Wall Street analysts forecast that Mobile Mini Inc (NASDAQ:MINI) will announce sales of $140.58 million for the current quarter, according to Zacks. Three analysts have provided estimates for Mobile Mini’s earnings, with estimates ranging from $139.30 million to $141.80 million. Mobile Mini posted sales of $126.69 million in the same quarter last year, which would indicate a positive year over year growth rate of 11%. The firm is scheduled to issue its next quarterly earnings results on Friday, July 20th.
On average, analysts expect that Mobile Mini will report full-year sales of $583.75 million for the current fiscal year, with estimates ranging from $577.69 million to $587.00 million. For the next financial year, analysts expect that the firm will post sales of $610.27 million per share, with estimates ranging from $598.81 million to $617.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Mobile Mini.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Friday, April 20th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $132.30 million during the quarter, compared to analysts’ expectations of $133.18 million. Mobile Mini had a net margin of 23.05% and a return on equity of 6.73%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share.
Several equities research analysts have recently issued reports on MINI shares. BidaskClub upgraded Mobile Mini from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 22nd. ValuEngine upgraded Mobile Mini from a “hold” rating to a “buy” rating in a report on Tuesday, May 29th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $45.71.
In other Mobile Mini news, Director Frederick G. Mcnamee sold 8,000 shares of the firm’s stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $44.16, for a total value of $353,280.00. Following the transaction, the director now directly owns 10,393 shares of the company’s stock, valued at $458,954.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen A. Mcconnell sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $46.87, for a total value of $937,400.00. Following the completion of the transaction, the director now directly owns 94,789 shares in the company, valued at $4,442,760.43. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Mobile Mini by 60.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,376 shares of the industrial products company’s stock valued at $147,000 after purchasing an additional 1,275 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Mobile Mini by 81.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,227 shares of the industrial products company’s stock worth $184,000 after acquiring an additional 1,901 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Mobile Mini during the first quarter worth about $248,000. Meadow Creek Investment Management LLC increased its position in shares of Mobile Mini by 24.4% during the fourth quarter. Meadow Creek Investment Management LLC now owns 5,992 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 1,176 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Mobile Mini during the first quarter worth about $280,000. 99.70% of the stock is currently owned by institutional investors.
Shares of MINI stock traded down $0.05 during mid-day trading on Monday, hitting $46.85. 282,487 shares of the company’s stock were exchanged, compared to its average volume of 218,732. Mobile Mini has a fifty-two week low of $27.85 and a fifty-two week high of $48.65. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 40.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.96.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 30th. Shareholders of record on Wednesday, May 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Tuesday, May 15th. Mobile Mini’s dividend payout ratio (DPR) is presently 86.21%.
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 and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.
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