Analysts predict that Mobile Mini, Inc. (NASDAQ:MINI) will post sales of $142.51 million for the current quarter, according to Zacks. Four analysts have issued estimates for Mobile Mini’s earnings, with estimates ranging from $141.30 million to $144.16 million. Mobile Mini reported sales of $130.39 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.3%. The company is expected to announce its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Mobile Mini will report full-year sales of $142.51 million for the current year, with estimates ranging from $528.20 million to $531.01 million. For the next fiscal year, analysts anticipate that the company will report sales of $559.92 million per share, with estimates ranging from $552.90 million to $567.67 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Mobile Mini.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.05). The business had revenue of $136.64 million for the quarter, compared to analyst estimates of $133.73 million. Mobile Mini had a return on equity of 7.17% and a net margin of 9.59%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS.
A number of brokerages have recently issued reports on MINI. Zacks Investment Research cut Mobile Mini from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $36.00 target price on shares of Mobile Mini in a report on Monday, October 23rd. Robert W. Baird boosted their target price on Mobile Mini from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. SunTrust Banks, Inc. reissued a “hold” rating on shares of Mobile Mini in a research report on Sunday, October 22nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $38.00 price target on shares of Mobile Mini in a research report on Sunday, October 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $37.00.
In related news, Director Lawrence Trachtenberg sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.59, for a total transaction of $315,900.00. Following the sale, the director now directly owns 38,181 shares of the company’s stock, valued at approximately $1,206,137.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Funk sold 32,930 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $30.94, for a total value of $1,018,854.20. Following the sale, the insider now directly owns 163,487 shares in the company, valued at $5,058,287.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,649 shares of company stock worth $2,756,603. 6.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can raised its position in shares of Mobile Mini by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 27,772 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 148 shares in the last quarter. Texas Permanent School Fund raised its position in shares of Mobile Mini by 0.7% during the 2nd quarter. Texas Permanent School Fund now owns 32,274 shares of the industrial products company’s stock valued at $963,000 after acquiring an additional 214 shares in the last quarter. Legal & General Group Plc raised its position in shares of Mobile Mini by 0.5% during the 1st quarter. Legal & General Group Plc now owns 79,565 shares of the industrial products company’s stock valued at $2,426,000 after acquiring an additional 421 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Mobile Mini by 3.5% during the 1st quarter. Victory Capital Management Inc. now owns 12,756 shares of the industrial products company’s stock valued at $389,000 after acquiring an additional 437 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Mobile Mini by 3.8% during the 1st quarter. UBS Group AG now owns 14,885 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 540 shares in the last quarter.
Shares of Mobile Mini (MINI) traded down 2.08% during mid-day trading on Friday, hitting $32.90. 156,500 shares of the stock traded hands. The stock has a 50 day moving average price of $33.49 and a 200-day moving average price of $30.47. The company has a market cap of $1.45 billion, a P/E ratio of 28.58 and a beta of 2.26. Mobile Mini has a one year low of $24.08 and a one year high of $37.05.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be given a $0.227 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, November 14th. Mobile Mini’s payout ratio is 81.25%.
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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