Zacks Investment Research lowered shares of Mobile Mini, Inc. (NASDAQ:MINI) from a hold rating to a sell rating in a report issued on Wednesday, July 26th.
According to Zacks, “Mobile Mini, Inc. provides attractive, accessible temporary storage for a diversified customer, including Wal-Mart, Motorola, Frito Lay, Holiday Inns, Target, numerous municipalities and the Department of Defense. They offer a wide range of products in varying lengths and widths with an assortment of differentiated features such as their patented security systems, multiple doors, electrical wiring and shelving. In addition to their leasing operations, they sell new and used portable storage units and provide other ancillary services. “
Separately, BidaskClub raised Mobile Mini from a hold rating to a buy rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $35.00.
Mobile Mini (NASDAQ MINI) opened at 31.90 on Wednesday. The stock has a market cap of $1.40 billion, a P/E ratio of 27.72 and a beta of 2.26. Mobile Mini has a one year low of $23.40 and a one year high of $37.05. The company has a 50-day moving average price of $29.77 and a 200-day moving average price of $30.10.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The business had revenue of $126.70 million during the quarter, compared to analyst estimates of $126.03 million. Mobile Mini had a net margin of 10.03% and a return on equity of 7.52%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. On average, analysts anticipate that Mobile Mini will post $1.21 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th will be given a dividend of $0.227 per share. This represents a $0.91 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Monday, August 14th. Mobile Mini’s dividend payout ratio (DPR) is presently 78.45%.
In related news, insider Mark Funk sold 32,930 shares of Mobile Mini stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $30.94, for a total transaction of $1,018,854.20. Following the sale, the insider now directly owns 163,487 shares of the company’s stock, valued at $5,058,287.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 101,346 shares of company stock worth $3,094,463. 6.50% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its stake in Mobile Mini by 7.7% in the first quarter. Great West Life Assurance Co. Can now owns 61,564 shares of the industrial products company’s stock worth $1,875,000 after buying an additional 4,376 shares during the period. Geneva Advisors LLC increased its stake in Mobile Mini by 6.6% in the first quarter. Geneva Advisors LLC now owns 30,844 shares of the industrial products company’s stock worth $941,000 after buying an additional 1,906 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Mobile Mini by 1,171.2% in the first quarter. Russell Investments Group Ltd. now owns 273,894 shares of the industrial products company’s stock worth $8,354,000 after buying an additional 252,348 shares during the last quarter. Fisher Asset Management LLC increased its stake in Mobile Mini by 8.7% in the first quarter. Fisher Asset Management LLC now owns 681,917 shares of the industrial products company’s stock worth $20,798,000 after buying an additional 54,813 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in 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.
About Mobile Mini
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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