Mobile Mini Inc to Post Q3 2018 Earnings of $0.38 Per Share, SunTrust Banks Forecasts (MINI)
Mobile Mini Inc (NASDAQ:MINI) – Equities research analysts at SunTrust Banks raised their Q3 2018 earnings per share estimates for Mobile Mini in a report released on Monday. SunTrust Banks analyst D. Mewhirter now anticipates that the industrial products company will earn $0.38 per share for the quarter, up from their prior estimate of $0.35. SunTrust Banks has a “Hold” rating and a $44.00 price target on the stock. SunTrust Banks also issued estimates for Mobile Mini’s Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $1.71 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $1.96 EPS.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. Mobile Mini had a net margin of 22.91% and a return on equity of 6.49%. The firm had revenue of $146.70 million for the quarter, compared to analyst estimates of $140.60 million. During the same period in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year.
Shares of Mobile Mini (NASDAQ MINI) traded down $0.10 during mid-day trading on Wednesday, hitting $41.25. 46,690 shares of the stock traded hands, compared to its average volume of 216,215. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.17 and a current ratio of 0.19. Mobile Mini has a 52-week low of $26.70 and a 52-week high of $46.10. The firm has a market cap of $1,888.00, a price-to-earnings ratio of 15.18, a P/E/G ratio of 1.84 and a beta of 2.29.
A number of institutional investors have recently added to or reduced their stakes in MINI. Amalgamated Bank acquired a new stake in Mobile Mini during the 3rd quarter worth approximately $204,000. Concorde Asset Management LLC acquired a new stake in Mobile Mini during the 3rd quarter worth approximately $232,000. SG Americas Securities LLC lifted its holdings in Mobile Mini by 41.6% during the 3rd quarter. SG Americas Securities LLC now owns 7,213 shares of the industrial products company’s stock worth $248,000 after buying an additional 2,119 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Mobile Mini during the 2nd quarter worth approximately $285,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Mobile Mini during the 3rd quarter worth approximately $287,000.
In other Mobile Mini news, Director Stephen A. Mcconnell sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $36.10, for a total transaction of $144,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.50% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 27th. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. Mobile Mini’s dividend payout ratio is 33.09%.
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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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