$0.56 EPS Expected for Macquarie Infrastructure Corporation (MIC)

October 14, 2018 - By Ellis Scott

Macquarie Infrastructure Corporation (NYSE:MIC) LogoInvestors sentiment decreased to 0.78 in 2018 Q2. Its down 0.19, from 0.97 in 2018Q1. It dived, 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.
Prelude Cap Mgmt Lc reported 0.14% in Macquarie Infrastructure Corporation (NYSE:MIC). Md Sass Invsts Svcs reported 2.88% stake. Prtn Gp Holdings Ag has 0.04% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 7,600 shares. Janney Montgomery Scott Limited Com has 62,841 shares for 0.03% of their portfolio. Sandy Spring Bancorporation stated it has 4,360 shares or 0.02% of all its holdings. First Manhattan invested in 0% or 1,245 shares. Gp One Trading Lp reported 2,518 shares. Amalgamated Bancshares reported 15,096 shares or 0.02% of all its holdings. First Washington reported 1.13% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Salem Investment Counselors Inc holds 59 shares. Jefferies Gp Lc, a New York-based fund reported 750 shares. 125 are owned by Lenox Wealth Management. Forest Hill Limited Liability Co has 1.26% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Glob X Management Ltd Liability Corporation, New York-based fund reported 2,491 shares. Ftb Advsr Inc reported 575 shares.

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. As per Friday, July 27, the company rating was maintained by JP Morgan. The stock has “Hold” rating by SunTrust on Sunday, April 22. The firm earned “Equal-Weight” rating on Wednesday, July 11 by Barclays Capital.

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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