Mobile Mini, Inc. (MINI) to Release Earnings on Monday
Mobile Mini, Inc. (NASDAQ:MINI) will release its earnings data before the market opens on Monday, October 23rd. Analysts expect Mobile Mini to post earnings of $0.32 per share for the quarter.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). Mobile Mini had a return on equity of 7.52% and a net margin of 10.03%. The business had revenue of $126.70 million for the quarter, compared to the consensus estimate of $126.03 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. Mobile Mini’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts expect Mobile Mini to post $1.22 EPS for the current fiscal year and $1.4 EPS for the next fiscal year.
Shares of Mobile Mini, Inc. (MINI) opened at 33.50 on Monday. Mobile Mini, Inc. has a 12 month low of $23.40 and a 12 month high of $37.05. The company’s 50 day moving average price is $32.58 and its 200 day moving average price is $30.13. The company has a market capitalization of $1.47 billion, a P/E ratio of 29.11 and a beta of 2.26.
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In other Mobile Mini news, Director Lawrence Trachtenberg sold 10,000 shares of Mobile Mini stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.59, for a total transaction of $315,900.00. Following the completion of the sale, the director now owns 38,181 shares of the company’s stock, valued at $1,206,137.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark Funk sold 16,339 shares of Mobile Mini stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $30.42, for a total value of $497,032.38. Following the sale, the chief financial officer now directly owns 170,291 shares of the company’s stock, valued at approximately $5,180,252.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 156,065 shares of company stock valued at $4,832,212. Corporate insiders own 6.50% of the company’s stock.
Several equities research analysts recently issued reports on MINI shares. BidaskClub raised Mobile Mini from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research lowered Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of Mobile Mini in a research note on Friday, September 1st. Robert W. Baird set a $34.00 price target on Mobile Mini and gave the stock a “hold” rating in a research note on Sunday, September 10th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Mobile Mini in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Mobile Mini presently has an average rating of “Hold” and an average price target of $35.33.
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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