Brokerages Anticipate Mobile Mini, Inc. (MINI) Will Announce Earnings of $0.33 Per Share
Wall Street brokerages predict that Mobile Mini, Inc. (NASDAQ:MINI) will report earnings of $0.33 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Mobile Mini’s earnings, with estimates ranging from $0.31 to $0.34. Mobile Mini posted earnings of $0.31 per share in the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The firm is expected to report its next quarterly earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Mobile Mini will report full year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.26. For the next fiscal year, analysts expect that the business will report earnings of $1.40 per share, with EPS estimates ranging from $1.33 to $1.45. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Mobile Mini.
Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, July 21st. The industrial products company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Mobile Mini had a return on equity of 7.52% and a net margin of 10.03%. The firm had revenue of $126.70 million for the quarter, compared to analysts’ expectations of $126.03 million. During the same period last year, the firm earned $0.25 earnings per share. Mobile Mini’s revenue for the quarter was up 1.5% on a year-over-year basis.
Several research analysts have recently weighed in on MINI shares. Zacks Investment Research upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, June 28th. BidaskClub lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Robert W. Baird set a $34.00 price objective on shares of Mobile Mini and gave the stock a “hold” rating in a report on Sunday, September 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $38.00 price objective on shares of Mobile Mini in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.75.
Shares of Mobile Mini (NASDAQ MINI) traded up 0.94% during trading on Friday, reaching $32.30. 33,011 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 28.06 and a beta of 2.22. The stock has a 50 day moving average price of $30.58 and a 200-day moving average price of $29.65. Mobile Mini has a 52 week low of $23.40 and a 52 week high of $37.05.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were issued a dividend of $0.227 per share. The ex-dividend date was Monday, August 14th. This represents a $0.91 annualized dividend and a dividend yield of 2.84%. Mobile Mini’s payout ratio is currently 78.45%.
In other news, CFO Mark Funk sold 16,339 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $30.42, for a total transaction of $497,032.38. Following the transaction, the chief financial officer now directly owns 170,291 shares in the company, valued at approximately $5,180,252.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lawrence Trachtenberg sold 10,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.59, for a total transaction of $315,900.00. Following the transaction, the director now owns 38,181 shares in the company, valued at $1,206,137.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 156,065 shares of company stock worth $4,832,212. Insiders own 6.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new position in shares of Mobile Mini during the 1st quarter worth about $117,000. Foresters Investment Management Company Inc. raised its holdings in Mobile Mini by 6.5% in the first quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock valued at $149,000 after buying an additional 300 shares during the period. SG Americas Securities LLC purchased a new position in Mobile Mini in the second quarter valued at approximately $152,000. Trexquant Investment LP purchased a new position in Mobile Mini in the second quarter valued at approximately $206,000. Finally, Eqis Capital Management Inc. purchased a new position in Mobile Mini in the second quarter valued at approximately $209,000.
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About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.
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