminals in Canada.

More recent Macquarie Infrastructure Corporation (NYSE:MIC) news were published by: Businesswire.com which released: “MIC Announces Conversion Ratio Adjustment to Convertible Senior Notes Due 2023” on October 13, 2018. Also Businesswire.com published the news titled: “MIC To Conduct Conference Call and Webcast Covering Third Quarter 2018 Financial Results on Thursday, November …” on October 08, 2018. Globenewswire.com‘s news article titled: “Detailed Research: Economic Perspectives on Graco, Immunomedics, Concert Pharmaceuticals, Macquarie …” with publication date: October 12, 2018 was also an interesting one.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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