Iron Mountain Inc. (IRM) Plans Quarterly Dividend of $0.27
Iron Mountain (NYSE:IRM) declared a quarterly dividend on Wednesday, September 11th, Stock Ratings Network reports. Stockholders of record on Wednesday, September 25th will be given a dividend of $0.27 per share on Tuesday, October 15th. This represents a $1.08 dividend on an annualized basis and a yield of 4.18%.
A number of analysts have recently weighed in on IRM shares. Analysts at Zacks reiterated a “neutral” rating on shares of Iron Mountain (NYSE:IRM) in a research note to investors on Friday, August 30th. They now have a $28.00 price target on the stock. On a related note, analysts at Piper Jaffray Cos. reiterated a “buy” rating on shares of Iron Mountain (NYSE:IRM) in a research note to investors on Thursday, August 29th. They now have a $39.49 price target on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Iron Mountain (NYSE:IRM) from $32.00 to $30.00 in a research note to investors on Thursday, August 29th. They now have an “equal weight” rating on the stock.
Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $36.58.
Shares of Iron Mountain (NYSE:IRM) traded up 0.81% on Wednesday, hitting $26.06. 102,020 shares of the company’s stock traded hands. Iron Mountain has a 52 week low of $25.53 and a 52 week high of $39.71. The stock has a 50-day moving average of $27.22 and a 200-day moving average of $32.30. The company has a market cap of $4.980 billion and a P/E ratio of 38.47.
Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, August 1st. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.02. The company had revenue of $755.00 million for the quarter, compared to the consensus estimate of $763.42 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Analysts expect that Iron Mountain will post $1.11 EPS for the current fiscal year.
Iron Mountain Incorporated (NYSE:IRM) is engaged in storing records, primarily paper documents and data backup media, and provide information management services.
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