$0.57 EPS Expected for Macquarie Infrastructure Corporation (MIC)

April 17, 2018 - By Linda Rogers

Macquarie Infrastructure Corporation (NYSE:MIC) LogoInvestors sentiment decreased to 1.24 in Q4 2017. Its down 0.22, from 1.46 in 2017Q3. It dived, as 40 investors sold Macquarie Infrastructure Corporation shares while 103 reduced holdings. 53 funds opened positions while 125 raised stakes. 64.11 million shares or 1.58% more from 63.11 million shares in 2017Q3 were reported.
Michael And Susan Dell Foundation accumulated 1.26M shares or 53.96% of the stock. Frontier Commerce Ltd Liability Company has 611,237 shares for 0.29% of their portfolio. Wellington Mngmt Ltd Liability Partnership invested in 11,400 shares or 0% of the stock. Patten & Patten Tn stated it has 1.04% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Susquehanna International Grp Llp reported 36,677 shares or 0% of all its holdings. Wespac Advsrs Ltd holds 9,554 shares or 0.57% of its portfolio. Blair William & Il has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 4,983 shares. E&G Advisors L P has 4,370 shares. Salem Counselors Inc has 59 shares for 0% of their portfolio. One Trading L P owns 6,735 shares. Selz Cap Llc has 1.01M shares. Ironsides Asset Advsr Ltd Liability Com holds 0.08% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 3,240 shares. Millennium Mngmt Ltd invested 0% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Geode Capital Mngmt Ltd reported 655,196 shares. Panagora Asset Mgmt invested in 0% or 2,377 shares.

Analysts expect Macquarie Infrastructure Corporation (NYSE:MIC) to report $0.57 EPS on May, 2.They anticipate $0.13 EPS change or 29.55 % from last quarter’s $0.44 EPS. MIC’s profit would be $48.39M giving it 17.30 P/E if the $0.57 EPS is correct. After having $0.59 EPS previously, Macquarie Infrastructure Corporation’s analysts see -3.39 % EPS growth. The stock increased 0.84% or $0.33 during the last trading session, reaching $39.45. About 548,420 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since April 17, 2017 and is downtrending. It has underperformed by 65.67% the S&P500.

Macquarie Infrastructure Corporation (NYSE:MIC) Ratings Coverage

Among 5 analysts covering Macquarie Infrastructure Company (NYSE:MIC), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Macquarie Infrastructure Company had 9 analyst reports since October 29, 2017 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, January 16 with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Monday, November 6. The firm has “Buy” rating given on Thursday, November 2 by SunTrust. The firm earned “Neutral” rating on Thursday, February 22 by JP Morgan. RBC Capital Markets maintained the shares of MIC in report on Friday, February 23 with “Buy” rating. On Friday, February 23 the stock rating was downgraded by Wells Fargo to “Market Perform”. The company was maintained on Sunday, October 29 by RBC Capital Markets. On Thursday, February 22 the stock rating was downgraded by SunTrust to “Hold”.

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 $3.35 billion. It operates through four divisions: International-Matex Tank Terminals , Atlantic Aviation, Contracted Power (CP), and MIC Hawaii. It has a 7.69 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.

Macquarie Infrastructure Corporation (NYSE:MIC) Institutional Positions Chart

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