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

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Equities research analysts expect Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) to report sales of $13.51 million for the current quarter, according to Zacks. Two analysts have issued estimates for Landmark Infrastructure Partners LP Unit’s earnings, with estimates ranging from $12.81 million to $14.22 million. Landmark Infrastructure Partners LP Unit reported sales of $15.03 million during the same quarter last year, which would suggest a negative year over year growth rate of 10.1%. The company is expected to report its next quarterly earnings report on Wednesday, August 5th.

On average, analysts expect that Landmark Infrastructure Partners LP Unit will report full year sales of $57.25 million for the current fiscal year, with estimates ranging from $56.46 million to $58.04 million. For the next year, analysts expect that the firm will report sales of $63.49 million, with estimates ranging from $60.19 million to $66.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Landmark Infrastructure Partners LP Unit.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.09 by $0.10. The firm had revenue of $15.68 million for the quarter, compared to the consensus estimate of $15.86 million. Landmark Infrastructure Partners LP Unit had a net margin of 21.43% and a return on equity of 12.44%.

LMRK has been the topic of several research analyst reports. Royal Bank of Canada lowered shares of Landmark Infrastructure Partners LP Unit from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $17.00 to $9.00 in a research report on Thursday, April 23rd. B. Riley dropped their target price on shares of 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. Zacks Investment Research raised shares of 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. Finally, BidaskClub downgraded shares of Landmark Infrastructure Partners LP Unit from a “hold” rating to a “sell” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $13.25.

NASDAQ LMRK traded up $0.04 during midday trading on Wednesday, hitting $9.82. The company had a trading volume of 72,100 shares, compared to its average volume of 110,946. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 2.33. The stock has a market cap of $250.19 million, a price-to-earnings ratio of 15.17 and a beta of 1.10. The firm has a fifty day simple moving average of $10.03 and a two-hundred day simple moving average of $12.94. Landmark Infrastructure Partners LP Unit has a fifty-two week low of $7.05 and a fifty-two week high of $18.45.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LMRK. Price Wealth LLC purchased a new stake in Landmark Infrastructure Partners LP Unit in the first quarter worth approximately $83,000. Pasadena Private Wealth LLC purchased a new stake in shares of Landmark Infrastructure Partners LP Unit during the first quarter valued at approximately $150,000. Advisor Group Holdings Inc. bought a new position in shares of Landmark Infrastructure Partners LP Unit during the first quarter valued at approximately $185,000. Stifel Financial Corp raised its holdings in shares of Landmark Infrastructure Partners LP Unit by 20.5% during the fourth quarter. Stifel Financial Corp now owns 14,644 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 2,494 shares in the last quarter. Finally, Corundum Group Inc. bought a new position in Landmark Infrastructure Partners LP Unit in the first quarter worth $370,000. Institutional investors own 15.29% of the company’s stock.

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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