Mobile Mini Inc (NASDAQ:MINI) has been given an average rating of “Hold” by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $45.40.
Several analysts recently issued reports on the stock. Noble Financial raised shares of Mobile Mini from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 23rd. Credit Suisse Group dropped their price objective on shares of Mobile Mini from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Zacks Investment Research raised shares of Mobile Mini from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. ValuEngine lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Finally, Robert W. Baird set a $41.00 target price on shares of Mobile Mini and gave the company a “hold” rating in a report on Friday, July 26th.
Large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of Mobile Mini by 11.7% in the 2nd quarter. BlackRock Inc. now owns 7,284,309 shares of the industrial products company’s stock worth $221,662,000 after acquiring an additional 763,119 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Mobile Mini by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,907,610 shares of the industrial products company’s stock worth $149,339,000 after acquiring an additional 100,889 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Mobile Mini by 9.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 766,271 shares of the industrial products company’s stock worth $23,316,000 after acquiring an additional 66,027 shares during the last quarter. Bernzott Capital Advisors lifted its holdings in shares of Mobile Mini by 16.1% in the 2nd quarter. Bernzott Capital Advisors now owns 712,003 shares of the industrial products company’s stock worth $21,666,000 after acquiring an additional 98,691 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Mobile Mini by 0.4% in the 2nd quarter. Invesco Ltd. now owns 669,644 shares of the industrial products company’s stock worth $20,377,000 after acquiring an additional 2,699 shares during the last quarter. Institutional investors own 96.94% of the company’s stock.
NASDAQ MINI traded down $0.63 during trading hours on Friday, hitting $29.50. 18,106 shares of the company’s stock traded hands, compared to its average volume of 334,652. Mobile Mini has a 52-week low of $29.46 and a 52-week high of $45.30. The company has a market cap of $1.42 billion, a P/E ratio of 17.99, a PEG ratio of 1.19 and a beta of 1.61. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average is $32.27.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. Mobile Mini had a negative net margin of 0.95% and a positive return on equity of 9.70%. The company had revenue of $150.18 million during the quarter, compared to analysts’ expectations of $151.75 million. During the same quarter in the prior year, the company earned $0.35 EPS. Mobile Mini’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Mobile Mini will post 1.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be issued a $0.275 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $1.10 annualized dividend and a yield of 3.73%. Mobile Mini’s payout ratio is 67.07%.
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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.
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