Iron Mountain (IRM) Earning Somewhat Negative Media Coverage, Report Shows
News headlines about Iron Mountain (NYSE:IRM) have trended somewhat negative recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Iron Mountain earned a news sentiment score of -0.05 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 96 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
Several brokerages recently issued reports on IRM. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price objective on shares of Iron Mountain in a research report on Friday, June 9th. Zacks Investment Research lowered Iron Mountain from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. BidaskClub lowered Iron Mountain from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Deutsche Bank AG lowered Iron Mountain from a “hold” rating to a “sell” rating and decreased their price objective for the company from $41.00 to $30.00 in a research report on Wednesday, June 7th. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $38.75.
Shares of Iron Mountain (IRM) opened at 34.52 on Monday. The company has a market cap of $9.12 billion, a PE ratio of 90.84 and a beta of 1.01. Iron Mountain has a 1-year low of $30.75 and a 1-year high of $41.50. The firm has a 50-day moving average price of $34.73 and a 200 day moving average price of $34.93.
Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.03. Iron Mountain had a net margin of 2.75% and a return on equity of 12.74%. The firm had revenue of $939 million during the quarter, compared to analyst estimates of $928.62 million. During the same period last year, the business posted $0.51 EPS. The company’s revenue was up 25.0% on a year-over-year basis. On average, equities analysts anticipate that Iron Mountain will post $1.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $2.20 dividend on an annualized basis and a yield of 6.37%. Iron Mountain’s dividend payout ratio (DPR) is presently 578.96%.
In other Iron Mountain news, Director Walter C. Rakowich sold 1,552 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $35.15, for a total value of $54,552.80. Following the completion of the sale, the director now owns 15,074 shares of the company’s stock, valued at $529,851.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Eileen Sweeney sold 2,100 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $35.14, for a total value of $73,794.00. Following the completion of the sale, the senior vice president now directly owns 2,104 shares of the company’s stock, valued at approximately $73,934.56. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
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About Iron Mountain
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
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