Wall Street analysts expect that Mobile Mini, Inc. (NASDAQ:MINI) will report earnings of $0.36 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Mobile Mini’s earnings, with estimates ranging from $0.34 to $0.37. Mobile Mini posted earnings of $0.48 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 25%. The business is expected to report its next quarterly earnings report on Thursday, February 1st.
On average, analysts expect that Mobile Mini will report full year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.12. For the next financial year, analysts forecast that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.30 to $1.45. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Mobile Mini.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Mobile Mini had a net margin of 9.59% and a return on equity of 7.17%. The firm had revenue of $136.64 million during the quarter, compared to analyst estimates of $133.73 million. During the same period in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year.
In related news, Director Stephen A. Mcconnell sold 4,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $36.10, for a total transaction of $144,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.50% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC increased its holdings in Mobile Mini by 8.6% in the 1st quarter. Teachers Advisors LLC now owns 77,586 shares of the industrial products company’s stock worth $2,366,000 after purchasing an additional 6,169 shares in the last quarter. Bank of Montreal Can increased its holdings in Mobile Mini by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 27,772 shares of the industrial products company’s stock worth $829,000 after purchasing an additional 148 shares in the last quarter. Aperio Group LLC increased its holdings in 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 purchasing an additional 1,621 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Mobile Mini by 44.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 396,069 shares of the industrial products company’s stock worth $11,823,000 after purchasing an additional 122,175 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Mobile Mini by 29.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,020 shares of the industrial products company’s stock worth $389,000 after purchasing an additional 2,960 shares in the last quarter.
Mobile Mini (MINI) traded down $0.45 during trading hours on Friday, hitting $35.45. The stock had a trading volume of 135,493 shares, compared to its average volume of 153,226. The company has a market cap of $1,571.39, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 2.29 and a beta of 2.35. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.38. Mobile Mini has a 1 year low of $26.70 and a 1 year high of $37.05.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were given a dividend of $0.227 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.91 annualized dividend and a dividend yield of 2.56%. Mobile Mini’s dividend payout ratio is currently 81.25%.
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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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