Brokerages expect Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) to post earnings per share (EPS) of $0.57 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Iron Mountain Incorporated (Delaware) REIT’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.53. Iron Mountain Incorporated (Delaware) REIT reported earnings per share of $0.26 during the same quarter last year, which would suggest a positive year-over-year growth rate of 119.2%. The firm is expected to announce its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Iron Mountain Incorporated (Delaware) REIT will report full-year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.11 to $2.16. For the next year, analysts expect that the company will post earnings of $2.34 per share, with EPS estimates ranging from $2.24 to $2.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Iron Mountain Incorporated (Delaware) REIT.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 15.49% and a net margin of 5.54%. The business had revenue of $966.00 million for the quarter, compared to analyst estimates of $960.99 million. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year.

A number of equities analysts recently commented on the company. BidaskClub upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. ValuEngine upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a research note on Friday, October 20th. Finally, Robert W. Baird set a $39.00 price target on Iron Mountain Incorporated (Delaware) REIT and gave the stock a “hold” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.20.

Iron Mountain Incorporated (NYSE:IRM) traded down $0.12 during trading hours on Friday, reaching $40.75. The company had a trading volume of 1,260,615 shares, compared to its average volume of 1,082,383. The firm has a market capitalization of $10,909.72, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 6.38 and a beta of 1.00. Iron Mountain Incorporated has a fifty-two week low of $31.39 and a fifty-two week high of $41.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $0.5875 dividend. This is an increase from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. This represents a $2.35 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Thursday, December 14th. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is presently 275.00%.

In other Iron Mountain Incorporated (Delaware) REIT news, EVP Theodore Maclean sold 1,500 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $38.13, for a total value of $57,195.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Edward Bicks sold 1,880 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $41.50, for a total value of $78,020.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,758 shares of company stock valued at $2,050,846. 1.50% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of IRM. BlackRock Inc. boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 5.0% during the second quarter. BlackRock Inc. now owns 18,924,442 shares of the financial services provider’s stock worth $650,244,000 after buying an additional 896,751 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 25.2% during the third quarter. Bank of New York Mellon Corp now owns 3,579,236 shares of the financial services provider’s stock worth $139,231,000 after buying an additional 720,270 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 89.2% during the third quarter. Pictet Asset Management Ltd. now owns 1,462,729 shares of the financial services provider’s stock worth $56,900,000 after buying an additional 689,800 shares during the period. Athos Capital Ltd boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 7,231.4% during the third quarter. Athos Capital Ltd now owns 675,958 shares of the financial services provider’s stock worth $9,112,000 after buying an additional 666,738 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 40.0% during the third quarter. JPMorgan Chase & Co. now owns 2,282,533 shares of the financial services provider’s stock worth $88,518,000 after buying an additional 652,239 shares during the period. Institutional investors own 88.84% of the company’s stock.

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About Iron Mountain Incorporated (Delaware) REIT

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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Earnings History and Estimates for Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM)

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