Mobile Mini Inc (NASDAQ:MINI) – Stock analysts at SunTrust Banks raised their Q3 2018 earnings estimates for shares of Mobile Mini in a research note issued to investors on Monday. SunTrust Banks analyst D. Mewhirter now expects that the industrial products company will earn $0.38 per share for the quarter, up from their prior forecast of $0.35. SunTrust Banks currently has a “Hold” rating and a $44.00 target price on the stock. SunTrust Banks also issued estimates for Mobile Mini’s Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $1.71 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $1.96 EPS.
Mobile Mini (NASDAQ:MINI) last released its earnings results on Friday, February 2nd. The industrial products company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The firm had revenue of $146.70 million for the quarter, compared to analysts’ expectations of $140.60 million. Mobile Mini had a net margin of 22.91% and a return on equity of 6.49%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share.
Mobile Mini (NASDAQ MINI) opened at $43.75 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.19 and a quick ratio of 0.17. The firm has a market cap of $1,892.44, a PE ratio of 15.91, a price-to-earnings-growth ratio of 2.21 and a beta of 2.29. Mobile Mini has a 52 week low of $26.70 and a 52 week high of $46.10.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.25 per share. This is a boost from Mobile Mini’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, February 27th. Mobile Mini’s dividend payout ratio is presently 33.09%.
In related news, Director Stephen A. Mcconnell sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were 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 this hyperlink. Corporate insiders own 6.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Amalgamated Bank purchased a new stake in Mobile Mini in the 3rd quarter worth approximately $204,000. Concorde Asset Management LLC purchased a new stake in Mobile Mini in the 3rd quarter worth approximately $232,000. SG Americas Securities LLC lifted its stake in Mobile Mini by 41.6% in the 3rd quarter. SG Americas Securities LLC now owns 7,213 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 2,119 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Mobile Mini in the 2nd quarter worth approximately $285,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Mobile Mini in the 3rd quarter worth approximately $287,000.
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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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