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Macquarie Infrastructure Corporation (MIC)

Stock Price: $30.94 USD 0.03 (0.10%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 2.69B
Revenue (ttm) 1.51B
Net Income (ttm) 78.00M
Shares Out 87.02M
EPS (ttm) 0.90
PE Ratio 34.38
Forward PE n/a
Dividend $4.00
Dividend Yield 12.93%

Stock Quote

Trading Day Aug 14, 2020
Last Price $30.94
Previous Close $30.91
Change ($) 0.03
Change (%) 0.10%
Day's Open 30.72
Day's Range 30.42 - 31.36
Day's Volume 480,010
52-Week Range 12.50 - 45.93

More Stats

Market Cap 2.69B
Enterprise Value 5.41B
Earnings Date (est) Oct 28, 2020
Ex-Dividend Date n/a
Shares Outstanding 87.02M
Float 73.02M
EPS (basic) 0.91
EPS (diluted) 0.90
FCF / Share 0.59
Dividend $4.00
Dividend Yield 12.93%
Earnings Yield 2.91%
FCF Yield 1.89%
Payout Ratio n/a
Shares Short 2.00M
Short Ratio 3.59
Short % of Float 3.35%
Beta 1.50
PE Ratio 34.38
Forward PE n/a
P/FCF Ratio 52.79
PS Ratio 1.79
PB Ratio 0.97
Revenue 1.51B
Operating Income 190.00M
Net Income 78.00M
Free Cash Flow 51.00M
Net Cash -2.71B
Net Cash / Share -31.18
Gross Margin 60.36%
Operating Margin 12.62%
Profit Margin 5.20%
FCF Margin 3.39%
ROA 2.07%
ROE 1.18%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (4)

Buy 1
Overweight 0
Hold 2
Underweight 0
Sell 1

Analyst Consensus: Hold

Price Target

$35.25*
(13.93% upside)
Low
30.0
Current: $30.94
High
42.0
Target: 35.25
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,7271,7611,6691,5021,6391,3511,0411,034989841
Revenue Growth-1.93%5.51%11.12%-8.37%21.34%29.77%0.67%4.58%17.6%-
Gross Profit909870901858919611421397383370
Operating Income289234282276-57.2336.8645.6429.5387.1876.10
Net Income156137451156-1091,04231.2513.3227.3490.67
Shares Outstanding86.1885.2383.2080.8978.0062.9951.3846.6446.0045.55
Earnings Per Share1.821.605.131.85-1.3916.100.610.290.591.99
EPS Growth13.75%-68.81%177.3%--2539.34%110.34%-50.85%-70.35%-
Dividend Per Share4.004.444.434.894.333.782.452.400.60-
Dividend Growth-9.91%0.23%-9.41%12.93%14.64%54.48%1.75%300.5%--
Operating Cash Flow42051952956038125215521891.0485.85
Capital Expenditures-260-177-214-257-194-124-111-39.29-33.76-22.69
Free Cash Flow16034231530318712843.9117957.2863.16
Cash & Equivalents35861268.1066.7041.3469.3028515635.5638.34
Total Debt3,0063,0143,0133,0952,8222,4521,0101,1761,1791,236
Net Cash / Debt-2,648-2,402-2,945-3,029-2,781-2,383-725-1,020-1,144-1,197
Assets6,8617,4448,0097,5597,3096,6252,5012,2242,1692,197
Liabilities4,0504,3274,6584,4124,1063,6551,3481,5261,4751,510
Book Value2,8022,9653,1542,9533,0302,7871,042655704691
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Macquarie Infrastructure Corporation
Country United States
Employees 3,379
CEO Christopher Timothy Frost

Stock Information

Ticker Symbol MIC
Stock Exchange New York Stock Exchange
Sector Industrials
Industry Airports & Air Services
Unique Identifier NYSE: MIC
IPO Date December 16, 2004

Description

Macquarie Infrastructure Corporation owns and operates a portfolio of infrastructure and infrastructure-like businesses that provide services to corporations, government agencies and individual customers primarily in the United States. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, various commodity and specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada. The Atlantic Aviation segment offers fuel delivery, de-icing, aircraft parking and hangar rental, and aircraft cleaning and catering services to owners/operators of jet aircraft, as well as for commercial, military, freight, and government aviation customers. The MIC Hawaii segment processes, distributes, and sells synthetic and renewable natural gas; and distributes and sells liquefied natural gas to industrial, commercial, residential, hospitality, military, public sector, and wholesale users. This segment's products are used in various applications, such as water heating, drying, cooking, emergency power generation, and other uses. The company was founded in 2004 and is headquartered in New York, New York.