Mobile Mini Inc. (NASDAQ:MINI) Given Average Recommendation of “Hold” by Analysts
Mobile Mini Inc. (NASDAQ:MINI) has earned a consensus rating of “Hold” from the five brokerages that are covering the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $37.00.
A number of equities research analysts have commented on MINI shares. TheStreet cut shares of Mobile Mini from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. Zacks Investment Research upgraded shares of Mobile Mini from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 29th.
Shares of Mobile Mini (NASDAQ:MINI) opened at 30.31 on Friday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 35.66 and a beta of 2.12. The company’s 50-day moving average is $29.65 and its 200-day moving average is $32.45. Mobile Mini has a 12-month low of $24.13 and a 12-month high of $38.13.
Mobile Mini (NASDAQ:MINI) last released its earnings results on Thursday, July 28th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. Mobile Mini had a return on equity of 7.62% and a net margin of 7.45%. The firm had revenue of $124.84 million for the quarter, compared to the consensus estimate of $128.81 million. During the same quarter in the previous year, the business posted $0.28 EPS. Mobile Mini’s revenue was down 4.2% on a year-over-year basis. Analysts predict that Mobile Mini will post $1.32 EPS for the current year.
In other news, Director Jeffrey S. Goble sold 8,338 shares of Mobile Mini stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $32.47, for a total transaction of $270,734.86. Following the sale, the director now owns 20,117 shares in the company, valued at $653,198.99. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 6.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Mobile Mini by 2.8% in the first quarter. State Street Corp now owns 877,022 shares of the company’s stock valued at $28,958,000 after buying an additional 23,975 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Mobile Mini by 134.7% in the second quarter. Fisher Asset Management LLC now owns 614,204 shares of the company’s stock valued at $22,394,000 after buying an additional 352,539 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Mobile Mini by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,116,015 shares of the company’s stock valued at $36,851,000 after buying an additional 23,937 shares during the last quarter. Franklin Resources Inc. boosted its stake in Mobile Mini by 5.9% in the first quarter. Franklin Resources Inc. now owns 1,076,622 shares of the company’s stock valued at $35,550,000 after buying an additional 59,630 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Mobile Mini by 2.5% in the first quarter. Prudential Financial Inc. now owns 107,384 shares of the company’s stock valued at $3,546,000 after buying an additional 2,660 shares during the last quarter.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It 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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