$134.36 Million in Sales Expected for Mobile Mini, Inc. (NASDAQ:MINI) This Quarter
Brokerages expect that Mobile Mini, Inc. (NASDAQ:MINI) will report sales of $134.36 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Mobile Mini’s earnings, with the lowest sales estimate coming in at $132.80 million and the highest estimate coming in at $136.08 million. Mobile Mini reported sales of $128.85 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The company is expected to report its next quarterly earnings results on Tuesday, October 24th.
On average, analysts expect that Mobile Mini will report full-year sales of $134.36 million for the current fiscal year, with estimates ranging from $517.80 million to $527.16 million. For the next year, analysts anticipate that the company will post sales of $543.92 million per share, with estimates ranging from $533.60 million to $550.49 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Mobile Mini.
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 analysts’ consensus estimates of $0.26 by $0.02. Mobile Mini had a return on equity of 7.52% and a net margin of 10.03%. The firm had revenue of $126.70 million for the quarter, compared to analyst estimates of $126.03 million. During the same period last year, the company earned $0.25 EPS. The company’s revenue was up 1.5% compared to the same quarter last year.
Several research analysts recently issued reports on the company. Zacks Investment Research cut Mobile Mini from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. BidaskClub raised Mobile Mini from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $35.00.
In other Mobile Mini news, insider Mark Funk sold 36,080 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $30.34, for a total value of $1,094,667.20. Following the sale, the insider now directly owns 170,291 shares in the company, valued at $5,166,628.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lawrence Trachtenberg sold 10,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the completion of the sale, the director now owns 38,181 shares in the company, valued at $1,206,137.79. The disclosure for this sale can be found here. In the last three months, insiders sold 156,065 shares of company stock worth $4,832,212. Insiders own 6.50% of the company’s stock.
Several hedge funds have recently modified their holdings of MINI. Ameritas Investment Partners Inc. purchased a new stake in shares of Mobile Mini during the first quarter valued at about $117,000. State of Alaska Department of Revenue raised its stake in 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 worth $149,000 after buying an additional 100 shares during the last quarter. Foresters Investment Management Company Inc. raised its stake in 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 worth $149,000 after buying an additional 300 shares during the last quarter. SG Americas Securities LLC bought a new stake in Mobile Mini during the second quarter worth about $152,000. Finally, Trexquant Investment LP bought a new stake in Mobile Mini during the second quarter worth about $206,000.
Mobile Mini (NASDAQ MINI) traded up 2.79% during trading on Monday, reaching $30.50. The company’s stock had a trading volume of 66,166 shares. The stock has a market cap of $1.34 billion, a PE ratio of 26.50 and a beta of 2.26. The company’s 50-day moving average is $30.21 and its 200-day moving average is $30.19. Mobile Mini has a 12 month low of $23.40 and a 12 month high of $37.05.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be given a $0.227 dividend. The ex-dividend date is Monday, August 14th. This represents a $0.91 annualized dividend and a yield of 3.04%. Mobile Mini’s dividend payout ratio is currently 78.45%.
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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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