Zacks: Brokerages Anticipate Landmark Infrastructure Partners LP Unit (LMRK) to Announce $0.09 Earnings Per Share

Brokerages expect Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) to announce earnings of $0.09 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Landmark Infrastructure Partners LP Unit’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.07. Landmark Infrastructure Partners LP Unit reported earnings of $0.12 per share in the same quarter last year, which would indicate a negative year over year growth rate of 25%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Landmark Infrastructure Partners LP Unit will report full-year earnings of $0.53 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.55. For the next year, analysts anticipate that the business will report earnings of $0.67 per share, with EPS estimates ranging from $0.55 to $0.78. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Landmark Infrastructure Partners LP Unit.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $14.39 million during the quarter, compared to analyst estimates of $15.59 million. Landmark Infrastructure Partners LP Unit had a net margin of 182.88% and a return on equity of 9.42%.

A number of brokerages recently weighed in on LMRK. Zacks Investment Research raised shares of Landmark Infrastructure Partners LP Unit from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. ValuEngine raised shares of Landmark Infrastructure Partners LP Unit from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, BidaskClub raised shares of Landmark Infrastructure Partners LP Unit from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Landmark Infrastructure Partners LP Unit currently has a consensus rating of “Buy” and an average price target of $17.00.

In related news, Director Gerald A. Tywoniuk sold 1,913 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $14.50, for a total value of $27,738.50. Following the completion of the transaction, the director now directly owns 3,271 shares of the company’s stock, valued at approximately $47,429.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of LMRK. Avalon Advisors LLC boosted its stake in shares of Landmark Infrastructure Partners LP Unit by 153.0% during the 1st quarter. Avalon Advisors LLC now owns 120,166 shares of the financial services provider’s stock worth $2,038,000 after buying an additional 72,676 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Landmark Infrastructure Partners LP Unit by 382.6% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 66,600 shares of the financial services provider’s stock worth $1,130,000 after buying an additional 52,800 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Landmark Infrastructure Partners LP Unit during the 1st quarter worth about $853,000. Green Square Capital LLC boosted its stake in shares of Landmark Infrastructure Partners LP Unit by 3.4% during the 4th quarter. Green Square Capital LLC now owns 1,308,786 shares of the financial services provider’s stock worth $15,090,000 after buying an additional 43,424 shares during the last quarter. Finally, Corundum Group Inc. acquired a new position in shares of Landmark Infrastructure Partners LP Unit during the 4th quarter worth about $498,000. Institutional investors own 17.93% of the company’s stock.

Shares of NASDAQ LMRK opened at $15.94 on Thursday. The firm has a market capitalization of $392.75 million, a P/E ratio of 27.96, a P/E/G ratio of 5.17 and a beta of 0.82. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.14 and a quick ratio of 3.14. Landmark Infrastructure Partners LP Unit has a 1-year low of $10.32 and a 1-year high of $17.01.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a $0.368 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This is a positive change from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. This represents a $1.47 dividend on an annualized basis and a yield of 9.23%. Landmark Infrastructure Partners LP Unit’s dividend payout ratio is presently 257.89%.

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.

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