According to Zacks, “Mobile Mini, Inc. provides attractive, accessible temporary storage for a diversified customer, including Wal-Mart, Motorola, Frito Lay, Holiday Inns, Target, numerous municipalities and the Department of Defense. They offer a wide range of products in varying lengths and widths with an assortment of differentiated features such as their patented security systems, multiple doors, electrical wiring and shelving. In addition to their leasing operations, they sell new and used portable storage units and provide other ancillary services. “
Separately, TheStreet downgraded shares of Mobile Mini from a buy rating to a hold rating in a report on Friday, August 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $38.33.
Mobile Mini (NASDAQ:MINI) traded up 0.23% during mid-day trading on Thursday, hitting $30.07. The stock had a trading volume of 50,888 shares. Mobile Mini has a one year low of $24.13 and a one year high of $38.13. The firm’s 50-day moving average is $29.57 and its 200 day moving average is $32.44. The stock has a market cap of $1.33 billion, a PE ratio of 35.38 and a beta of 2.09.
Mobile Mini (NASDAQ:MINI) last released its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. Mobile Mini had a return on equity of 7.62% and a net margin of 7.45%. The company earned $124.84 million during the quarter, compared to analysts’ expectations of $128.81 million. During the same quarter in the previous year, the company earned $0.28 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts expect that Mobile Mini will post $1.32 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th were given a $0.206 dividend. The ex-dividend date was Monday, August 15th. This represents a $0.82 annualized dividend and a yield of 2.75%. Mobile Mini’s dividend payout ratio is 95.35%.
In other Mobile Mini news, Director Jeffrey S. Goble sold 8,338 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $32.47, for a total value of $270,734.86. Following the sale, the director now directly owns 20,117 shares in the company, valued at approximately $653,198.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.40% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in Mobile Mini during the fourth quarter valued at about $9,981,000. Aperio Group LLC raised its stake in Mobile Mini by 4.3% in the first quarter. Aperio Group LLC now owns 14,135 shares of the company’s stock valued at $467,000 after buying an additional 579 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Mobile Mini during the first quarter valued at $211,000. Ngam Advisors L.P. raised its stake in shares of Mobile Mini by 347.8% in the first quarter. Ngam Advisors L.P. now owns 243,465 shares of the company’s stock valued at $8,039,000 after buying an additional 189,092 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Mobile Mini by 2.5% in the first quarter. Prudential Financial Inc. now owns 107,384 shares of the company’s stock valued at $3,546,000 after buying an additional 2,660 shares during the period.
Mobile Mini Company Profile
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It 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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