Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) Expected to Announce Quarterly Sales of $15.45 Million

Brokerages expect Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) to post $15.45 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Landmark Infrastructure Partners LP Unit’s earnings, with the highest sales estimate coming in at $16.16 million and the lowest estimate coming in at $14.69 million. Landmark Infrastructure Partners LP Unit posted sales of $17.56 million during the same quarter last year, which suggests a negative year-over-year growth rate of 12%. The company is scheduled to announce its next earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Landmark Infrastructure Partners LP Unit will report full year sales of $61.40 million for the current financial year, with estimates ranging from $60.16 million to $62.75 million. For the next financial year, analysts expect that the business will report sales of $68.50 million, with estimates ranging from $67.16 million to $69.85 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Landmark Infrastructure Partners LP Unit.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. The firm had revenue of $15.03 million for the quarter, compared to analyst estimates of $15.02 million. Landmark Infrastructure Partners LP Unit had a net margin of 193.25% and a return on equity of 8.75%.

A number of research firms have recently weighed in on LMRK. BidaskClub lowered shares of Landmark Infrastructure Partners LP Unit from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, ValuEngine lowered shares of Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.00.

Shares of NASDAQ:LMRK traded up $0.18 during midday trading on Friday, reaching $16.32. The company’s stock had a trading volume of 1,300 shares, compared to its average volume of 77,652. The firm has a market capitalization of $408.99 million, a PE ratio of 28.61, a P/E/G ratio of 6.38 and a beta of 0.90. Landmark Infrastructure Partners LP Unit has a twelve month low of $10.32 and a twelve month high of $17.54. The stock has a fifty day moving average of $16.61 and a 200 day moving average of $15.71. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.69.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Friday, August 2nd were given a dividend of $0.368 per share. This represents a $1.47 annualized dividend and a yield of 9.02%. The ex-dividend date of this dividend was Thursday, August 1st. This is a positive change from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. Landmark Infrastructure Partners LP Unit’s dividend payout ratio (DPR) is currently 257.89%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Landmark Infrastructure Partners LP Unit by 19.7% during the 2nd quarter. Royal Bank of Canada now owns 85,900 shares of the financial services provider’s stock worth $1,448,000 after acquiring an additional 14,157 shares during the period. Morgan Stanley lifted its holdings in shares of Landmark Infrastructure Partners LP Unit by 38.2% during the 2nd quarter. Morgan Stanley now owns 86,549 shares of the financial services provider’s stock worth $1,459,000 after acquiring an additional 23,908 shares during the period. Invesco Ltd. lifted its holdings in shares of Landmark Infrastructure Partners LP Unit by 1.4% during the 2nd quarter. Invesco Ltd. now owns 66,233 shares of the financial services provider’s stock worth $1,116,000 after acquiring an additional 938 shares during the period. Evercore Wealth Management LLC purchased a new position in shares of Landmark Infrastructure Partners LP Unit during the 2nd quarter worth about $192,000. Finally, HighTower Advisors LLC lifted its holdings in shares of Landmark Infrastructure Partners LP Unit by 6,721.0% during the 2nd quarter. HighTower Advisors LLC now owns 922,399 shares of the financial services provider’s stock worth $15,540,000 after acquiring an additional 908,876 shares during the period. 15.05% of the stock is currently owned by institutional investors and hedge funds.

About Landmark Infrastructure Partners LP Unit

Landmark Infrastructure Partners LP engages in the acquisition, ownership, and management of portfolio of real property interests. It operates through the following business segments: Wireless Communication, Outdoor Advertising, and Renewable Power Generation. The Wireless Communication segment involves the leasing real property interests to companies in the wireless communication industry.

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