Media coverage about Iron Mountain (NYSE:IRM) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Iron Mountain earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 88 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the immediate future.
Shares of Iron Mountain (NYSE:IRM) traded up 1.17% during midday trading on Friday, hitting $34.52. The company had a trading volume of 1,266,860 shares. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 90.84 and a beta of 1.01. Iron Mountain has a 12-month low of $30.75 and a 12-month high of $41.50. The company’s 50-day moving average price is $34.73 and its 200 day moving average price is $34.93.
Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $939 million during the quarter, compared to analysts’ expectations of $928.62 million. Iron Mountain had a net margin of 2.75% and a return on equity of 12.74%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Equities research analysts predict that Iron Mountain will post $1.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.37%. Iron Mountain’s dividend payout ratio (DPR) is currently 578.96%.
A number of equities analysts have weighed in on IRM shares. TheStreet raised Iron Mountain from a “c+” rating to a “b” rating in a research report on Thursday, February 23rd. Zacks Investment Research downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. Deutsche Bank AG downgraded Iron Mountain from a “hold” rating to a “sell” rating and decreased their target price for the company from $41.00 to $30.00 in a research report on Wednesday, June 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 target price on shares of Iron Mountain in a research report on Friday, June 9th. Finally, BidaskClub downgraded Iron Mountain from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Three investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Iron Mountain has a consensus rating of “Hold” and a consensus price target of $38.75.
In other news, SVP Eileen Sweeney sold 2,100 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $35.14, for a total transaction of $73,794.00. Following the completion of the transaction, the senior vice president now directly owns 2,104 shares in the company, valued at approximately $73,934.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Walter C. Rakowich sold 1,552 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $35.15, for a total transaction of $54,552.80. Following the transaction, the director now owns 15,074 shares of the company’s stock, valued at $529,851.10. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
About Iron Mountain
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
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