Macquarie Infrastructure Corporation (MIC)
| Market Cap | 320.04M |
| Revenue (ttm) | 974.97M |
| Net Income (ttm) | -910.45M |
| Shares Out | 87.92M |
| EPS (ttm) | 30.41 |
| PE Ratio | 0.12 |
| Forward PE | n/a |
| Dividend | $48.39 (1,329.31%) |
| Ex-Dividend Date | Oct 8, 2021 |
| Volume | 350,466 |
| Open | 3.63 |
| Previous Close | 3.63 |
| Day's Range | 3.62 - 3.64 |
| 52-Week Range | 3.53 - 40.85 |
| Beta | 1.12 |
| Analysts | Hold |
| Price Target | 19.50 (+435.7%) |
| Earnings Date | Nov 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...
Financial Performance
Financial StatementsAnalyst Forecast
According to one analyst, the rating for MIC stock is "Hold" and the 12-month stock price forecast is 19.50.
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...
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...
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...
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.
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 (...
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...
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.
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...
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...
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...
Why Is Macquarie (MIC) Up 1.2% Since Last Earnings Report?
Macquarie (MIC) reported earnings 30 days ago. What's next for the stock?
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.
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?
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...
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...
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.
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.
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.
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...
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.
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...
Why Is Macquarie (MIC) Up 1% Since Last Earnings Report?
Macquarie (MIC) reported earnings 30 days ago. What's next for the stock?
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.
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?
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...