Brokerages forecast that Mobile Mini Inc (NASDAQ:MINI) will post earnings of $0.34 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Mobile Mini’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.35. Mobile Mini posted earnings of $0.24 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 41.7%. The firm is scheduled to report its next earnings report on Friday, July 20th.
According to Zacks, analysts expect that Mobile Mini will report full year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.62 to $1.71. For the next year, analysts forecast that the firm will report earnings of $1.92 per share, with EPS estimates ranging from $1.87 to $2.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Mobile Mini.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Friday, April 20th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). Mobile Mini had a net margin of 23.05% and a return on equity of 6.73%. The company had revenue of $132.30 million for the quarter, compared to analysts’ expectations of $133.18 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a report on Tuesday, May 29th. BidaskClub raised shares of Mobile Mini from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $45.71.
In other Mobile Mini news, Director Stephen A. Mcconnell sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $46.87, for a total transaction of $937,400.00. Following the completion of the sale, the director now directly owns 94,789 shares of the company’s stock, valued at $4,442,760.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frederick G. Mcnamee sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $44.16, for a total transaction of $353,280.00. Following the sale, the director now directly owns 10,393 shares of the company’s stock, valued at $458,954.88. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its position in Mobile Mini by 1.8% during the first quarter. BlackRock Inc. now owns 5,673,857 shares of the industrial products company’s stock valued at $246,812,000 after purchasing an additional 98,038 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Mobile Mini by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 745,403 shares of the industrial products company’s stock worth $25,717,000 after acquiring an additional 7,666 shares in the last quarter. Geode Capital Management LLC grew its holdings in Mobile Mini by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 392,383 shares of the industrial products company’s stock worth $13,537,000 after acquiring an additional 1,668 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Mobile Mini by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 346,756 shares of the industrial products company’s stock worth $15,084,000 after acquiring an additional 15,056 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Mobile Mini by 2.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 301,135 shares of the industrial products company’s stock worth $13,100,000 after acquiring an additional 6,923 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.
Shares of Mobile Mini traded down $0.05, hitting $46.85, during mid-day trading on Friday, according to MarketBeat. 282,487 shares of the company traded hands, compared to its average volume of 218,732. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 0.34. Mobile Mini has a 1 year low of $27.85 and a 1 year high of $48.65. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 2.04 and a beta of 1.96.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Shareholders of record on Wednesday, May 16th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.13%. Mobile Mini’s dividend payout ratio is currently 86.21%.
About Mobile Mini
Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.
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