Macquarie Infrastructure Corporation is part of the industrials sector and transportation and logistics industry. The company CEO is Christopher Frost. Macquarie Infrastructure Corp is a infrastructure company which owns, operates, and invests in a diversified group of infrastructure businesses. Its business activities include airport refueling, automobile parking, water cooling, and gas distribution.



Previous Intraday Performance:

The MIC shares had a previous change of 0.44% which opened at 40.98 and closed at 40.92. It moved to an intraday high of 41.13 and a low of 40.74.

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Historical Performance:

Over the last five trading days, MIC shares returned -0.05% and in the past 30 trading days it returned 3.44%. Over three months, it changed 4.27%. In one year it has changed 8.45% and within that year its 52 week high was 47.74 and its 52 week low was 33.71. MIC stock is 21.39% above its 52 week low.

Our calculations result in a 200 day moving average of 39.78 and a 50 day moving average of 40.64. Right now, MIC stock is trading 2.87% above its 200 day moving average and may be a good opportunity to buy.

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Liquidity:

The company has a market cap of $3.5b with 86.0m shares outstanding and a float of 85.4m shares. Trading volume was 607,096 shares and has experienced an average volume of 592,107 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Macquarie Infrastructure Corporation was 1.6 which ended on 31st of December 2018, which according to the previous close, that is a PE of 25.58. Based on 1 analyst estimate, the estimated EPS for the next quarter is 1.12. The trailing twelve month EPS reported is 2.07 (trailing twelve month diluted EPS is 1.48).

Below was the last reported quarterly diluted earnings per share:

1stQtr 2019Reported 05-01-2019: 0.79
4thQtr 2018Reported 02-20-2019: -0.01
3rdQtr 2018Reported 10-31-2018: 0.25
2ndQtr 2018Reported 08-01-2018: 0.45
1stQtr 2018Reported 05-02-2018: 0.91

Base on our calculations, the intrinsic value per share is 63.86, which means it might be undervalued and has a margin of safety of 35.92%.

EPS growth is an important number as it indicates the future prospects of Macquarie Infrastructure Corporation; the EPS growth rate, as it is usually called, is typically displayed as a percentage, which at this time is hard to estimate, but revenue growth has been 5.90% over the last twelve months.



Indicators Also to Watch:

Based on the latest filings, there is 95.80% of institutional ownership. Short-interest was 3,854,351, which was 4.48% of shares outstanding. The short-interest ratio or days-to-cover ratio was 5.30. This stock has some short interest, but it might be normal and no need to worry if long the position.

The beta was calculated to be 1.41.

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Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 1.63%, profit margin is 6.69%, price-to-sales is 2.01 and price-to-book is 1.19.

Company Score Card:

Results are out of six:
 3  : Growth Expectations Result
 1  : Financial Safety Result
 1  : Past Performance Result
 1  : Valuation Result
 2  : Dividend Safety Result
 1  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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