Oppenheimer Reiterates Outperform Rating for Mobile Mini (MINI)
Mobile Mini (NASDAQ:MINI)‘s stock had its “outperform” rating restated by equities researchers at Oppenheimer in a research report issued on Thursday, Analyst RN reports. They currently have a $47.00 price target on the stock. Oppenheimer’s price objective indicates a potential upside of 5.76% from the stock’s previous close.
Shares of Mobile Mini (NASDAQ:MINI) traded up 0.59% during mid-day trading on Thursday, hitting $44.44. 412,844 shares of the company’s stock traded hands. Mobile Mini has a 1-year low of $27.53 and a 1-year high of $46.65. The stock’s 50-day moving average is $43.17 and its 200-day moving average is $40.38. The company has a market cap of $2.048 billion and a P/E ratio of 84.64.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.04. The company had revenue of $102.40 million for the quarter, compared to the consensus estimate of $101.30 million. During the same quarter last year, the company posted $0.27 earnings per share. Mobile Mini’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that Mobile Mini will post $1.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Monday, May 19th.
A number of other analysts have also recently weighed in on MINI. Analysts at Zacks downgraded shares of Mobile Mini from a “neutral” rating to an “underperform” rating in a research note on Monday, April 7th. They now have a $39.40 price target on the stock. Separately, analysts at SunTrust initiated coverage on shares of Mobile Mini in a research note on Wednesday, April 2nd. They set a “neutral” rating and a $45.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Mobile Mini from $45.00 to $49.00 in a research note on Monday, March 10th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $43.88.
Mobile Mini, Inc (NASDAQ:MINI) is a provider of portable storage solutions with a total portable storage and office fleet of over 234,700 units as of December 31, 2012.
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