Oppenheimer Holdings Analysts Lower Earnings Estimates for Mobile Mini, Inc. (MINI)
Mobile Mini, Inc. (NASDAQ:MINI) – Equities research analysts at Oppenheimer Holdings decreased their FY2017 EPS estimates for shares of Mobile Mini in a research note issued on Monday. Oppenheimer Holdings analyst S. Schneeberger now expects that the industrial products company will earn $1.09 per share for the year, down from their previous estimate of $1.20. Oppenheimer Holdings currently has a “Buy” rating and a $36.00 target price on the stock. Oppenheimer Holdings also issued estimates for Mobile Mini’s Q4 2017 earnings at $0.34 EPS, FY2018 earnings at $1.31 EPS and FY2019 earnings at $1.57 EPS.
Several other research analysts have also weighed in on the stock. BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of Mobile Mini in a report on Friday, September 1st. Robert W. Baird set a $34.00 price objective on shares of Mobile Mini and gave the stock a “hold” rating in a report on Sunday, September 10th. KeyCorp reissued a “hold” rating on shares of Mobile Mini in a report on Wednesday, October 4th. Finally, Zacks Investment Research lowered shares of Mobile Mini from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.00.
Shares of Mobile Mini (MINI) opened at 33.45 on Tuesday. Mobile Mini has a 52-week low of $23.40 and a 52-week high of $37.05. The stock’s 50 day moving average is $33.22 and its 200 day moving average is $30.31. The stock has a market capitalization of $1.47 billion, a PE ratio of 29.06 and a beta of 2.26.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.05). The firm had revenue of $136.64 million for the quarter, compared to analysts’ expectations of $133.73 million. Mobile Mini had a return on equity of 7.17% and a net margin of 9.59%. Mobile Mini’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share.
Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. lifted its position in shares of Mobile Mini by 19.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 142,312 shares of the industrial products company’s stock worth $4,248,000 after buying an additional 23,216 shares during the last quarter. Aperio Group LLC lifted its position in shares of Mobile Mini by 14.0% in the 2nd quarter. Aperio Group LLC now owns 13,192 shares of the industrial products company’s stock worth $394,000 after buying an additional 1,621 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Mobile Mini by 15.4% in the 1st quarter. Bank of America Corp DE now owns 330,816 shares of the industrial products company’s stock worth $10,090,000 after buying an additional 44,165 shares during the last quarter. Comerica Bank lifted its position in shares of Mobile Mini by 23.1% in the 2nd quarter. Comerica Bank now owns 125,930 shares of the industrial products company’s stock worth $3,847,000 after buying an additional 23,605 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Mobile Mini by 24.6% in the 1st quarter. OppenheimerFunds Inc. now owns 13,119 shares of the industrial products company’s stock worth $400,000 after buying an additional 2,591 shares during the last quarter.
In other news, insider Mark Funk sold 41,020 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $31.82, for a total value of $1,305,256.40. Following the transaction, the insider now directly owns 153,260 shares in the company, valued at approximately $4,876,733.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence Trachtenberg sold 10,000 shares of the firm’s 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 transaction, 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. Over the last 90 days, insiders sold 139,726 shares of company stock worth $4,335,180. Insiders own 6.50% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be given a $0.227 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.71%. Mobile Mini’s payout ratio is currently 81.25%.
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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