Iron Mountain (NYSE:IRM) Updates Q3 2026 Earnings Guidance

Iron Mountain (NYSE:IRM) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.470-1.470 for the period, compared to the consensus estimate of 1.350. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Iron Mountain also updated its FY 2026 guidance to 5.870-5.930 EPS.

Iron Mountain Price Performance

IRM stock traded down $0.76 during trading on Friday, hitting $121.20. The stock had a trading volume of 713,153 shares, compared to its average volume of 1,792,068. The company’s 50-day moving average price is $124.96 and its two-hundred day moving average price is $114.83. Iron Mountain has a twelve month low of $77.77 and a twelve month high of $134.68. The stock has a market capitalization of $36.06 billion, a P/E ratio of 86.56 and a beta of 1.20.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be paid a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain’s dividend payout ratio is currently 380.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IRM shares. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Barclays increased their price target on Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. boosted their price objective on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Truist Financial set a $140.00 price target on shares of Iron Mountain in a report on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.17.

Insider Activity at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $122.83, for a total value of $4,725,761.42. Following the completion of the sale, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $4,725,761.42. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $126.70, for a total transaction of $760,200.00. Following the completion of the transaction, the executive vice president owned 113,507 shares of the company’s stock, valued at $14,381,336.90. This represents a 5.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 92,786 shares of company stock valued at $11,633,760 in the last quarter. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC purchased a new position in shares of Iron Mountain during the fourth quarter worth approximately $25,000. Johnson Financial Group Inc. acquired a new stake in Iron Mountain during the 3rd quarter worth $32,000. DV Equities LLC acquired a new stake in Iron Mountain during the 4th quarter worth $34,000. Triumph Capital Management grew its position in Iron Mountain by 1,056.8% during the 4th quarter. Triumph Capital Management now owns 428 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 391 shares during the last quarter. Finally, Strive Financial Group LLC acquired a new position in Iron Mountain in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.