Mobile Mini’s (MINI) “Outperform” Rating Reaffirmed at Oppenheimer Holdings Inc.
Oppenheimer Holdings Inc. reiterated their outperform rating on shares of Mobile Mini Inc. (NASDAQ:MINI) in a research note released on Monday morning. The firm currently has a $34.00 price objective on the stock, up from their prior price objective of $29.00.
Several other research analysts have also recently weighed in on MINI. Zacks Investment Research upgraded shares of Mobile Mini from a hold rating to a strong-buy rating and set a $41.00 price target on the stock in a research note on Tuesday, July 26th. TheStreet downgraded shares of Mobile Mini from a buy rating to a hold rating in a research report on Friday, August 19th. Finally, Needham & Company LLC decreased their price objective on shares of Mobile Mini from $37.00 to $34.00 and set a buy rating on the stock in a research report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $36.33.
Shares of Mobile Mini (NASDAQ:MINI) opened at 30.90 on Monday. The firm’s 50-day moving average is $28.11 and its 200 day moving average is $31.26. Mobile Mini has a 52-week low of $23.40 and a 52-week high of $38.13. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 37.01 and a beta of 2.40.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The business had revenue of $128.85 million for the quarter, compared to analysts’ expectations of $132.63 million. Mobile Mini had a return on equity of 7.41% and a net margin of 7.27%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. Equities analysts expect that Mobile Mini will post $1.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 9th will be issued a $0.206 dividend. The ex-dividend date is Monday, November 7th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.67%. Mobile Mini’s dividend payout ratio (DPR) is presently 97.62%.
In other Mobile Mini news, CEO Erik Olsson bought 3,000 shares of Mobile Mini stock in a transaction dated Thursday, October 27th. The shares were purchased at an average cost of $25.16 per share, for a total transaction of $75,480.00. Following the acquisition, the chief executive officer now directly owns 118,348 shares in the company, valued at approximately $2,977,635.68. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.40% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Mobile Mini by 3.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,790,771 shares of the company’s stock worth $235,281,000 after buying an additional 277,315 shares during the period. Dimensional Fund Advisors LP boosted its position in Mobile Mini by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,732,922 shares of the company’s stock worth $129,306,000 after buying an additional 96,617 shares in the last quarter. Vanguard Group Inc. boosted its position in Mobile Mini by 2.9% in the second quarter. Vanguard Group Inc. now owns 3,518,756 shares of the company’s stock worth $121,890,000 after buying an additional 100,508 shares in the last quarter. Jennison Associates LLC boosted its position in Mobile Mini by 14.0% in the third quarter. Jennison Associates LLC now owns 3,344,722 shares of the company’s stock worth $101,011,000 after buying an additional 410,274 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Mobile Mini by 7.9% in the third quarter. BlackRock Fund Advisors now owns 3,069,614 shares of the company’s stock worth $92,702,000 after buying an additional 223,756 shares in 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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