Mobile Mini Inc (MINI) Expected to Announce Quarterly Sales of $126.15 Million
Wall Street analysts predict that Mobile Mini Inc (NASDAQ:MINI) will report sales of $126.15 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Mobile Mini’s earnings. The highest sales estimate is $126.5 million and the lowest is $125.7 million. Mobile Mini reported sales of $124.85 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1%. The firm is scheduled to issue its next earnings report on Thursday, July 27th.
According to Zacks, analysts expect that Mobile Mini will report full year sales of $126.15 million for the current year, with estimates ranging from $517.1 million to $524.26 million. For the next year, analysts anticipate that the company will report sales of $543.76 million per share, with estimates ranging from $536.84 million to $548.5 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Mobile Mini.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. Mobile Mini had a net margin of 9.29% and a return on equity of 7.85%. The company had revenue of $123.53 million for the quarter, compared to analysts’ expectations of $124.31 million. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis.
Several equities analysts have recently commented on MINI shares. Zacks Investment Research cut Mobile Mini from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price (up from $34.00) on shares of Mobile Mini in a research note on Friday, February 3rd.
Mobile Mini (NASDAQ:MINI) traded down 1.40% during mid-day trading on Thursday, reaching $28.25. 36,594 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $29.23 and its 200-day moving average price is $30.18. Mobile Mini has a 52 week low of $23.40 and a 52 week high of $38.13. The company has a market capitalization of $1.24 billion, a P/E ratio of 27.16 and a beta of 2.41.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th will be paid a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a yield of 3.17%. The ex-dividend date is Monday, May 15th. Mobile Mini’s dividend payout ratio (DPR) is presently 76.64%.
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Institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of Mobile Mini during the third quarter valued at about $4,530,000. Jennison Associates LLC boosted its position in shares of Mobile Mini by 14.0% in the third quarter. Jennison Associates LLC now owns 3,344,722 shares of the industrial products company’s stock valued at $101,011,000 after buying an additional 410,274 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Mobile Mini by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 6,023 shares of the industrial products company’s stock valued at $182,000 after buying an additional 47 shares during the period. BlackRock Advisors LLC boosted its position in shares of Mobile Mini by 10.5% in the third quarter. BlackRock Advisors LLC now owns 22,934 shares of the industrial products company’s stock valued at $693,000 after buying an additional 2,182 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of Mobile Mini by 7.9% in the third quarter. BlackRock Fund Advisors now owns 3,069,614 shares of the industrial products company’s stock valued at $92,702,000 after buying an additional 223,756 shares during the period.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.
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