Mobile Mini Inc. (MINI) Upgraded by Zacks Investment Research to “Hold”
Mobile Mini Inc. (NASDAQ:MINI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday.
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, TheStreet lowered shares of Mobile Mini from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $38.33.
Mobile Mini (NASDAQ:MINI) opened at 29.97 on Thursday. Mobile Mini has a 52 week low of $24.13 and a 52 week high of $38.13. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 35.26 and a beta of 2.09. The stock’s 50 day moving average is $29.56 and its 200-day moving average is $32.46.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. The firm had revenue of $124.84 million for the quarter, compared to analyst estimates of $128.81 million. Mobile Mini had a net margin of 7.45% and a return on equity of 7.62%. Mobile Mini’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. On average, equities research analysts expect that Mobile Mini will post $1.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th were given a $0.206 dividend. The ex-dividend date of this dividend was Monday, August 15th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.75%. Mobile Mini’s payout ratio is currently 95.35%.
In other news, Director Jeffrey S. Goble sold 8,338 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $32.47, for a total value of $270,734.86. Following the transaction, the director now directly owns 20,117 shares in the company, valued at approximately $653,198.99. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.40% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MINI. BlackRock Inc. increased its position in Mobile Mini by 125.6% in the first quarter. BlackRock Inc. now owns 3,082 shares of the company’s stock worth $102,000 after buying an additional 1,716 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Mobile Mini during the second quarter worth about $113,000. Fuller & Thaler Asset Management Inc. acquired a new position in Mobile Mini during the second quarter worth about $121,000. Advisor Group Inc. acquired a new position in Mobile Mini during the second quarter worth about $191,000. Finally, PineBridge Investments L.P. increased its position in Mobile Mini by 3.5% in the second quarter. PineBridge Investments L.P. now owns 5,637 shares of the company’s stock worth $195,000 after buying an additional 189 shares during the last quarter.
Mobile Mini Company Profile
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It 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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