ValuEngine lowered shares of Mobile Mini (NASDAQ:MINI) from a buy rating to a hold rating in a report issued on Friday morning.
Other analysts also recently issued research reports about the stock. Robert W. Baird raised shares of Mobile Mini from a neutral rating to an outperform rating and upped their price target for the company from $47.00 to $48.00 in a report on Friday, July 27th. BidaskClub downgraded shares of Mobile Mini from a buy rating to a hold rating in a report on Friday, July 27th. Zacks Investment Research downgraded shares of Mobile Mini from a hold rating to a sell rating in a report on Saturday, June 23rd. Credit Suisse Group started coverage on shares of Mobile Mini in a research note on Friday, August 10th. They set a neutral rating and a $45.00 price objective on the stock. Finally, MED reissued a sell rating on shares of Mobile Mini in a research note on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $45.88.
Shares of NASDAQ MINI traded down $0.65 on Friday, hitting $41.20. The company’s stock had a trading volume of 241,454 shares, compared to its average volume of 164,342. Mobile Mini has a 12-month low of $31.25 and a 12-month high of $50.40. The company has a market capitalization of $1.87 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 1.79 and a beta of 1.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.16.
Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Mobile Mini had a net margin of 23.53% and a return on equity of 7.16%. The company had revenue of $142.00 million for the quarter, compared to the consensus estimate of $140.34 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. analysts forecast that Mobile Mini will post 1.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Tuesday, August 14th. Mobile Mini’s payout ratio is 86.21%.
Several institutional investors and hedge funds have recently made changes to their positions in MINI. Rhumbline Advisers lifted its stake in shares of Mobile Mini by 1.3% during the first quarter. Rhumbline Advisers now owns 111,485 shares of the industrial products company’s stock valued at $4,850,000 after buying an additional 1,413 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Mobile Mini by 5.9% during the first quarter. New York State Teachers Retirement System now owns 109,355 shares of the industrial products company’s stock valued at $4,757,000 after buying an additional 6,134 shares during the period. SG Americas Securities LLC acquired a new position in Mobile Mini during the first quarter worth approximately $280,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mobile Mini by 60.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,376 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in Mobile Mini by 2.3% during the first quarter. Prudential Financial Inc. now owns 74,404 shares of the industrial products company’s stock worth $3,237,000 after purchasing an additional 1,650 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.
Mobile Mini Company Profile
Mobile Mini, Inc provides portable storage and specialty containment solutions. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.
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