Mobile Mini Inc (NASDAQ:MINI) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $47.11.
A number of equities analysts have weighed in on MINI shares. Credit Suisse Group started coverage on shares of Mobile Mini in a research note on Friday, August 10th. They set a “neutral” rating and a $45.00 price target on the stock. BidaskClub downgraded shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Robert W. Baird downgraded shares of Mobile Mini from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $48.00 to $44.00 in a research note on Monday, October 22nd. Zacks Investment Research raised shares of Mobile Mini from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Wednesday, October 24th. Finally, ValuEngine downgraded shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd.
NASDAQ MINI traded down $1.28 during mid-day trading on Monday, reaching $35.77. 2,647 shares of the stock were exchanged, compared to its average volume of 146,242. Mobile Mini has a 1-year low of $32.40 and a 1-year high of $50.40. The firm has a market cap of $1.66 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 1.58 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.19.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Friday, October 19th. The industrial products company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. The company had revenue of $149.71 million for the quarter, compared to the consensus estimate of $148.75 million. Mobile Mini had a net margin of 12.05% and a return on equity of 7.95%. Mobile Mini’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. As a group, equities analysts predict that Mobile Mini will post 1.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Tuesday, November 13th. Mobile Mini’s dividend payout ratio is presently 86.21%.
Several hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Mobile Mini by 13.0% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,661 shares of the industrial products company’s stock valued at $467,000 after acquiring an additional 1,223 shares during the period. Victory Capital Management Inc. raised its stake in shares of Mobile Mini by 8.1% in the 3rd quarter. Victory Capital Management Inc. now owns 21,134 shares of the industrial products company’s stock valued at $927,000 after acquiring an additional 1,576 shares during the period. AQR Capital Management LLC raised its stake in shares of Mobile Mini by 12.9% in the 3rd quarter. AQR Capital Management LLC now owns 13,975 shares of the industrial products company’s stock valued at $613,000 after acquiring an additional 1,596 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Mobile Mini by 11.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,243 shares of the industrial products company’s stock valued at $712,000 after acquiring an additional 1,625 shares during the period. Finally, Prospect Capital Advisors LLC grew its holdings in Mobile Mini by 0.9% during the 3rd quarter. Prospect Capital Advisors LLC now owns 182,100 shares of the industrial products company’s stock valued at $7,985,000 after purchasing an additional 1,700 shares in the last quarter. 99.17% of the stock is currently owned by institutional investors and hedge funds.
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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