Oppenheimer Holdings Weighs in on Mobile Mini, Inc.’s FY2017 Earnings (NASDAQ:MINI)
Mobile Mini, Inc. (NASDAQ:MINI) – Oppenheimer Holdings lowered their FY2017 EPS estimates for Mobile Mini in a research report issued on Monday. Oppenheimer Holdings analyst S. Schneeberger now anticipates that the industrial products company will earn $1.20 per share for the year, down from their previous forecast of $1.26.
Several other equities analysts have also recently weighed in on MINI. Zacks Investment Research raised Mobile Mini from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, April 6th. BidaskClub raised Mobile Mini from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.00.
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Mobile Mini (NASDAQ MINI) remained flat at $30.30 during mid-day trading on Wednesday. 10,937 shares of the company’s stock were exchanged. The company has a market capitalization of $1.33 billion, a P/E ratio of 26.32 and a beta of 2.26. Mobile Mini has a 52-week low of $23.40 and a 52-week high of $37.37. The firm has a 50-day moving average of $29.49 and a 200 day moving average of $30.04.
Mobile Mini (NASDAQ:MINI) last posted its earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The firm had revenue of $126.70 million during the quarter, compared to analyst estimates of $126.03 million. Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS.
A number of institutional investors have recently modified their holdings of MINI. Russell Investments Group Ltd. raised its position in shares of Mobile Mini by 44.6% in the second quarter. Russell Investments Group Ltd. now owns 396,069 shares of the industrial products company’s stock valued at $11,823,000 after buying an additional 122,175 shares in the last quarter. Aperio Group LLC raised its position in shares of Mobile Mini by 14.0% in the second quarter. Aperio Group LLC now owns 13,192 shares of the industrial products company’s stock valued at $394,000 after buying an additional 1,621 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in shares of Mobile Mini during the second quarter valued at about $209,000. State of Alaska Department of Revenue raised its position in shares of Mobile Mini by 77.8% in the second quarter. State of Alaska Department of Revenue now owns 8,728 shares of the industrial products company’s stock valued at $260,000 after buying an additional 3,818 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Mobile Mini by 0.5% in the second quarter. Bank of Montreal Can now owns 27,772 shares of the industrial products company’s stock valued at $829,000 after buying an additional 148 shares in the last quarter.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.227 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.91 annualized dividend and a yield of 3.00%. Mobile Mini’s dividend 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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