Landmark Infrastructure Partners LP Unit (LMRK) Expected to Post Quarterly Sales of $15.02 Million

Analysts expect Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) to report $15.02 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Landmark Infrastructure Partners LP Unit’s earnings, with the lowest sales estimate coming in at $14.58 million and the highest estimate coming in at $15.28 million. Landmark Infrastructure Partners LP Unit reported sales of $16.80 million during the same quarter last year, which suggests a negative year-over-year growth rate of 10.6%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Landmark Infrastructure Partners LP Unit will report full year sales of $61.76 million for the current fiscal year, with estimates ranging from $59.23 million to $63.30 million. For the next fiscal year, analysts anticipate that the company will report sales of $68.69 million, with estimates ranging from $65.84 million to $70.38 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Landmark Infrastructure Partners LP Unit.

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

A number of equities research analysts have issued reports on the company. BidaskClub upgraded Landmark Infrastructure Partners LP Unit from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Zacks Investment Research upgraded Landmark Infrastructure Partners LP Unit from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, ValuEngine downgraded Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Landmark Infrastructure Partners LP Unit currently has an average rating of “Buy” and a consensus price target of $17.00.

In other news, Director Gerald A. Tywoniuk sold 1,913 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $14.50, for a total transaction of $27,738.50. Following the transaction, the director now owns 3,271 shares of the company’s stock, valued at $47,429.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.65% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LMRK. Renaissance Technologies LLC bought a new stake in Landmark Infrastructure Partners LP Unit during the 3rd quarter valued at $367,000. Marshall Wace LLP bought a new stake in Landmark Infrastructure Partners LP Unit during the 3rd quarter valued at $474,000. Virtu Financial LLC purchased a new stake in shares of Landmark Infrastructure Partners LP Unit during the 4th quarter valued at $254,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Landmark Infrastructure Partners LP Unit during the 4th quarter valued at $173,000. Finally, Advisor Group Inc. lifted its holdings in shares of Landmark Infrastructure Partners LP Unit by 266.7% during the 4th quarter. Advisor Group Inc. now owns 3,300 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 2,400 shares during the last quarter. 17.93% of the stock is currently owned by hedge funds and other institutional investors.

LMRK stock traded up $0.08 during midday trading on Friday, reaching $15.78. 42,707 shares of the company traded hands, compared to its average volume of 135,138. Landmark Infrastructure Partners LP Unit has a 52-week low of $10.32 and a 52-week high of $17.01. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.14 and a quick ratio of 3.14. The company has a market cap of $399.83 million, a PE ratio of 27.68, a price-to-earnings-growth ratio of 5.73 and a beta of 0.82.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a dividend of $0.368 per share. This is a boost from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, April 30th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.33%. Landmark Infrastructure Partners LP Unit’s dividend payout ratio is currently 257.89%.

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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