Wall Street brokerages expect Mobile Mini Inc (NASDAQ:MINI) to report $0.34 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Mobile Mini’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.35. Mobile Mini posted earnings of $0.24 per share in the same quarter last year, which would indicate a positive year over year growth rate of 41.7%. The business is scheduled to announce its next quarterly earnings results 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 anticipate that the business will report earnings of $1.92 per share, with EPS estimates ranging from $1.87 to $2.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Mobile Mini.
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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). The company had revenue of $132.30 million for the quarter, compared to the consensus estimate of $133.18 million. Mobile Mini had a return on equity of 6.73% and a net margin of 23.05%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share.
A number of analysts have recently issued reports on the company. BidaskClub upgraded Mobile Mini from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. Zacks Investment Research upgraded Mobile Mini from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Thursday, February 8th. Oppenheimer increased their target price on Mobile Mini from $36.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Robert W. Baird set a $46.00 target price on Mobile Mini and gave the company a “hold” rating in a report on Monday, February 5th. Finally, SunTrust Banks increased their target price on Mobile Mini to $44.00 and gave the company a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Mobile Mini has an average rating of “Buy” and a consensus price target of $45.71.
In related news, Director Jeffrey S. Goble sold 5,000 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $44.44, for a total transaction of $222,200.00. Following the completion of the sale, the director now directly owns 15,503 shares in the company, valued at $688,953.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frederick G. Mcnamee sold 8,000 shares of the stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $44.16, for a total value of $353,280.00. Following the sale, the director now owns 10,393 shares of the company’s stock, valued at $458,954.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,000 shares of company stock valued at $1,512,880. 6.30% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in shares of Mobile Mini by 4.5% during the first 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. Summit Trail Advisors LLC raised its holdings in shares of Mobile Mini by 3,768.1% during the first quarter. Summit Trail Advisors LLC now owns 101,730 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 99,100 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Mobile Mini during the first quarter worth $6,304,000. Legal & General Group Plc raised its holdings in shares of Mobile Mini by 2.6% during the first quarter. Legal & General Group Plc now owns 93,680 shares of the industrial products company’s stock worth $4,059,000 after acquiring an additional 2,347 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Mobile Mini by 282.5% during the first quarter. Millennium Management LLC now owns 57,929 shares of the industrial products company’s stock worth $2,520,000 after acquiring an additional 42,784 shares in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.
Shares of MINI traded down $0.35 during trading hours on Wednesday, hitting $45.50. 72,119 shares of the company were exchanged, compared to its average volume of 181,536. The firm has a market cap of $2.03 billion, a PE ratio of 39.22, a P/E/G ratio of 1.96 and a beta of 1.99. 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 one year low of $27.50 and a one year high of $47.63.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Wednesday, May 16th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.20%. Mobile Mini’s 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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