Mobile Mini, Inc. (MINI) Lowered to Sell at Zacks Investment Research

Mobile Mini, Inc. (NASDAQ:MINI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, October 25th.

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. “

A number of other analysts have also issued reports on MINI. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $36.00 target price on shares of Mobile Mini in a research report on Monday, October 23rd. SunTrust Banks, Inc. reaffirmed a “hold” rating 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. Robert W. Baird boosted their target price on shares of Mobile Mini from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price on shares of Mobile Mini in a research note on Sunday, October 22nd. Two equities 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 stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.00.

Shares of Mobile Mini (NASDAQ:MINI) traded up $0.25 during trading on Wednesday, hitting $34.05. The company had a trading volume of 91,000 shares, compared to its average volume of 204,964. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.38. Mobile Mini has a 1 year low of $26.70 and a 1 year high of $37.05. The stock has a market cap of $1,498.24, a price-to-earnings ratio of 27.26, a PEG ratio of 2.18 and a beta of 2.31.

Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings data 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 firm had revenue of $136.64 million during 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 company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. sell-side analysts anticipate that Mobile Mini will post 1.11 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its holdings in shares of Mobile Mini by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 27,772 shares of the industrial products company’s stock valued at $829,000 after purchasing an additional 148 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Mobile Mini by 0.7% in 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 during the period. Legal & General Group Plc raised its stake in shares of Mobile Mini by 0.5% in 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 during the period. Victory Capital Management Inc. raised its stake in shares of Mobile Mini by 3.5% in 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 during the period. Finally, UBS Group AG raised its stake in shares of Mobile Mini by 3.8% in 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 during the period.

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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