Zacks: Analysts Expect Landmark Infrastructure Partners LP (LMRK) Will Post Quarterly Sales of $13.63 Million

Wall Street brokerages expect Landmark Infrastructure Partners LP (NASDAQ:LMRK) to post $13.63 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Landmark Infrastructure Partners’ earnings. The highest sales estimate is $14.65 million and the lowest is $13.00 million. Landmark Infrastructure Partners posted sales of $7.85 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 73.6%. The business is expected to announce its next quarterly earnings results on Tuesday, August 1st.

On average, analysts expect that Landmark Infrastructure Partners will report full-year sales of $13.63 million for the current year, with estimates ranging from $56.40 million to $61.53 million. For the next financial year, analysts expect that the company will post sales of $73.88 million per share, with estimates ranging from $72.70 million to $74.68 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Landmark Infrastructure Partners.

Landmark Infrastructure Partners (NASDAQ:LMRK) last released its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.09. The business had revenue of $12.20 million for the quarter, compared to analyst estimates of $12.56 million. Landmark Infrastructure Partners had a return on equity of 9.42% and a net margin of 26.10%.

Several analysts have recently commented on the company. FBR & Co set a $18.00 price objective on Landmark Infrastructure Partners and gave the stock a “buy” rating in a research note on Saturday, May 6th. Zacks Investment Research raised Landmark Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $17.00 price objective on shares of Landmark Infrastructure Partners in a research note on Thursday, May 25th.

COPYRIGHT VIOLATION WARNING: This article was originally reported by [[site]] and is the sole property of of [[site]]. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at [[permalink]].

In other Landmark Infrastructure Partners news, insider Arthur P. Brazy, Jr. bought 7,000 shares of Landmark Infrastructure Partners stock in a transaction dated Tuesday, May 23rd. The stock was bought at an average cost of $15.88 per share, with a total value of $111,160.00. Following the completion of the acquisition, the insider now directly owns 76,981 shares in the company, valued at approximately $1,222,458.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider George P. Doyle bought 4,000 shares of Landmark Infrastructure Partners stock in a transaction dated Monday, May 22nd. The stock was acquired at an average cost of $15.95 per share, with a total value of $63,800.00. Following the completion of the acquisition, the insider now owns 9,202 shares of the company’s stock, valued at $146,771.90. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Orinda Asset Management LLC raised its position in Landmark Infrastructure Partners by 98.2% in the second quarter. Orinda Asset Management LLC now owns 84,813 shares of the financial services provider’s stock valued at $1,357,000 after buying an additional 42,024 shares in the last quarter. Nuveen Asset Management LLC raised its position in Landmark Infrastructure Partners by 27.9% in the first quarter. Nuveen Asset Management LLC now owns 176,712 shares of the financial services provider’s stock valued at $2,642,000 after buying an additional 38,558 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Landmark Infrastructure Partners during the first quarter valued at about $165,000. Green Square Capital LLC raised its position in Landmark Infrastructure Partners by 3.6% in the first quarter. Green Square Capital LLC now owns 1,003,405 shares of the financial services provider’s stock valued at $15,001,000 after buying an additional 35,031 shares in the last quarter. Finally, Bard Associates Inc. raised its position in Landmark Infrastructure Partners by 3.2% in the first quarter. Bard Associates Inc. now owns 130,650 shares of the financial services provider’s stock valued at $1,953,000 after buying an additional 4,075 shares in the last quarter. 21.03% of the stock is owned by institutional investors.

Landmark Infrastructure Partners (NASDAQ:LMRK) traded up 1.53% during midday trading on Wednesday, hitting $17.21. The stock had a trading volume of 86,946 shares. The stock has a market capitalization of $392.77 million, a price-to-earnings ratio of 34.28 and a beta of 0.39. The company’s 50 day moving average price is $16.08 and its 200-day moving average price is $15.61. Landmark Infrastructure Partners has a 52 week low of $12.55 and a 52 week high of $18.44.

Landmark Infrastructure Partners Company Profile

Landmark Infrastructure Partners LP is a master limited partnership formed to acquire, own and manage a portfolio of real property interests that it leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Company operates through three segments.

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

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