Mobile Mini Inc (NASDAQ:MINI) – Research analysts at Oppenheimer raised their FY2018 earnings per share (EPS) estimates for Mobile Mini in a research report issued on Monday. Oppenheimer analyst S. Schneeberger now anticipates that the industrial products company will earn $1.60 per share for the year, up from their prior forecast of $1.31. Oppenheimer has a “Outperform” rating and a $45.00 price target on the stock. Oppenheimer also issued estimates for Mobile Mini’s Q4 2018 earnings at $0.55 EPS and FY2019 earnings at $1.88 EPS.
MINI has been the subject of several other reports. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price objective on shares of Mobile Mini in a research report on Sunday, October 22nd. Sidoti reaffirmed a “neutral” rating on shares of Mobile Mini in a research report on Friday, October 13th. Deutsche Bank began coverage on shares of Mobile Mini in a research report on Tuesday, January 23rd. They issued a “hold” rating and a $39.00 price target for the company. Zacks Investment Research raised shares of Mobile Mini from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Robert W. Baird set a $46.00 price target on shares of Mobile Mini and gave the stock a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $45.71.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. The company had revenue of $146.70 million during the quarter, compared to analysts’ expectations of $140.60 million. Mobile Mini had a net margin of 22.91% and a return on equity of 6.49%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Tuesday, February 27th. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.23. Mobile Mini’s payout ratio is 33.09%.
In related news, Director Stephen A. Mcconnell sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $36.10, for a total transaction of $144,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank acquired a new position in Mobile Mini during the 3rd quarter valued at approximately $204,000. Concorde Asset Management LLC purchased a new stake in shares of Mobile Mini in the 3rd quarter valued at $232,000. SG Americas Securities LLC boosted its holdings in Mobile Mini by 41.6% during the third quarter. SG Americas Securities LLC now owns 7,213 shares of the industrial products company’s stock worth $248,000 after buying an additional 2,119 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Mobile Mini during the third quarter worth $287,000. Finally, Eqis Capital Management Inc. boosted its holdings in Mobile Mini by 29.8% during the fourth 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 in the last quarter.
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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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