Mobile Mini Lowered to Neutral at Robert W. Baird (MINI)
Mobile Mini (NASDAQ:MINI) was downgraded by stock analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $48.00 price objective on the stock, down from their previous price objective of $51.00. Robert W. Baird’s target price points to a potential upside of 28.51% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer raised their price target on shares of Mobile Mini from $49.00 to $51.00 in a research note on Tuesday, July 15th. They now have an “outperform” rating on the stock. Separately, analysts at KeyCorp raised their price target on shares of Mobile Mini from $50.00 to $52.00 in a research note on Monday, July 14th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Mobile Mini in a research note on Monday, June 9th. They set a “buy” rating and a $57.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $49.57.
Shares of Mobile Mini (NASDAQ:MINI) traded down 1.09% on Thursday, hitting $37.35. 650,242 shares of the company’s stock traded hands. Mobile Mini has a 52-week low of $27.53 and a 52-week high of $49.68. The stock has a 50-day moving average of $45.99 and a 200-day moving average of $43.46. The company has a market cap of $1.727 billion and a price-to-earnings ratio of 40.87.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.01. The company had revenue of $106.50 million for the quarter, compared to the consensus estimate of $105.93 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Mobile Mini will post $1.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, August 18th.
Mobile Mini, Inc (NASDAQ:MINI) is a provider of portable storage solutions with a total portable storage and office fleet.
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