Last $67.50 USD
Change Today -0.59 / -0.87%
Volume 1.4M
MIC On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

macquarie infrastructure co (MIC) Snapshot

Open
$67.55
Previous Close
$68.09
Day High
$67.98
Day Low
$66.21
52 Week High
07/8/14 - $68.41
52 Week Low
01/9/14 - $51.52
Market Cap
3.8B
Average Volume 10 Days
562.0K
EPS TTM
$1.13
Shares Outstanding
56.5M
EX-Date
08/7/14
P/E TM
59.9x
Dividend
$3.80
Dividend Yield
5.33%
Current Stock Chart for MACQUARIE INFRASTRUCTURE CO (MIC)

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macquarie infrastructure co (MIC) Details

Macquarie Infrastructure Company LLC, through its subsidiaries, owns, operates, and invests in infrastructure businesses that provide services to businesses and individuals primarily in the United States. The company offers bulk liquid storage and handling services for petroleum products, various chemicals, renewable fuels, and vegetable and animal oils at 10 marine terminals in the United States and 2 in Canada; and environmental emergency responses, industrial services, and waste transportation and disposal services. It also processes and distributes synthetic natural gas to its utility customers in Oahu; and distributes liquefied petroleum gas to utility and non-utility customers in Oahu, Hawaii, Maui, Kauai, Molokai, and Lanai. In addition, the company offers fueling and fuel-related services, aircraft parking, and hangar services to owners/operators of jet aircraft primarily in the general aviation, commercial, military, freight, and government aviation sectors at 63 airports in the United States. Further, it has interests in five contracted solar photovoltaic power generation facilities located in the southwest United States; and produces and distributes chilled water through a closed loop of underground piping for use in the air conditioning systems of large commercial, retail, and residential buildings, as well as hot water to customers. Macquarie Infrastructure Company LLC was founded in 2004 and is headquartered in New York, New York.

2,000 Employees
Last Reported Date: 02/19/14
Founded in 2004

macquarie infrastructure co (MIC) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $3.1M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $764.3K
Compensation as of Fiscal Year 2013.

macquarie infrastructure co (MIC) Key Developments

Macquarie Infrastructure Company LLC Announces Increase in Second Quarter Cash Dividend Payable on August 14, 2014

Macquarie Infrastructure Company LLC announced that it has entered into an agreement to acquire the 50% of International-Matex Tank Terminals, or IMTT, it does not currently own. The company noted that with the signing of the acquisition agreement, its board has authorized an increase in the company's quarterly cash dividend. The dividend payable for the second quarter of 2014 will be $0.95 per share, or $3.80 annualized, up 1.3% from the dividend paid for the first quarter of 2014. The increased dividend will be payable on August 14, 2014 to shareholders of record on August 11, 2014.

Macquarie Infrastructure Company LLC Presents at Oppenheimer 9th Annual Industrials Growth Conference, May-13-2014 03:45 PM

Macquarie Infrastructure Company LLC Presents at Oppenheimer 9th Annual Industrials Growth Conference, May-13-2014 03:45 PM. Venue: InterContinental The Barclay Hotel, 111 East 48(th) Street, New York, New York, United States. Speakers: James Hooke, Chief Executive Officer.

Macquarie Infrastructure Company LLC Announces Cash Dividend for the First Quarter of 2014, Payable on May 15, 2014; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Cash Flow Guidance for the Year 2014

Macquarie Infrastructure Company LLC announced that its Board of Directors authorized a cash dividend of $0.9375, or $3.75 annualized, per share for the first quarter of 2014. The cash dividend will be payable on May 15, 2014 to shareholders of record on May 12, 2014. The 2.7% increase in the dividend reflects the improved first quarter performance of the company's businesses and investments and its stated policy of targeting a distribution of between 80% and 85% of its proportionately combined Free Cash Flow. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue was $276,195,000 against $264,206,000 a year ago. Operating income was $27,625,000 against $8,348,000 a year ago. Net income before income taxes was $28,646,000 against $11,216,000 a year ago. Net income attributable to the company was $20,366,000 or $0.36 per basic and diluted share against $5,871,000 or $0.12 per basic and diluted share a year ago. Net cash provided by operating activities was $59,077,000 against $33,669,000 a year ago. Purchases of property and equipment were $21,613,000 against $14,834,000 a year ago. EBITDA excluding non-cash items was $68,792,000 against $55,361,000 a year ago. Maintenance capital expenditures were $2,825,000 against $2,617,000 a year ago. Free cash flow was $52,794,000 against $44,295,000 a year ago. The company's full-year guidance for proportionately combined free cash flow of between $4.35 and $4.50 per share associated with the implementation of certain cost and tax reduction strategies at IMTT in particular.

 

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MIC

Industry Average

Valuation MIC Industry Range
Price/Earnings 79.8x
Price/Sales 3.6x
Price/Book 3.8x
Price/Cash Flow 31.4x
TEV/Sales 2.4x
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