Mobile Mini, Inc. (MINI) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Mobile Mini, Inc. (NASDAQ:MINI) issued its earnings results on Friday. The industrial products company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.02, Bloomberg Earnings reports. Mobile Mini had a net margin of 9.14% and a return on equity of 7.67%. The firm had revenue of $126.70 million during the quarter, compared to analyst estimates of $126.03 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis.
Shares of Mobile Mini (MINI) traded up 1.16% during mid-day trading on Friday, hitting $30.60. The stock had a trading volume of 94,580 shares. The firm has a market capitalization of $1.34 billion, a PE ratio of 29.42 and a beta of 2.26. Mobile Mini has a 1-year low of $23.40 and a 1-year high of $37.37. The stock’s 50-day moving average is $29.41 and its 200-day moving average is $30.04.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be paid a $0.227 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.00%. Mobile Mini’s dividend payout ratio (DPR) is presently 86.67%.
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Several institutional investors have recently modified their holdings of MINI. Ameritas Investment Partners Inc. bought a new position in shares of Mobile Mini during the first quarter worth about $117,000. State of Alaska Department of Revenue increased its stake in shares of Mobile Mini by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,910 shares of the industrial products company’s stock worth $149,000 after buying an additional 100 shares during the last quarter. Foresters Investment Management Company Inc. increased its stake in shares of Mobile Mini by 6.5% in the first quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock worth $149,000 after buying an additional 300 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Mobile Mini during the second quarter worth $209,000. Finally, Miles Capital Inc. increased its stake in shares of Mobile Mini by 0.3% in the first quarter. Miles Capital Inc. now owns 7,121 shares of the industrial products company’s stock worth $217,000 after buying an additional 19 shares during the last quarter.
MINI has been the topic of several research reports. Zacks Investment Research downgraded shares of Mobile Mini from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. BidaskClub upgraded shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $35.00.
Mobile Mini Company Profile
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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