Wall Street brokerages expect that Mobile Mini Inc (NASDAQ:MINI) will post sales of $133.11 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Mobile Mini’s earnings, with the highest sales estimate coming in at $136.13 million and the lowest estimate coming in at $130.28 million. Mobile Mini posted sales of $123.53 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.8%. The business is scheduled to report its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Mobile Mini will report full year sales of $133.11 million for the current year, with estimates ranging from $560.03 million to $570.32 million. For the next financial year, analysts expect that the business will report sales of $486.83 million per share, with estimates ranging from $160.00 million to $599.38 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Mobile Mini.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. Mobile Mini had a return on equity of 6.49% and a net margin of 22.91%. The company had revenue of $146.70 million during the quarter, compared to analyst estimates of $140.60 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis.
Several brokerages have recently weighed in on MINI. Zacks Investment Research upgraded Mobile Mini from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Thursday, February 8th. BidaskClub upgraded Mobile Mini from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Oppenheimer upped their price objective on Mobile Mini from $36.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Robert W. Baird set a $46.00 price objective on Mobile Mini and gave the company a “hold” rating in a report on Monday, February 5th. Finally, SunTrust Banks upped their price objective on Mobile Mini to $44.00 and gave the company a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mobile Mini has an average rating of “Buy” and an average price target of $45.71.
Shares of Mobile Mini (MINI) traded down $0.05 during mid-day trading on Friday, reaching $41.20. The company’s stock had a trading volume of 337,300 shares, compared to its average volume of 233,503. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1,830.32, a price-to-earnings ratio of 35.26, a PEG ratio of 1.78 and a beta of 2.29. Mobile Mini has a one year low of $26.70 and a one year high of $46.10.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. This is an increase from Mobile Mini’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, February 27th. Mobile Mini’s dividend payout ratio is currently 33.09%.
In other news, Director Stephen A. Mcconnell sold 4,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $36.10, for a total transaction of $144,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Mobile Mini by 103.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 17,623 shares of the industrial products company’s stock valued at $526,000 after purchasing an additional 8,953 shares during the last quarter. Riverbridge Partners LLC raised its position in Mobile Mini by 53.6% during the third quarter. Riverbridge Partners LLC now owns 1,330,145 shares of the industrial products company’s stock valued at $45,823,000 after buying an additional 464,332 shares during the period. Parametric Portfolio Associates LLC raised its position in Mobile Mini by 17.2% during the second quarter. Parametric Portfolio Associates LLC now owns 104,731 shares of the industrial products company’s stock valued at $3,126,000 after buying an additional 15,342 shares during the period. State Street Corp raised its position in Mobile Mini by 5.4% during the second quarter. State Street Corp now owns 1,144,832 shares of the industrial products company’s stock valued at $34,179,000 after buying an additional 58,990 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Mobile Mini by 14.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 288,388 shares of the industrial products company’s stock valued at $9,935,000 after buying an additional 37,258 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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