Brokerages expect Mobile Mini (NASDAQ:MINI) to announce $133.11 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Mobile Mini’s earnings, with estimates ranging from $130.28 million to $136.13 million. Mobile Mini reported sales of $123.53 million during the same quarter last year, which indicates a positive year over year growth rate of 7.8%. The firm is expected to issue its next quarterly earnings report before the market opens on Friday, April 20th.
According to Zacks, analysts expect that Mobile Mini will report full year sales of $133.11 million for the current financial year, with estimates ranging from $560.03 million to $570.32 million. For the next financial year, analysts forecast that the business will report sales of $593.07 million per share, with estimates ranging from $584.97 million to $599.38 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Mobile Mini.
Mobile Mini (NASDAQ:MINI) last released its earnings results on Friday, February 2nd. The industrial products company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $146.70 million during the quarter, compared to the consensus estimate of $140.60 million. Mobile Mini had a return on equity of 6.49% and a net margin of 22.91%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS.
Several brokerages recently weighed in on MINI. BidaskClub upgraded Mobile Mini from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 22nd. Sidoti upgraded Mobile Mini from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Monday, February 5th. SunTrust Banks upped their price objective on Mobile Mini to $44.00 and gave the stock a “hold” rating in a research report on Monday, February 5th. They noted that the move was a valuation call. Oppenheimer upped their price objective on Mobile Mini from $36.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Finally, Robert W. Baird set a $46.00 price objective on Mobile Mini and gave the stock a “hold” rating in a research report on Monday, February 5th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.71.
Shares of MINI stock traded up $1.10 on Tuesday, hitting $43.95. 185,467 shares of the company’s stock were exchanged, compared to its average volume of 227,209. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.35. Mobile Mini has a 12 month low of $26.70 and a 12 month high of $46.10. The company has a market cap of $1,935.88, a P/E ratio of 37.89, a P/E/G ratio of 1.87 and a beta of 1.97.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th were given a dividend of $0.25 per share. This is an increase from Mobile Mini’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, February 27th. Mobile Mini’s dividend payout ratio is currently 86.21%.
In related news, Director Jeffrey S. Goble sold 5,000 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $44.44, for a total transaction of $222,200.00. Following the completion of the sale, the director now directly owns 15,503 shares in the company, valued at approximately $688,953.32. The sale was disclosed in a filing with the SEC, which is available through this link. 6.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB bought a new position in Mobile Mini in the fourth quarter valued at about $252,000. We Are One Seven LLC bought a new position in Mobile Mini in the fourth quarter valued at about $244,000. MetLife Investment Advisors LLC bought a new position in Mobile Mini in the fourth quarter valued at about $698,000. Meadow Creek Investment Management LLC raised its position in Mobile Mini by 24.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,992 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 1,176 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Mobile Mini by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 81,404 shares of the industrial products company’s stock valued at $2,808,000 after purchasing an additional 1,754 shares during the last quarter.
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About Mobile Mini
Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.
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