Wall Street brokerages expect Mobile Mini Inc (NASDAQ:MINI) to post sales of $133.11 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Mobile Mini’s earnings, with the lowest sales estimate coming in at $130.28 million and the highest estimate coming in at $136.13 million. Mobile Mini reported sales of $123.53 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.8%. The company is expected to announce its next quarterly earnings report on Thursday, April 26th.
On average, 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 anticipate that the company will post sales of $486.83 million per share, with estimates ranging from $160.00 million to $599.38 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Mobile Mini.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Mobile Mini had a return on equity of 6.49% and a net margin of 22.91%. The company had revenue of $146.70 million for the quarter, compared to analysts’ expectations of $140.60 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 11.5% on a year-over-year basis.
Several brokerages have issued reports on MINI. Zacks Investment Research raised shares of Mobile Mini from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Thursday, February 8th. BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Oppenheimer boosted their target price on shares of Mobile Mini from $36.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Robert W. Baird set a $46.00 target price on shares of Mobile Mini and gave the company a “hold” rating in a research note on Monday, February 5th. Finally, SunTrust Banks boosted their target price on shares of Mobile Mini to $44.00 and gave the company a “hold” rating in a research note on Monday, February 5th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Mobile Mini has an average rating of “Buy” and an average target price of $45.71.
In other news, Director Stephen A. Mcconnell sold 4,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $36.10, for a total transaction of $144,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of MINI. Teachers Advisors LLC grew its holdings in shares of Mobile Mini by 1.3% during the 2nd quarter. Teachers Advisors LLC now owns 78,608 shares of the industrial products company’s stock valued at $2,346,000 after acquiring an additional 1,022 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Mobile Mini by 12.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 138,382 shares of the industrial products company’s stock valued at $4,131,000 after acquiring an additional 15,100 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Mobile Mini by 73.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 17,703 shares of the industrial products company’s stock valued at $528,000 after acquiring an additional 7,504 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Mobile Mini by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,145,434 shares of the industrial products company’s stock valued at $123,741,000 after acquiring an additional 62,522 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Mobile Mini by 2.3% during the 2nd quarter. California Public Employees Retirement System now owns 86,100 shares of the industrial products company’s stock valued at $2,570,000 after acquiring an additional 1,900 shares in the last quarter.
Shares of Mobile Mini (NASDAQ:MINI) traded down $0.65 during trading hours on Friday, reaching $42.65. 224,588 shares of the company’s stock traded hands, compared to its average volume of 235,709. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.17 and a current ratio of 0.19. Mobile Mini has a 52 week low of $26.70 and a 52 week high of $46.10. The firm has a market cap of $1,894.66, a P/E ratio of 36.50, a P/E/G ratio of 1.84 and a beta of 2.29.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be paid 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 yield of 2.34%. The ex-dividend date of this dividend is Tuesday, February 27th. Mobile Mini’s payout ratio is 33.09%.
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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.
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