Wall Street brokerages forecast that Mobile Mini Inc (NASDAQ:MINI) will announce earnings of $0.36 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Mobile Mini’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.37. Mobile Mini reported earnings per share of $0.48 in the same quarter last year, which would suggest a negative year over year growth rate of 25%. The business is expected to issue its next earnings report on Thursday, February 1st.
On average, analysts expect that Mobile Mini will report full-year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.12. For the next year, analysts expect that the company will post earnings of $1.37 per share, with EPS estimates ranging from $1.30 to $1.45. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Mobile Mini.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Mobile Mini had a return on equity of 7.17% and a net margin of 9.59%. The company had revenue of $136.64 million during the quarter, compared to the consensus estimate of $133.73 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year.
MINI has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and set a $38.00 price target on shares of Mobile Mini in a research note on Sunday, October 22nd. BidaskClub lowered Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research lowered Mobile Mini from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. Oppenheimer restated a “buy” rating and set a $36.00 price target on shares of Mobile Mini in a research note on Monday, October 23rd. Finally, Robert W. Baird lifted their target price on Mobile Mini from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.00.
Mobile Mini (NASDAQ MINI) traded up $0.50 on Thursday, reaching $33.75. The company’s stock had a trading volume of 147,300 shares, compared to its average volume of 201,784. Mobile Mini has a 52 week low of $26.70 and a 52 week high of $37.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.18 and a quick ratio of 0.15. The stock has a market capitalization of $1,473.86, a price-to-earnings ratio of 26.82, a PEG ratio of 2.14 and a beta of 2.34.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were issued a dividend of $0.227 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Tuesday, November 14th. Mobile Mini’s dividend payout ratio (DPR) is 81.25%.
In other Mobile Mini news, Director Stephen A. Mcconnell sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $36.10, for a total value of $144,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Mobile Mini by 1.5% during the second quarter. Vanguard Group Inc. now owns 4,145,434 shares of the industrial products company’s stock worth $123,741,000 after purchasing an additional 62,522 shares in the last quarter. Jennison Associates LLC grew its holdings in Mobile Mini by 10.8% in the 3rd quarter. Jennison Associates LLC now owns 2,911,771 shares of the industrial products company’s stock valued at $100,311,000 after buying an additional 282,723 shares in the last quarter. Northern Trust Corp grew its holdings in Mobile Mini by 30.9% in the 2nd quarter. Northern Trust Corp now owns 1,839,418 shares of the industrial products company’s stock valued at $54,907,000 after buying an additional 434,522 shares in the last quarter. Riverbridge Partners LLC grew its holdings in Mobile Mini by 53.6% in the 3rd 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 in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Mobile Mini by 16.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,256,085 shares of the industrial products company’s stock valued at $37,494,000 after buying an additional 176,510 shares in the last quarter.
TRADEMARK VIOLATION NOTICE: This story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://ledgergazette.com/2018/01/13/0-36-earnings-per-share-expected-for-mobile-mini-inc-mini-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mobile Mini Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile Mini and related companies with MarketBeat.com's FREE daily email newsletter.