Iron Mountain (NYSE:IRM) Trading 8.6% Higher After Better-Than-Expected Earnings

Iron Mountain Incorporated (NYSE:IRM)’s share price shot up 8.6% on Thursday following a stronger than expected earnings report. The company traded as high as $123.87 and last traded at $124.3980. 493,862 shares were traded during mid-day trading, a decline of 72% from the average session volume of 1,758,219 shares. The stock had previously closed at $114.52.

The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.91. Iron Mountain had a negative return on equity of 99.59% and a net margin of 2.10%.Iron Mountain’s revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 earnings per share. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS.

Iron Mountain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Monday, March 16th were given a $0.864 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.8%. Iron Mountain’s dividend payout ratio (DPR) is presently 718.75%.

Trending Headlines about Iron Mountain

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Iron Mountain raised its full-year 2026 guidance, with EPS now guided to $5.79–$5.86 (well above consensus of $5.26) and revenue guided to $7.8B–$7.9B (above consensus). Management cited booming demand for data center capacity to support AI workloads as the driver. Iron Mountain raises annual forecast on AI-fueled data center boom
• Positive Sentiment: IRM updated Q2 2026 guidance: EPS of $1.40 (vs. consensus ~$1.32) and revenue ~ $2.0B (vs. consensus ~$1.9B), signaling near-term strength in data center and services revenue. (Company guidance release)
• Positive Sentiment: Q1 results beat: Iron Mountain reported EPS of $0.60 vs. analysts’ $0.52 estimate, topping consensus and reinforcing the upbeat guidance. Iron Mountain Reports First Quarter 2026 Results
• Neutral Sentiment: Pre-earnings previews and Wall Street metric analysis (Zacks/Yahoo) provided context on key operating metrics investors were watching going into Q1; these pieces explain where upside came from but do not add new company guidance. Wall Street’s Insights Into Key Metrics Ahead of Iron Mountain (IRM) Q1 Earnings
• Negative Sentiment: Despite the beat and raised guidance, the company reported a low net margin (2.1%) and a negative return on equity (~-99.6%) for the quarter, items some investors may view as structural profitability or accounting concerns to monitor. (Company earnings release/summary) Press Release

Analyst Ratings Changes

A number of research firms have recently weighed in on IRM. Weiss Ratings reissued a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Zacks Research lowered Iron Mountain from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Wells Fargo & Company raised their target price on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Loop Capital set a $130.00 target price on Iron Mountain in a research note on Wednesday, March 4th. Finally, Barclays raised their target price on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Insider Buying and Selling

In other Iron Mountain news, Director Jennifer Allerton sold 7,000 shares of Iron Mountain stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $108.88, for a total transaction of $762,160.00. Following the completion of the transaction, the director owned 11,541 shares in the company, valued at approximately $1,256,584.08. This trade represents a 37.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William L. Meaney sold 137,133 shares of Iron Mountain stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $109.39, for a total value of $15,000,978.87. Following the transaction, the chief executive officer owned 295,975 shares of the company’s stock, valued at $32,376,705.25. The trade was a 31.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 451,648 shares of company stock worth $48,297,449. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors have recently modified their holdings of IRM. Quent Capital LLC purchased a new position in shares of Iron Mountain in the 3rd quarter valued at about $27,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Iron Mountain in the 4th quarter valued at about $25,000. Johnson Financial Group Inc. purchased a new position in shares of Iron Mountain in the 3rd quarter valued at about $32,000. Beaird Harris Wealth Management LLC increased its stake in shares of Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 350 shares in the last quarter. Finally, Bayban purchased a new position in shares of Iron Mountain in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

The company has a 50 day moving average of $108.38 and a two-hundred day moving average of $98.06. The stock has a market cap of $36.26 billion, a PE ratio of 257.05 and a beta of 1.13.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.