Somewhat Positive Press Coverage Somewhat Unlikely to Impact Iron Mountain (NYSE:IRM) Share Price
Media headlines about Iron Mountain (NYSE:IRM) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Iron Mountain earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.5946969103267 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- BorgWarner Inc. (NYSE:BWA)’s Ups & Downs Facts At Street- Iron Mountain Incorporated (IRM) – Investing News Update (investingbizz.com)
- Iron Mountain Incorporated (IRM) noted a price change of 0.32% and FLIR Systems, Inc. (FLIR) closes with a move of … – Stocks Gallery (stocksgallery.com)
- River Road Asset Management, LLC Decreases Its Holdings in Iron Mountain Incorporated (Del (IRM) Last Quarter – Modern Readers (modernreaders.com)
- River Road Asset Management, LLC Lowers Its Ownership in Iron Mountain Incorporated (Del (IRM) Stock – Modern Readers (modernreaders.com)
- Head-To-Head Comparison: Iron Mountain (IRM) vs. IDI (COGT) (americanbankingnews.com)
Several analysts recently weighed in on IRM shares. BidaskClub upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Deutsche Bank AG downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating and cut their price objective for the company from $41.00 to $30.00 in a research report on Wednesday, June 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price objective on shares of Iron Mountain in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Iron Mountain currently has a consensus rating of “Hold” and a consensus price target of $35.67.
Shares of Iron Mountain (NYSE:IRM) opened at 37.83 on Friday. The company has a market capitalization of $10.00 billion, a P/E ratio of 51.89 and a beta of 0.94. The company has a 50-day moving average of $35.20 and a 200 day moving average of $35.37. Iron Mountain has a 12 month low of $30.75 and a 12 month high of $39.75.
Iron Mountain (NYSE:IRM) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Iron Mountain had a net margin of 5.14% and a return on equity of 14.46%. The business had revenue of $950 million for the quarter, compared to analyst estimates of $955.05 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts forecast that Iron Mountain will post $1.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Thursday, September 14th. Iron Mountain’s payout ratio is 297.30%.
In other news, Director Walter C. Rakowich sold 1,552 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $35.15, for a total value of $54,552.80. Following the sale, the director now owns 15,074 shares of the company’s stock, valued at approximately $529,851.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Eileen Sweeney sold 2,100 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $35.14, for a total transaction of $73,794.00. Following the completion of the sale, the senior vice president now directly owns 2,104 shares in the company, valued at approximately $73,934.56. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.
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Iron Mountain Company Profile
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
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