Iron Mountain (IRM) Given Daily News Sentiment Score of 0.19
Media stories about Iron Mountain (NYSE:IRM) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Iron Mountain earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.8451523143973 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Iron Mountain Incorporated (IRM) Stocks Creates Investor’s Concerns: TTM Technologies, Inc. (TTMI) – Investing News Update (investingbizz.com)
- Iron Mountain (IRM) to Acquire Data Center Operations outside US for $100M – StreetInsider.com (streetinsider.com)
- Stocks With Rising Relative Strength: Iron Mountain (finance.yahoo.com)
- Corporate News Blog – Iron Mountain Announces Acquisition of Bonded Services Group (finance.yahoo.com)
- Iron Mountain to Acquire Data Center Operations outside US (finance.yahoo.com)
Shares of Iron Mountain (NYSE IRM) opened at 39.01 on Friday. Iron Mountain has a 12 month low of $30.75 and a 12 month high of $40.64. The company has a market capitalization of $10.31 billion, a PE ratio of 53.51 and a beta of 0.91. The stock’s 50 day moving average price is $39.12 and its 200 day moving average price is $36.17.
Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Iron Mountain had a return on equity of 14.46% and a net margin of 5.14%. The firm had revenue of $950.00 million for the quarter, compared to the consensus estimate of $955.05 million. During the same quarter last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts forecast that Iron Mountain will post $1.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend was Thursday, September 14th. Iron Mountain’s dividend payout ratio (DPR) is currently 297.30%.
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target on shares of Iron Mountain in a research report on Friday, June 9th. Zacks Investment Research cut Iron Mountain from a “hold” rating to a “sell” rating in a research report on Monday. BidaskClub cut Iron Mountain from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Robert W. Baird set a $39.00 price target on Iron Mountain and gave the company a “hold” rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Iron Mountain currently has a consensus rating of “Hold” and a consensus price target of $36.33.
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In other news, EVP John Tomovcsik sold 21,037 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $40.02, for a total value of $841,900.74. Following the transaction, the executive vice president now owns 62,379 shares of the company’s stock, valued at $2,496,407.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 51,401 shares of company stock worth $1,997,617 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.
Iron Mountain Company Profile
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
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