Headlines about Macquarie Infrastructure (NYSE:MIC) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Macquarie Infrastructure earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the conglomerate an impact score of 46.7485986571428 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- TEGNA Inc. (TGNA) has a value of $12.90 per share While Macquarie Infrastructure Corporation (MIC) is stand at $72.87 – Stocks Gallery (stocksgallery.com)
- Notification of Share Purchase Transaction by Millicom CEO (finance.yahoo.com)
- [$$] Macquarie Collects $3.3 Billion for Latest North American Infrastructure Fund (finance.yahoo.com)
- Notification of Share Purchase Transaction by Millicom Chairman (finance.yahoo.com)
- Macquarie Infrastructure Company (MIC) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Shares of Macquarie Infrastructure (MIC) traded up 0.16% during trading on Friday, reaching $74.60. The company had a trading volume of 378,148 shares. Macquarie Infrastructure has a 52-week low of $71.23 and a 52-week high of $85.45. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 35.87 and a beta of 0.87. The stock has a 50 day moving average of $74.63 and a 200 day moving average of $77.54.
Macquarie Infrastructure (NYSE:MIC) last issued its earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.26. Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. The business had revenue of $438.99 million during the quarter, compared to the consensus estimate of $416.50 million. Equities research analysts forecast that Macquarie Infrastructure will post $1.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a $1.38 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $5.52 dividend on an annualized basis and a yield of 7.40%. This is a boost from Macquarie Infrastructure’s previous quarterly dividend of $1.32. Macquarie Infrastructure’s dividend payout ratio (DPR) is currently 255.56%.
Several analysts have recently weighed in on the company. BidaskClub downgraded Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded Macquarie Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Barclays PLC downgraded Macquarie Infrastructure from an “overweight” rating to a “hold” rating and reduced their target price for the company from $89.00 to $83.00 in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $88.75.
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Macquarie Infrastructure Company Profile
Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.
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