Macquarie Infrastructure Corporation (MIC)

NYSE: MIC · IEX Real-Time Price · USD
3.64 0.01 (0.28%)
Jan 18, 2022 2:55 PM EST - Market open
Market Cap320.04M
Revenue (ttm)974.97M
Net Income (ttm)-910.45M
Shares Out87.92M
EPS (ttm)30.41
PE Ratio0.12
Forward PEn/a
Dividend$48.39 (1,329.31%)
Ex-Dividend DateOct 8, 2021
Volume350,466
Open3.63
Previous Close3.63
Day's Range3.62 - 3.64
52-Week Range3.53 - 40.85
Beta1.12
AnalystsHold
Price Target19.50 (+435.7%)
Earnings DateNov 8, 2021

About MIC

Macquarie Infrastructure Holdings, LLC, through its subsidiaries, invests in infrastructure and infrastructure-like businesses that provide services to corporations, government agencies and individual customers primarily in the United States. It operates through three segments: Atlantic Aviation, MIC Hawaii, and Corporate and Other. The Atlantic Aviation segment offers fuel delivery; aircraft hangar rental; and other services, consisting of de-icing services, landing, concession, transient overnight hangar usage, terminal use, fuel distribution...

IndustryTransportation Infrastructure
IPO DateDec 16, 2004
Employees2,224
Stock ExchangeNYSE
Ticker SymbolMIC
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to one analyst, the rating for MIC stock is "Hold" and the 12-month stock price forecast is 19.50.

Price Target
$19.50
(435.71% upside)
Analyst Consensus: Hold

News

MIC Reports Third Quarter 2021 Financial And Operational Results

NEW YORK, Nov. 2, 2021 /PRNewswire/ -- Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the "Company") today announced its financial and operational results from continuing operations for the third q...

2 months ago - PRNewsWire

Macquarie Infrastructure Holdings, LLC Announces Results of Offer to Repurchase Its 2.00% Convertible Senior Notes Du...

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Holdings, LLC (“MIC” or the “Company”) (NYSE: MIC) today announced the results of its offer to repurchase for cash (the “Offer to Repurchase”) any and...

2 months ago - Business Wire

MIC Announces Conversion Ratio Adjustment to Convertible Senior Notes Due 2023

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the “Company”) announced an adjustment to the conversion ratio applicable to its 2.00% Convertible Senior Notes due 2023. T...

3 months ago - Business Wire

Macquarie (MIC) to Buy Back Notes, Sells Atlantic Aviation

Macquarie (MIC) plans to repurchase convertible senior notes and completes the divestment of Atlantic Aviation. It is due to complete the sale of the MIC Hawaii businesses in the first half of 2022.

3 months ago - Zacks Investment Research

MIC Announces Offer to Repurchase All 2.00% Convertible Senior Notes Due 2023

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (“MIC” or the “Company”) today announced an Offer to Repurchase any and all of its 2.00% Convertible Senior Notes due 2023 (...

3 months ago - Business Wire

MIC Announces Closing of Sale of Atlantic Aviation, Record Date for Distribution of Proceeds of $37.386817 per Unit

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (“MIC” “Company” or “LLC”), successor to Macquarie Infrastructure Corporation, today announced the closing of the sale of it...

3 months ago - Business Wire

Macquarie (MIC) Receives Shareholder Approval for Divestments

Macquarie's (MIC) sale of the Atlantic Aviation and MIC Hawaii businesses are part of its strategic alternatives announced in October 2019. The moves will help it strengthen shareholder value.

3 months ago - Zacks Investment Research

MIC Announces Completion of Reorganization Into Limited Liability Company

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the “Company”), today announced the completion of a previously approved corporate reorganization. As a result of the reorga...

3 months ago - Business Wire

MIC Announces Results of Voting at Special Meeting of Shareholders

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE: MIC) (“MIC” or ”Company”), today announced the results of shareholder voting on its proposed sale of its Atlantic Aviation business...

3 months ago - Business Wire

Cincinnati Bell Inc. Acquisition by Macquarie Infrastructure Partners V Finalized in $2.9 Billion Transaction

CINCINNATI--(BUSINESS WIRE)--Cincinnati Bell Inc. today announced the completion of its acquisition by Macquarie Infrastructure Partners V (“MIP”), an Americas-focused unlisted infrastructure fund manag...

4 months ago - Business Wire

Why Is Macquarie (MIC) Up 1.2% Since Last Earnings Report?

Macquarie (MIC) reported earnings 30 days ago. What's next for the stock?

4 months ago - Zacks Investment Research

Macquarie (MIC) Q2 Earnings & Revenues Beat Estimates, Rise Y/Y

Macquarie's (MIC) second-quarter 2021 revenues increase year over year on account of impressive performance across its segments.

5 months ago - Zacks Investment Research

Macquarie (MIC) Beats Q2 Earnings and Revenue Estimates

Macquarie (MIC) delivered earnings and revenue surprises of 31.82% and 24.69%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

MIC Reports Second Quarter 2021 Financial And Operational Results

NEW YORK, Aug. 3, 2021 /PRNewswire/ -- Macquarie Infrastructure Corporation (NYSE: MIC) (the "Company") today provided an update on the previously announced sales of its Atlantic Aviation and MIC Hawaii...

5 months ago - PRNewsWire

MIC Announces Record Date and Meeting Date for Special Meeting of Shareholders

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE: MIC) (the “Company”) today announced that its Board of Directors set August 23, 2021 as the record date for a Special Meeting of Sh...

5 months ago - Business Wire

Analysts Estimate Macquarie (MIC) to Report a Decline in Earnings: What to Look Out for

Macquarie (MIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research

Here's Why You Should Consider Investing in Macquarie (MIC)

Macquarie (MIC) stands to benefit from recovery of general aviation flight activity, cost-reduction actions, growth capital projects and shareholder-friendly policies.

6 months ago - Zacks Investment Research

Macquarie (MIC) to Divest MIC Hawaii to Argo Infrastructure

Macquarie's (MIC) divestment of the MIC Hawaii segment will help it unlock additional shareholder value. The divestment completion is expected in the first half of 2022.

7 months ago - Zacks Investment Research

Macquarie Infrastructure Corporation Announces Agreement to Sell MIC Hawaii; Completes Pursuit of Strategic Alternatives

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE: MIC) (“MIC” or “the Company”) today announced the culmination of its strategic alternatives process by signing a merger agreement w...

7 months ago - Business Wire

Why Macquarie Infrastructure Stock Rallied 11% at the Open Today

The infrastructure company inked a deal to sell some assets. Investors are expecting a nice payday.

7 months ago - The Motley Fool

Macquarie Infrastructure Corporation Announces Agreement to Sell Atlantic Aviation to KKR for $4.475 Billion

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE: MIC) and KKR today announced the signing of a definitive agreement for MIC to sell its Atlantic Aviation business to KKR for $4.475...

7 months ago - Business Wire

Why Is Macquarie (MIC) Up 1% Since Last Earnings Report?

Macquarie (MIC) reported earnings 30 days ago. What's next for the stock?

7 months ago - Zacks Investment Research

Macquarie (MIC) Q1 Earnings and Revenues Beat Estimates

Macquarie's (MIC) first-quarter 2021 net sales decrease 7.1% year over year on lackluster performance across its segments.

8 months ago - Zacks Investment Research

Macquarie (MIC) Beats Q1 Earnings and Revenue Estimates

Macquarie (MIC) delivered earnings and revenue surprises of 25.00% and 9.62%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

MIC Reports First Quarter 2021 Financial And Operational Results

NEW YORK, May 4, 2021 /PRNewswire/ -- Macquarie Infrastructure Corporation (NYSE: MIC) (the "Company") today announced its operational and financial results for the first quarter 2021. The results refle...

8 months ago - PRNewsWire