Mobile Mini (MINI) PT Raised to $44.00

Mobile Mini (NASDAQ:MINI) had its price objective boosted by SunTrust Banks to $44.00 in a research report released on Monday, The Fly reports. SunTrust Banks currently has a hold rating on the industrial products company’s stock. SunTrust Banks also issued estimates for Mobile Mini’s Q1 2018 earnings at $0.38 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $1.71 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $1.96 EPS. The analysts noted that the move was a valuation call.

Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Mobile Mini from a hold rating to a sell rating in a research report on Wednesday, October 25th. BidaskClub upgraded shares of Mobile Mini from a hold rating to a buy rating in a research report on Wednesday, December 27th. Sidoti reiterated a neutral rating on shares of Mobile Mini in a research report on Friday, October 13th. Robert W. Baird reissued a hold rating and issued a $34.00 target price on shares of Mobile Mini in a research note on Thursday, October 12th. Finally, Oppenheimer reissued a buy rating and issued a $36.00 target price on shares of Mobile Mini in a research note on Monday, October 23rd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $45.17.

Mobile Mini (NASDAQ MINI) opened at $42.55 on Monday. Mobile Mini has a 12-month low of $26.70 and a 12-month high of $46.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.17 and a current ratio of 0.19. The company has a market cap of $1,892.44, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 2.21 and a beta of 2.29.

Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Mobile Mini had a net margin of 22.91% and a return on equity of 6.49%. The business had revenue of $146.70 million during the quarter, compared to analyst estimates of $140.60 million. During the same quarter last year, the business earned $0.48 earnings per share. Mobile Mini’s quarterly revenue was up 11.5% compared to the same quarter last year. equities research analysts forecast that Mobile Mini will post 1.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.35%. This is an increase from Mobile Mini’s previous quarterly dividend of $0.23. Mobile Mini’s dividend payout ratio is currently 33.09%.

In related news, Director Stephen A. Mcconnell sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $36.10, for a total value of $144,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Swiss National Bank increased its stake in Mobile Mini by 3.2% in the 4th quarter. Swiss National Bank now owns 75,300 shares of the industrial products company’s stock worth $2,598,000 after buying an additional 2,300 shares during the period. California Public Employees Retirement System increased its stake in Mobile Mini by 11.9% in the 4th quarter. California Public Employees Retirement System now owns 97,757 shares of the industrial products company’s stock worth $3,373,000 after buying an additional 10,357 shares during the period. Teacher Retirement System of Texas purchased a new position in Mobile Mini in the 4th quarter worth about $520,000. Tygh Capital Management Inc. purchased a new position in Mobile Mini in the 4th quarter worth about $5,374,000. Finally, Eqis Capital Management Inc. increased its stake in Mobile Mini by 29.8% in the 4th quarter. Eqis Capital Management Inc. now owns 9,361 shares of the industrial products company’s stock worth $323,000 after buying an additional 2,147 shares during the period.

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About Mobile Mini

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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