Mobile Mini Inc (MINI) Receives $47.40 Consensus Target Price from Analysts
Mobile Mini Inc (NASDAQ:MINI) has earned an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $47.40.
Several research analysts have recently commented on MINI shares. Zacks Investment Research lowered shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. BidaskClub raised shares of Mobile Mini from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Oppenheimer lowered their price objective on shares of Mobile Mini from $47.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, February 4th. TheStreet lowered shares of Mobile Mini from a “b” rating to a “c” rating in a research note on Friday, February 1st. Finally, ValuEngine lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th.
A number of institutional investors have recently modified their holdings of MINI. Quantamental Technologies LLC purchased a new position in Mobile Mini in the fourth quarter worth approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Mobile Mini by 15.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,355 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 459 shares during the last quarter. LS Investment Advisors LLC lifted its stake in Mobile Mini by 146.2% in the fourth quarter. LS Investment Advisors LLC now owns 3,397 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 2,017 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in Mobile Mini in the third quarter worth approximately $116,000. Finally, Institute for Wealth Management LLC. purchased a new position in Mobile Mini in the fourth quarter worth approximately $218,000. Institutional investors own 98.52% of the company’s stock.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings data on Friday, February 1st. The industrial products company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). Mobile Mini had a negative net margin of 1.36% and a positive return on equity of 8.74%. The business had revenue of $160.90 million during the quarter, compared to analysts’ expectations of $155.55 million. During the same period in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Mobile Mini will post 1.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 27th were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, February 26th. This represents a $1.10 dividend on an annualized basis and a yield of 3.25%. This is an increase from Mobile Mini’s previous quarterly dividend of $0.25. Mobile Mini’s payout ratio is currently 67.07%.
Mobile Mini Company Profile
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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.
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