Iron Mountain Incorporated (IRM) Set to Announce Earnings on Tuesday
Iron Mountain Incorporated (NYSE:IRM) will be releasing its earnings data before the market opens on Tuesday, October 24th. Analysts expect Iron Mountain to post earnings of $0.29 per share for the quarter.
Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $950.00 million during the quarter, compared to analyst estimates of $955.05 million. Iron Mountain had a return on equity of 14.46% and a net margin of 5.14%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, analysts expect Iron Mountain to post $2.18 EPS for the current fiscal year and $2.37 EPS for the next fiscal year.
Shares of Iron Mountain Incorporated (NYSE:IRM) opened at 39.81 on Tuesday. Iron Mountain Incorporated has a 52-week low of $30.75 and a 52-week high of $40.64. The stock has a market capitalization of $10.53 billion, a P/E ratio of 54.61 and a beta of 0.91. The company has a 50 day moving average price of $39.37 and a 200-day moving average price of $36.37.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend was Thursday, September 14th. Iron Mountain’s payout ratio is 297.30%.
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Several equities research analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price objective on shares of Iron Mountain in a report on Sunday, September 3rd. Zacks Investment Research cut Iron Mountain from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BidaskClub upgraded Iron Mountain from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, Robert W. Baird set a $39.00 price objective on Iron Mountain and gave the stock a “hold” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.25.
In other news, EVP Theodore Maclean sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $38.13, for a total transaction of $57,195.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Tomovcsik sold 29,450 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $38.00, for a total value of $1,119,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,329 shares of company stock worth $2,969,441. 1.50% of the stock is currently owned by insiders.
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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