Macquarie Infrastructure Corp (NYSE:MIC) posted its quarterly earnings results on Wednesday. The conglomerate reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.22), reports. Macquarie Infrastructure Corp had a return on equity of 5.71% and a net margin of 10.12%.
MIC has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Macquarie Infrastructure Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Macquarie Infrastructure Corp from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Tuesday, July 18th. Finally, Barclays PLC downgraded shares of Macquarie Infrastructure Corp from an “overweight” rating to a “hold” rating and cut their price target for the stock from $89.00 to $83.00 in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Macquarie Infrastructure Corp currently has an average rating of “Buy” and an average price target of $88.00.
COPYRIGHT VIOLATION WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2017/11/01/macquarie-infrastructure-corp-mic-announces-earnings-results.html.
About Macquarie Infrastructure Corp
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.
What are top analysts saying about Macquarie Infrastructure Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Macquarie Infrastructure Corp and related companies.