Analysts expect Iron Mountain Inc (NYSE:IRM) to post earnings of $0.62 per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Iron Mountain’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.57. Iron Mountain posted earnings of $0.56 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The company is expected to announce its next earnings report on Thursday, February 13th.

On average, analysts expect that Iron Mountain will report full year earnings of $2.26 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.31. For the next year, analysts forecast that the business will post earnings of $2.47 per share, with EPS estimates ranging from $2.33 to $2.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Iron Mountain.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.27). Iron Mountain had a net margin of 9.14% and a return on equity of 21.57%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. Iron Mountain’s revenue for the quarter was up .1% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on IRM shares. Credit Suisse Group reduced their price objective on shares of Iron Mountain from $21.00 to $18.00 and set an “underperform” rating on the stock in a report on Tuesday, November 26th. Barclays set a $39.00 target price on shares of Iron Mountain and gave the company a “hold” rating in a research report on Friday, October 11th. ValuEngine raised shares of Iron Mountain from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, TheStreet raised shares of Iron Mountain from a “c+” rating to a “b-” rating in a research report on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.80.

Shares of IRM traded down $0.17 during midday trading on Monday, reaching $31.95. The stock had a trading volume of 2,430,436 shares, compared to its average volume of 2,435,432. Iron Mountain has a 1-year low of $29.28 and a 1-year high of $37.32. The company’s fifty day simple moving average is $33.24 and its two-hundred day simple moving average is $31.93. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 3.21 and a beta of 0.50. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.66 and a quick ratio of 0.66.

In related news, EVP Patrick J. Keddy sold 6,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $33.00, for a total value of $198,000.00. Following the transaction, the executive vice president now directly owns 24,114 shares of the company’s stock, valued at approximately $795,762. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of IRM. Carroll Financial Associates Inc. grew its stake in shares of Iron Mountain by 118.2% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,536 shares of the financial services provider’s stock worth $48,000 after buying an additional 832 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of Iron Mountain by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 146,867 shares of the financial services provider’s stock worth $4,597,000 after buying an additional 443 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Iron Mountain by 194.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,062 shares of the financial services provider’s stock worth $33,000 after buying an additional 701 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Iron Mountain by 14.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 121,141 shares of the financial services provider’s stock worth $3,792,000 after buying an additional 15,176 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Iron Mountain by 2.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 30,451 shares of the financial services provider’s stock worth $953,000 after buying an additional 701 shares during the last quarter. 83.28% of the stock is currently owned by hedge funds and other institutional investors.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

Featured Story: Most Active Stocks: Dollar Volume vs Share Volume

Get a free copy of the Zacks research report on Iron Mountain (IRM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Iron Mountain (NYSE:IRM)

Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.