Fiscal Year Earnings Estimate on Macquarie Infrastructure Company(MIC)

Macquarie Infrastructure Company(MIC): For the most recent quarter end, Macquarie Infrastructure Company reported Annual Earnings of $0.89. Based on the filings, last years Annual Earnings was, $1.85. For the most recent quarter end, MIC reported a surprise Earnings per Share of 50.85% . and for the current fiscal year, the estimate is $2.98. For the Next fiscal year, the estimate is $3.34 based on the consensus.

Macquarie Infrastructure Company reported better than expected with a surprise EPS of 50.85% or $0.3 during its most recent quarterly earnings. The Actual EPS was $0.89 compared to the Estimated EPS of $0.59.

Macquarie Infrastructure Corp Last issued its quarterly earnings results on Nov 2, 2015. The company reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.23. Analyst had a consensus of $0.36. The company had revenue of $415.71 million for the quarter, compared to analysts expectations of $428.12 million. The companys revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.87 EPS.

Company has reported several Insider transactions to the SEC, on Feb 3, 2017, Infrastructure Manag Macquarie (director) sold 23,500 shares at 74.15 per share price.On Feb 3, 2017, Jay Davis (Vice President) purchased 1,000 shares at 74.15 per share price.On Feb 3, 2017, Martin Stanley (director) purchased 4,000 shares at 74.15 per share price.

Macquarie Infrastructure Company (NYSE:MIC) witnessed a decline in the market cap on Wednesday as its shares dropped 1.59% or 1.24 points. After the session commenced at $79.11, the stock reached the higher end at $79.11 while it hit a low of $76.77. With the volume soaring to 1,309,990 shares, the last trade was called at $76.93. The company has a 52-week high of $85.45. The company has a market cap of $6,296 million and there are 81,834,348 shares in outstanding. The 52-week low of the share price is $58.89.

Macquarie owns, operate and invests in a diversified group of infrastructure businesses, which provide basic, everyday services, in the United States and other developed countries. Its initial businesses and investments consist of an airport services business (Atlantic and AvPorts), an airport parking business (PCAA and Avistar) and a district energy business (Thermal Chicago and Northwind Aladdin), a UK regulated water utility and in Macquarie Communications Infrastructure Group.


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