KeyCorp Weighs in on Mobile Mini, Inc.’s Q3 2017 Earnings (NASDAQ:MINI)
Mobile Mini, Inc. (NASDAQ:MINI) – Equities researchers at KeyCorp dropped their Q3 2017 EPS estimates for shares of Mobile Mini in a note issued to investors on Sunday. KeyCorp analyst J. Box now forecasts that the industrial products company will earn $0.32 per share for the quarter, down from their prior forecast of $0.36. KeyCorp also issued estimates for Mobile Mini’s Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $1.20 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.44 EPS and FY2018 earnings at $1.33 EPS.
MINI has been the subject of a number of other research reports. Zacks Investment Research upgraded Mobile Mini from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Thursday, April 6th. BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.00.
Mobile Mini (NASDAQ MINI) opened at 30.55 on Tuesday. The stock has a 50 day moving average price of $29.49 and a 200-day moving average price of $30.04. Mobile Mini has a 12-month low of $23.40 and a 12-month high of $37.37. The firm has a market capitalization of $1.34 billion, a PE ratio of 26.54 and a beta of 2.26.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.02. Mobile Mini had a return on equity of 7.57% and a net margin of 10.03%. The company had revenue of $126.70 million during the quarter, compared to analyst estimates of $126.03 million. During the same period last year, the firm earned $0.25 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of MINI. Ameritas Investment Partners Inc. acquired a new position in Mobile Mini during the first quarter valued at approximately $117,000. State of Alaska Department of Revenue increased its stake in shares of Mobile Mini by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,910 shares of the industrial products company’s stock valued at $149,000 after buying an additional 100 shares in the last quarter. Foresters Investment Management Company Inc. increased its stake in shares of Mobile Mini by 6.5% in the first quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock valued at $149,000 after buying an additional 300 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Mobile Mini during the second quarter valued at about $209,000. Finally, Miles Capital Inc. increased its stake in shares of Mobile Mini by 0.3% in the first quarter. Miles Capital Inc. now owns 7,121 shares of the industrial products company’s stock valued at $217,000 after buying an additional 19 shares in the last quarter.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a yield of 2.97%. The ex-dividend date is Monday, August 14th. Mobile Mini’s payout ratio is 78.45%.
Mobile Mini Company Profile
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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