Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) Expected to Announce Quarterly Sales of $13.51 Million

Equities research analysts forecast that Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) will post sales of $13.51 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Landmark Infrastructure Partners LP Unit’s earnings. The highest sales estimate is $14.22 million and the lowest is $12.81 million. Landmark Infrastructure Partners LP Unit reported sales of $15.03 million in the same quarter last year, which indicates a negative year over year growth rate of 10.1%. The business is expected to report its next quarterly earnings report on Wednesday, August 5th.

According to Zacks, analysts expect that Landmark Infrastructure Partners LP Unit will report full-year sales of $57.25 million for the current financial year, with estimates ranging from $56.46 million to $58.04 million. For the next financial year, analysts anticipate that the business will post sales of $63.49 million, with estimates ranging from $60.19 million to $66.80 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Landmark Infrastructure Partners LP Unit.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last issued its quarterly earnings data on Thursday, February 27th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.19). Landmark Infrastructure Partners LP Unit had a return on equity of 12.44% and a net margin of 21.43%. The company had revenue of $15.52 million for the quarter, compared to the consensus estimate of $15.27 million.

Several research firms recently commented on LMRK. Royal Bank of Canada cut Landmark Infrastructure Partners LP Unit from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $17.00 to $9.00 in a research note on Thursday, April 23rd. B. Riley decreased their target price on Landmark Infrastructure Partners LP Unit from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. BidaskClub cut Landmark Infrastructure Partners LP Unit from a “hold” rating to a “sell” rating in a research note on Monday, April 27th. Finally, Zacks Investment Research raised Landmark Infrastructure Partners LP Unit from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, May 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Landmark Infrastructure Partners LP Unit currently has an average rating of “Hold” and a consensus price target of $13.25.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Holdings Inc. purchased a new stake in shares of Landmark Infrastructure Partners LP Unit in the first quarter worth approximately $185,000. Invesco Ltd. grew its holdings in Landmark Infrastructure Partners LP Unit by 17.0% during the first quarter. Invesco Ltd. now owns 74,996 shares of the financial services provider’s stock worth $792,000 after buying an additional 10,891 shares in the last quarter. Morgan Stanley raised its position in Landmark Infrastructure Partners LP Unit by 252.3% in the 1st quarter. Morgan Stanley now owns 199,349 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 142,772 shares during the last quarter. Cpwm LLC bought a new position in Landmark Infrastructure Partners LP Unit during the 1st quarter valued at $835,000. Finally, Corundum Group Inc. bought a new position in Landmark Infrastructure Partners LP Unit during the 1st quarter valued at $370,000. 16.49% of the stock is owned by hedge funds and other institutional investors.

NASDAQ LMRK traded up $0.41 during trading hours on Monday, hitting $10.18. 107,622 shares of the company’s stock were exchanged, compared to its average volume of 91,103. The stock has a 50-day simple moving average of $10.45 and a 200 day simple moving average of $14.21. Landmark Infrastructure Partners LP Unit has a 1-year low of $7.05 and a 1-year high of $18.45. The firm has a market cap of $248.92 million, a price-to-earnings ratio of 17.45 and a beta of 1.14. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 2.33.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.80 annualized dividend and a yield of 7.86%. Landmark Infrastructure Partners LP Unit’s payout ratio is 123.08%.

Landmark Infrastructure Partners LP Unit Company Profile

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.

Recommended Story: What is the strike price in options trading?

Get a free copy of the Zacks research report on Landmark Infrastructure Partners LP Unit (LMRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Landmark Infrastructure Partners LP Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landmark Infrastructure Partners LP Unit and related companies with MarketBeat.com's FREE daily email newsletter.