Mobile Mini, Inc. (NASDAQ:MINI) – Research analysts at Oppenheimer Holdings dropped their Q3 2017 earnings estimates for shares of Mobile Mini in a research report issued on Monday. Oppenheimer Holdings analyst S. Schneeberger now anticipates that the industrial products company will earn $0.31 per share for the quarter, down from their previous estimate of $0.36.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings results on Friday, July 21st. The industrial products company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $126.70 million for the quarter, compared to the consensus estimate of $126.03 million. Mobile Mini had a return on equity of 7.57% and a net margin of 10.03%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share.
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Several other equities research analysts have also recently weighed in on MINI. BidaskClub cut shares of Mobile Mini from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Mobile Mini presently has an average rating of “Hold” and a consensus price target of $35.00.
Mobile Mini (NASDAQ:MINI) opened at 30.55 on Tuesday. Mobile Mini has a 12 month low of $23.40 and a 12 month high of $37.37. The company has a market capitalization of $1.34 billion, a PE ratio of 26.54 and a beta of 2.26. The stock’s 50 day moving average is $29.49 and its 200-day moving average is $30.04.
Several large investors have recently bought and sold shares of MINI. Ameritas Investment Partners Inc. purchased a new stake in Mobile Mini during the first quarter valued at $117,000. Foresters Investment Management Company Inc. raised its position in shares of Mobile Mini by 6.5% in the first quarter. Foresters Investment Management Company Inc. now owns 4,900 shares of the industrial products company’s stock valued at $149,000 after buying an additional 300 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Mobile Mini by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,910 shares of the industrial products company’s stock valued at $149,000 after buying an additional 100 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of Mobile Mini during the second quarter valued at about $209,000. Finally, Miles Capital Inc. raised its position in shares of Mobile Mini by 0.3% in the first quarter. Miles Capital Inc. now owns 7,121 shares of the industrial products company’s stock valued at $217,000 after buying an additional 19 shares in the last quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, August 14th. Mobile Mini’s dividend payout ratio (DPR) is presently 78.45%.
Mobile Mini Company Profile
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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