Iron Mountain (IRM) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS
Iron Mountain (NYSE:IRM) issued its quarterly earnings data on Friday. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.10, StockRatingsNetwork.com reports. The company had revenue of $769.00 million for the quarter, compared to the consensus estimate of $756.56 million.
Iron Mountain (NYSE:IRM) opened at 28.41 on Friday. Iron Mountain has a 52-week low of $25.03 and a 52-week high of $39.71. The stock has a 50-day moving average of $27. and a 200-day moving average of $27.54. The company has a market cap of $5.432 billion and a price-to-earnings ratio of 71.68. Iron Mountain also saw unusually large options trading activity on Thursday. Stock investors bought 14,882 put options on the stock. This represents an increase of approximately 408% compared to the average daily volume of 2,928 put options.
A number of research firms have recently commented on IRM. Analysts at Ned Davis Research upgraded shares of Iron Mountain from a “sell” rating to a “neutral” rating in a research note on Monday. On the ratings front, analysts at Ameriprise Financial initiated coverage on shares of Iron Mountain in a research note on Friday, January 31st. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Iron Mountain in a research note on Thursday, January 9th. They now have a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Iron Mountain presently has a consensus rating of “Hold” and a consensus price target of $32.58.
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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