Mobile Mini Inc (NASDAQ:MINI) has been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $45.40.
Several equities research analysts have recently weighed in on MINI shares. Robert W. Baird set a $41.00 target price on Mobile Mini and gave the stock a “hold” rating in a research report on Friday, July 26th. BidaskClub lowered Mobile Mini from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised Mobile Mini from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Noble Financial raised Mobile Mini from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 23rd. Finally, Credit Suisse Group cut their target price on Mobile Mini from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th.
MINI stock traded up $0.85 during mid-day trading on Friday, reaching $30.15. The company had a trading volume of 482,000 shares, compared to its average volume of 319,833. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.14 and a current ratio of 0.16. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The firm has a fifty day simple moving average of $32.27 and a 200 day simple moving average of $33.73. Mobile Mini has a fifty-two week low of $29.02 and a fifty-two week high of $44.85.
Mobile Mini (NASDAQ:MINI) last issued its earnings results on Thursday, July 25th. The industrial products company reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. Mobile Mini had a positive return on equity of 9.70% and a negative net margin of 0.95%. The business had revenue of $150.18 million for the quarter, compared to analyst estimates of $151.75 million. During the same quarter last year, the company earned $0.35 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, analysts predict that Mobile Mini will post 1.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Tuesday, August 13th. Mobile Mini’s dividend payout ratio (DPR) is presently 67.07%.
Several hedge funds and other institutional investors have recently modified their holdings of MINI. Advisor Group Inc. increased its position in Mobile Mini by 44.2% during the second quarter. Advisor Group Inc. now owns 965 shares of the industrial products company’s stock worth $29,000 after buying an additional 296 shares during the period. Oregon Public Employees Retirement Fund increased its position in Mobile Mini by 1.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 17,610 shares of the industrial products company’s stock worth $536,000 after buying an additional 300 shares during the period. Mason Street Advisors LLC increased its position in Mobile Mini by 3.4% during the first quarter. Mason Street Advisors LLC now owns 14,351 shares of the industrial products company’s stock worth $487,000 after buying an additional 472 shares during the period. Measured Wealth Private Client Group LLC increased its position in Mobile Mini by 6.0% during the second quarter. Measured Wealth Private Client Group LLC now owns 9,855 shares of the industrial products company’s stock worth $300,000 after buying an additional 560 shares during the period. Finally, Piedmont Investment Advisors Inc. increased its position in Mobile Mini by 5.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 11,197 shares of the industrial products company’s stock worth $380,000 after buying an additional 566 shares during the period. 96.94% 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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.
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