Mobile Mini (NASDAQ:MINI) posted its earnings results on Friday. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01), Bloomberg Earnings reports. The company had revenue of $132.30 million for the quarter, compared to the consensus estimate of $133.18 million. Mobile Mini had a return on equity of 6.49% and a net margin of 22.91%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS.
Shares of Mobile Mini stock opened at $45.55 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.35. Mobile Mini has a twelve month low of $26.70 and a twelve month high of $46.10. The firm has a market capitalization of $2,034.01, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Wednesday, May 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. Mobile Mini’s dividend payout ratio is 86.21%.
In related news, Director Jeffrey S. Goble sold 5,000 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $44.44, for a total value of $222,200.00. Following the sale, the director now owns 15,503 shares of the company’s stock, valued at $688,953.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.30% of the company’s stock.
Several institutional investors have recently modified their holdings of MINI. Meadow Creek Investment Management LLC grew its stake in shares of 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 worth $207,000 after purchasing an additional 1,176 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of Mobile Mini in the fourth quarter worth $244,000. SG Americas Securities LLC grew its stake in shares of Mobile Mini by 41.6% in the third quarter. SG Americas Securities LLC now owns 7,213 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 2,119 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Mobile Mini in the fourth quarter worth $252,000. Finally, Eqis Capital Management Inc. grew its stake in shares of Mobile Mini by 29.8% in the fourth quarter. Eqis Capital Management Inc. now owns 9,361 shares of the industrial products company’s stock worth $323,000 after purchasing an additional 2,147 shares during the last quarter.
A number of analysts have weighed in on the stock. BidaskClub raised shares of Mobile Mini from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd. Sidoti raised shares of Mobile Mini from a “neutral” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Monday, February 5th. SunTrust Banks boosted their target price on shares of Mobile Mini to $44.00 and gave the stock a “hold” rating in a research note on Monday, February 5th. They noted that the move was a valuation call. Oppenheimer boosted their target price on shares of Mobile Mini from $36.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Finally, Robert W. Baird set a $46.00 target price on shares of Mobile Mini and gave the stock a “hold” rating in a research note on Monday, February 5th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Mobile Mini currently has an average rating of “Buy” and a consensus target price of $45.71.
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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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