Mobile Mini, Inc. (NASDAQ:MINI) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of Mobile Mini, Inc. (NASDAQ:MINI) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.
According to Zacks, “Mobile Mini, Inc. provides attractive, accessible temporary storage for a diversified customer, including Wal-Mart, Motorola, Frito Lay, Holiday Inns, Target, numerous municipalities and the Department of Defense. They offer a wide range of products in varying lengths and widths with an assortment of differentiated features such as their patented security systems, multiple doors, electrical wiring and shelving. In addition to their leasing operations, they sell new and used portable storage units and provide other ancillary services. “
Separately, BidaskClub raised Mobile Mini from a hold rating to a buy rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $35.00.
Mobile Mini (NASDAQ:MINI) opened at 30.35 on Wednesday. The stock has a 50 day moving average price of $29.70 and a 200-day moving average price of $30.06. Mobile Mini has a 12-month low of $23.40 and a 12-month high of $37.05. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 26.37 and a beta of 2.26.
Mobile Mini (NASDAQ:MINI) last issued its quarterly 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 company had revenue of $126.70 million during the quarter, compared to the consensus estimate of $126.03 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, analysts predict that Mobile Mini will post $1.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be given a $0.227 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.91 annualized dividend and a yield of 2.99%. Mobile Mini’s dividend payout ratio (DPR) is presently 78.45%.
In related news, insider Mark Funk sold 36,080 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $30.34, for a total value of $1,094,667.20. Following the transaction, the insider now directly owns 170,291 shares of the company’s stock, valued at approximately $5,166,628.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 68,416 shares of company stock worth $2,075,609 over the last ninety days. 6.50% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in MINI. Ameritas Investment Partners Inc. acquired a new position in Mobile Mini during the first quarter valued at about $117,000. Foresters Investment Management Company Inc. boosted its position 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. State of Alaska Department of Revenue boosted its position in Mobile Mini by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,910 shares of the industrial products company’s stock valued at $149,000 after buying an additional 100 shares during the period. Eqis Capital Management Inc. acquired a new position in Mobile Mini during the second quarter valued at about $209,000. Finally, Miles Capital Inc. boosted its position in Mobile Mini by 0.3% in the first quarter. Miles Capital Inc. now owns 7,121 shares of the industrial products company’s stock valued at $217,000 after buying an additional 19 shares during the period.
Mobile Mini Company Profile
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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