Mobile Mini Inc (NASDAQ:MINI) – Equities research analysts at Oppenheimer upped their FY2018 earnings per share (EPS) estimates for Mobile Mini in a research report issued to clients and investors on Sunday, October 21st. Oppenheimer analyst S. Schneeberger now forecasts that the industrial products company will post earnings per share of $1.67 for the year, up from their previous estimate of $1.65. Oppenheimer also issued estimates for Mobile Mini’s Q4 2018 earnings at $0.56 EPS, FY2019 earnings at $2.08 EPS and FY2020 earnings at $2.30 EPS.
A number of other analysts have also recently commented on MINI. BidaskClub upgraded Mobile Mini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 30th. ValuEngine cut Mobile Mini from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Robert W. Baird upgraded Mobile Mini from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $47.00 to $48.00 in a research report on Friday, July 27th. MED reiterated a “sell” rating on shares of Mobile Mini in a research report on Friday, July 27th. Finally, Credit Suisse Group started coverage on Mobile Mini in a research report on Friday, August 10th. They set a “neutral” rating and a $45.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.33.
Mobile Mini stock opened at $41.63 on Tuesday. The company has a market capitalization of $1.88 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.82. Mobile Mini has a 12 month low of $32.40 and a 12 month high of $50.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.19 and a quick ratio of 0.17.
Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings data on Friday, October 19th. The industrial products company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The business had revenue of $149.71 million during the quarter, compared to analysts’ expectations of $148.75 million. Mobile Mini had a return on equity of 7.95% and a net margin of 12.05%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, November 13th. Mobile Mini’s payout ratio is 86.21%.
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Mobile Mini by 11.0% during the second quarter. BlackRock Inc. now owns 6,298,067 shares of the industrial products company’s stock worth $295,379,000 after purchasing an additional 624,210 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Mobile Mini by 3.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 312,401 shares of the industrial products company’s stock worth $14,652,000 after buying an additional 11,266 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Mobile Mini during the second quarter worth $774,000. First Trust Advisors LP boosted its stake in Mobile Mini by 111.8% during the second quarter. First Trust Advisors LP now owns 71,690 shares of the industrial products company’s stock worth $3,362,000 after buying an additional 37,845 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Mobile Mini by 4,349.1% during the second quarter. OppenheimerFunds Inc. now owns 338,308 shares of the industrial products company’s stock worth $15,866,000 after buying an additional 330,704 shares during the last quarter. Hedge funds and other institutional investors own 99.93% of the company’s stock.
About Mobile Mini
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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