Equities research analysts expect that Iron Mountain Incorporated (NYSE:IRM) will announce $0.52 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Iron Mountain’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.56. Iron Mountain posted earnings per share of $0.47 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.6%. The business is scheduled to issue its next earnings results before the market opens on Friday, July 28th.

On average, analysts expect that Iron Mountain will report full year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.07 to $2.29. For the next financial year, analysts expect that the firm will post earnings of $2.38 per share, with EPS estimates ranging from $2.27 to $2.45. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Iron Mountain.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.03. The company had revenue of $939 million during the quarter, compared to analysts’ expectations of $928.62 million. Iron Mountain had a return on equity of 12.74% and a net margin of 2.75%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS.

IRM has been the subject of a number of recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price objective on shares of Iron Mountain in a research note on Friday, June 9th. BidaskClub raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Deutsche Bank AG downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $41.00 to $30.00 in a research note on Wednesday, June 7th. Finally, Zacks Investment Research downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.75.

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In other Iron Mountain news, SVP Eileen Sweeney sold 2,100 shares of Iron Mountain stock in a transaction on Monday, June 5th. The shares were sold at an average price of $35.14, for a total value of $73,794.00. Following the transaction, the senior vice president now directly owns 2,104 shares of the company’s stock, valued at $73,934.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter C. Rakowich sold 1,552 shares of Iron Mountain stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $35.15, for a total transaction of $54,552.80. Following the completion of the transaction, the director now directly owns 15,074 shares in the company, valued at $529,851.10. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in IRM. Vanguard Group Inc. raised its position in Iron Mountain by 2.1% in the first quarter. Vanguard Group Inc. now owns 43,247,671 shares of the financial services provider’s stock valued at $1,542,644,000 after buying an additional 893,442 shares in the last quarter. BlackRock Inc. raised its stake in shares of Iron Mountain by 3,761.9% in the first quarter. BlackRock Inc. now owns 18,027,691 shares of the financial services provider’s stock worth $643,048,000 after buying an additional 17,560,886 shares during the period. Parnassus Investments CA raised its stake in shares of Iron Mountain by 3.8% in the first quarter. Parnassus Investments CA now owns 11,942,837 shares of the financial services provider’s stock worth $414,108,000 after buying an additional 441,458 shares during the period. State Street Corp raised its stake in shares of Iron Mountain by 3.1% in the first quarter. State Street Corp now owns 10,575,065 shares of the financial services provider’s stock worth $377,212,000 after buying an additional 320,851 shares during the period. Finally, Epoch Investment Partners Inc. raised its stake in shares of Iron Mountain by 9.2% in the first quarter. Epoch Investment Partners Inc. now owns 6,223,354 shares of the financial services provider’s stock worth $221,986,000 after buying an additional 523,420 shares during the period. 86.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Iron Mountain (NYSE:IRM) opened at 35.00 on Monday. The stock has a market cap of $9.24 billion, a P/E ratio of 92.11 and a beta of 0.93. Iron Mountain has a 1-year low of $30.75 and a 1-year high of $41.50. The company has a 50 day moving average price of $34.37 and a 200 day moving average price of $35.11.

The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 6.29%. The ex-dividend date was Tuesday, June 13th. Iron Mountain’s dividend payout ratio is currently 578.96%.

Iron Mountain Company Profile

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

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Earnings History and Estimates for Iron Mountain (NYSE:IRM)

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