Zacks: Analysts Expect Mobile Mini, Inc. (MINI) Will Announce Quarterly Sales of $142.51 Million
Equities analysts predict that Mobile Mini, Inc. (NASDAQ:MINI) will announce $142.51 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Mobile Mini’s earnings. The highest sales estimate is $144.16 million and the lowest is $141.30 million. Mobile Mini reported sales of $130.39 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The company is expected to issue its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Mobile Mini will report full-year sales of $142.51 million for the current financial year, with estimates ranging from $528.20 million to $531.01 million. For the next financial year, analysts expect that the firm will report sales of $559.92 million per share, with estimates ranging from $552.90 million to $567.67 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Mobile Mini.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.05). Mobile Mini had a net margin of 9.59% and a return on equity of 7.17%. The business had revenue of $136.64 million during the quarter, compared to analyst estimates of $133.73 million. During the same period in the previous year, the company posted $0.31 earnings per share. Mobile Mini’s revenue was up 6.0% compared to the same quarter last year.
A number of brokerages have issued reports on MINI. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $36.00 target price on shares of Mobile Mini in a report on Monday. Zacks Investment Research cut Mobile Mini from a “hold” rating to a “sell” rating in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $38.00 target price on shares of Mobile Mini in a report on Sunday, October 22nd. SunTrust Banks, Inc. restated a “hold” rating on shares of Mobile Mini in a report on Sunday, October 22nd. Finally, Robert W. Baird raised their target price on Mobile Mini from $34.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Mobile Mini has a consensus rating of “Hold” and an average price target of $37.00.
Shares of Mobile Mini (NASDAQ MINI) opened at 33.95 on Friday. The firm has a 50-day moving average of $33.34 and a 200-day moving average of $30.37. The firm has a market capitalization of $1.49 billion, a P/E ratio of 29.50 and a beta of 2.27. Mobile Mini has a one year low of $24.08 and a one year high of $37.05.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.227 per share. This represents a $0.91 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, November 14th. Mobile Mini’s dividend payout ratio (DPR) is currently 81.25%.
In other news, insider Mark Funk sold 32,930 shares of Mobile Mini stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $30.94, for a total transaction of $1,018,854.20. Following the transaction, the insider now owns 163,487 shares in the company, valued at approximately $5,058,287.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence Trachtenberg sold 10,000 shares of Mobile Mini stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. Following the transaction, the director now owns 38,181 shares in the company, valued at approximately $1,206,137.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,649 shares of company stock worth $2,756,603. Company insiders own 6.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in shares of Mobile Mini by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 27,772 shares of the industrial products company’s stock valued at $829,000 after purchasing an additional 148 shares in the last quarter. Texas Permanent School Fund lifted its holdings in shares of Mobile Mini by 0.7% during the 2nd quarter. Texas Permanent School Fund now owns 32,274 shares of the industrial products company’s stock valued at $963,000 after purchasing an additional 214 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Mobile Mini by 0.5% during the 1st quarter. Legal & General Group Plc now owns 79,565 shares of the industrial products company’s stock valued at $2,426,000 after purchasing an additional 421 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Mobile Mini by 3.5% during the 1st quarter. Victory Capital Management Inc. now owns 12,756 shares of the industrial products company’s stock valued at $389,000 after purchasing an additional 437 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Mobile Mini by 3.8% during the 1st quarter. UBS Group AG now owns 14,885 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 540 shares in the last quarter.
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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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