Zacks: Analysts Expect Mobile Mini Inc (MINI) to Announce $0.36 Earnings Per Share

Brokerages expect that Mobile Mini Inc (NASDAQ:MINI) will post earnings per share (EPS) of $0.36 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Mobile Mini’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.37. Mobile Mini reported earnings per share of $0.48 in the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The company is expected to issue its next earnings report before the market opens on Friday, February 2nd.

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 fiscal year, analysts forecast that the firm 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 cover Mobile Mini.

Mobile Mini (NASDAQ:MINI) last posted its earnings results on Friday, October 20th. The industrial products company reported $0.27 EPS for the quarter, missing the 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 quarter in the prior year, the business earned $0.31 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year.

Several research firms recently commented on MINI. Oppenheimer restated a “buy” rating and issued a $36.00 target price on shares of Mobile Mini in a research report on Monday, October 23rd. Needham & Company LLC restated a “buy” rating and issued a $38.00 target price on shares of Mobile Mini in a research report on Sunday, October 22nd. Sidoti restated a “neutral” rating on shares of Mobile Mini in a research report on Friday, October 13th. Deutsche Bank began coverage on Mobile Mini in a research report on Tuesday. They issued a “hold” rating and a $39.00 target price on the stock. Finally, Zacks Investment Research upgraded Mobile Mini from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Mobile Mini presently has a consensus rating of “Hold” and a consensus target price of $37.50.

In other news, Director Stephen A. Mcconnell sold 4,000 shares of Mobile Mini 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 legal filing with the SEC, which can be accessed through the SEC website. 6.50% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Teachers Advisors LLC increased its position in shares of Mobile Mini by 1.3% during the 2nd quarter. Teachers Advisors LLC now owns 78,608 shares of the industrial products company’s stock valued at $2,346,000 after purchasing an additional 1,022 shares during the period. Green Square Capital LLC increased its position in shares of Mobile Mini by 3.5% during the 2nd quarter. Green Square Capital LLC now owns 35,318 shares of the industrial products company’s stock valued at $1,054,000 after purchasing an additional 1,186 shares during the period. First Allied Advisory Services Inc. increased its position in shares of Mobile Mini by 6.8% during the 2nd quarter. First Allied Advisory Services Inc. now owns 19,600 shares of the industrial products company’s stock valued at $584,000 after purchasing an additional 1,244 shares during the period. Thrivent Financial For Lutherans increased its position in shares of Mobile Mini by 5.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 26,690 shares of the industrial products company’s stock valued at $797,000 after purchasing an additional 1,470 shares during the period. Finally, American International Group Inc. increased its position in shares of Mobile Mini by 5.7% during the 3rd quarter. American International Group Inc. now owns 34,844 shares of the industrial products company’s stock valued at $1,200,000 after purchasing an additional 1,890 shares during the period.

Mobile Mini (MINI) traded down $0.15 on Tuesday, reaching $36.75. The company had a trading volume of 113,624 shares, compared to its average volume of 122,607. Mobile Mini has a 12-month low of $26.70 and a 12-month high of $38.00. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1,630.00, a PE ratio of 32.81, a P/E/G ratio of 1.94 and a beta of 2.35.

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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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