Analysts Anticipate Landmark Infrastructure (LMRK) Will Announce Quarterly Sales of $16.62 Million

Wall Street analysts expect Landmark Infrastructure (NASDAQ:LMRK) to report sales of $16.62 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Landmark Infrastructure’s earnings, with the lowest sales estimate coming in at $16.00 million and the highest estimate coming in at $18.00 million. Landmark Infrastructure reported sales of $12.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 36.2%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, May 3rd.

On average, analysts expect that Landmark Infrastructure will report full year sales of $73.18 million for the current fiscal year, with estimates ranging from $67.68 million to $80.62 million. For the next fiscal year, analysts forecast that the business will report sales of $88.78 million per share, with estimates ranging from $76.73 million to $100.59 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Landmark Infrastructure.

Landmark Infrastructure (NASDAQ:LMRK) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.17. The firm had revenue of $14.48 million during the quarter, compared to analyst estimates of $15.55 million. Landmark Infrastructure had a return on equity of 10.41% and a net margin of 26.99%.

LMRK has been the subject of a number of recent research reports. B. Riley set a $20.00 price objective on shares of Landmark Infrastructure and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Robert W. Baird set a $19.00 price objective on shares of Landmark Infrastructure and gave the stock a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research raised shares of Landmark Infrastructure from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. BidaskClub raised shares of Landmark Infrastructure from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Wells Fargo initiated coverage on shares of Landmark Infrastructure in a research note on Monday, February 26th. They issued a “market perform” rating and a $18.50 price objective for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Landmark Infrastructure presently has an average rating of “Buy” and an average target price of $18.92.

NASDAQ:LMRK traded up $0.05 during trading hours on Friday, reaching $17.25. The company’s stock had a trading volume of 32,999 shares, compared to its average volume of 30,705. The company has a market capitalization of $430.10, a price-to-earnings ratio of 26.54 and a beta of 0.43. Landmark Infrastructure has a 12 month low of $15.10 and a 12 month high of $18.75. The company has a quick ratio of 6.44, a current ratio of 6.44 and a debt-to-equity ratio of 3.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be paid a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date is Monday, April 30th. Landmark Infrastructure’s dividend payout ratio (DPR) is 226.15%.

Large investors have recently modified their holdings of the stock. Brown Advisory Inc. acquired a new position in shares of Landmark Infrastructure during the fourth quarter worth $4,847,000. Green Square Capital LLC increased its position in shares of Landmark Infrastructure by 22.3% during the fourth quarter. Green Square Capital LLC now owns 1,255,072 shares of the financial services provider’s stock worth $22,717,000 after purchasing an additional 229,199 shares in the last quarter. Oxbow Advisors LLC increased its position in shares of Landmark Infrastructure by 280.1% during the fourth quarter. Oxbow Advisors LLC now owns 109,100 shares of the financial services provider’s stock worth $1,975,000 after purchasing an additional 80,400 shares in the last quarter. Orinda Asset Management LLC increased its position in shares of Landmark Infrastructure by 65.3% during the fourth quarter. Orinda Asset Management LLC now owns 194,729 shares of the financial services provider’s stock worth $3,525,000 after purchasing an additional 76,929 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of Landmark Infrastructure during the third quarter worth $788,000. 25.64% of the stock is owned by institutional investors.

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About Landmark Infrastructure

Landmark Infrastructure Partners LP acquires, owns, and manages a portfolio of real property interests and infrastructure assets in the United States. The company leases its real property interests and infrastructure assets to companies operating in the wireless communication, outdoor advertising, and renewable power generation industries.

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