Analysts expect Mobile Mini Inc (NASDAQ:MINI) to report $148.78 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Mobile Mini’s earnings. The lowest sales estimate is $147.00 million and the highest is $150.55 million. Mobile Mini posted sales of $136.64 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The business is expected to report its next earnings results before the market opens on Friday, October 19th.
According to Zacks, analysts expect that Mobile Mini will report full year sales of $588.04 million for the current year, with estimates ranging from $587.00 million to $589.08 million. For the next financial year, analysts anticipate that the firm will report sales of $618.79 million, with estimates ranging from $617.58 million to $620.00 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Mobile Mini.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Mobile Mini had a net margin of 23.53% and a return on equity of 7.16%. The business had revenue of $142.00 million for the quarter, compared to analyst estimates of $140.34 million. During the same period in the previous year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year.
Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. Berenberg Bank initiated coverage on shares of Mobile Mini in a report on Wednesday, September 19th. They issued a “buy” rating and a $53.00 target price on the stock. BidaskClub upgraded shares of Mobile Mini from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Credit Suisse Group initiated coverage on shares of Mobile Mini in a report on Friday, August 10th. They issued a “neutral” rating and a $45.00 target price on the stock. Finally, MED restated a “sell” rating on shares of Mobile Mini in a report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Mobile Mini has a consensus rating of “Hold” and an average target price of $46.67.
Shares of Mobile Mini stock traded down $0.51 on Wednesday, hitting $40.74. The company’s stock had a trading volume of 251,976 shares, compared to its average volume of 210,988. Mobile Mini has a 52-week low of $32.40 and a 52-week high of $50.40. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.96 billion, a PE ratio of 35.12, a P/E/G ratio of 1.88 and a beta of 1.82.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Mobile Mini by 11.0% during the 2nd quarter. BlackRock Inc. now owns 6,298,067 shares of the industrial products company’s stock worth $295,379,000 after acquiring an additional 624,210 shares during the period. Copper Rock Capital Partners LLC purchased a new position in shares of Mobile Mini during the 3rd quarter worth about $21,297,000. OppenheimerFunds Inc. lifted its holdings in shares of Mobile Mini by 4,349.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 338,308 shares of the industrial products company’s stock worth $15,866,000 after acquiring an additional 330,704 shares during the period. Intrinsic Edge Capital Management LLC lifted its holdings in shares of Mobile Mini by 3,353.6% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 320,497 shares of the industrial products company’s stock worth $15,031,000 after acquiring an additional 311,217 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in shares of Mobile Mini during the 1st quarter worth about $6,304,000. Institutional investors own 98.32% of the company’s stock.
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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