Mobile Mini Inc (MINI) Receives Consensus Recommendation of “Hold” from Analysts
Mobile Mini Inc (NASDAQ:MINI) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $47.11.
A number of analysts have recently weighed in on MINI shares. BidaskClub downgraded shares of Mobile Mini from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. ValuEngine cut Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Zacks Investment Research upgraded Mobile Mini from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, October 24th. Needham & Company LLC raised their price objective on Mobile Mini to $55.00 and gave the stock a “buy” rating in a research note on Monday, October 22nd. Finally, Credit Suisse Group started coverage on Mobile Mini in a research note on Friday, August 10th. They set a “neutral” rating and a $45.00 price objective on the stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Belpointe Asset Management LLC bought a new position in Mobile Mini during the third quarter worth $116,000. Renaissance Technologies LLC bought a new position in Mobile Mini during the third quarter worth $219,000. Measured Wealth Private Client Group LLC bought a new position in Mobile Mini during the second quarter worth $243,000. Marshall Wace North America L.P. bought a new position in Mobile Mini during the third quarter worth $233,000. Finally, We Are One Seven LLC bought a new position in Mobile Mini during the third quarter worth $335,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Friday, October 19th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Mobile Mini had a net margin of 12.05% and a return on equity of 7.95%. The business had revenue of $149.71 million during the quarter, compared to the consensus estimate of $148.75 million. During the same quarter last year, the company earned $0.25 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts predict that Mobile Mini will post 1.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.90%. The ex-dividend date was Tuesday, November 13th. Mobile Mini’s dividend payout ratio (DPR) is presently 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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