Brokerages Anticipate Mobile Mini, Inc. (MINI) Will Announce Quarterly Sales of $134.36 Million
Equities analysts expect Mobile Mini, Inc. (NASDAQ:MINI) to report sales of $134.36 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Mobile Mini’s earnings, with estimates ranging from $132.80 million to $136.08 million. Mobile Mini reported sales of $128.85 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The company is expected to issue its next earnings report on Tuesday, October 24th.
On average, analysts expect that Mobile Mini will report full-year sales of $134.36 million for the current fiscal year, with estimates ranging from $517.80 million to $527.16 million. For the next financial year, analysts forecast that the firm will report sales of $543.92 million per share, with estimates ranging from $533.60 million to $550.49 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Mobile Mini.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). The firm had revenue of $126.70 million for the quarter, compared to analyst estimates of $126.03 million. Mobile Mini had a return on equity of 7.52% and a net margin of 10.03%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share.
A number of research firms have issued reports on MINI. Zacks Investment Research cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a report on Thursday. Robert W. Baird set a $34.00 target price on shares of Mobile Mini and gave the stock a “hold” rating in a report on Sunday, September 10th. Needham & Company LLC reissued a “buy” rating and set a $38.00 target price on shares of Mobile Mini in a report on Friday, September 1st. Finally, BidaskClub cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $34.75.
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The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were given a $0.227 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.91 annualized dividend and a dividend yield of 2.82%. Mobile Mini’s dividend payout ratio (DPR) is 78.45%.
In other Mobile Mini news, insider Mark Funk sold 36,080 shares of Mobile Mini stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $30.34, for a total transaction of $1,094,667.20. Following the transaction, the insider now directly owns 170,291 shares of the company’s stock, valued at $5,166,628.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence Trachtenberg sold 10,000 shares of Mobile Mini stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.59, for a total transaction of $315,900.00. Following the transaction, the director now directly owns 38,181 shares in the company, valued at $1,206,137.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,065 shares of company stock worth $4,832,212. Company insiders own 6.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Miles Capital Inc. raised its stake in shares of Mobile Mini by 0.3% in the 1st quarter. Miles Capital Inc. now owns 7,121 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 19 shares during the period. Bank of Montreal Can raised its stake in shares of Mobile Mini by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 27,772 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 148 shares during the period. Arizona State Retirement System raised its stake in shares of Mobile Mini by 0.9% in the 1st quarter. Arizona State Retirement System now owns 23,061 shares of the industrial products company’s stock valued at $703,000 after acquiring an additional 200 shares during the period. Texas Permanent School Fund raised its stake in shares of Mobile Mini by 0.7% in the 2nd quarter. Texas Permanent School Fund now owns 32,274 shares of the industrial products company’s stock valued at $963,000 after acquiring an additional 214 shares during the period. Finally, Foresters Investment Management Company Inc. raised its stake in shares of Mobile Mini by 6.5% in the 1st quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 300 shares during the period.
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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