Iron Mountain Incorporated (NYSE:IRM) is scheduled to announce its earnings results before the market opens on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.
Iron Mountain (NYSE:IRM) last released its earnings results on Friday, July 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The company had revenue of $950.00 million during the quarter, compared to analyst estimates of $955.05 million. Iron Mountain had a return on equity of 14.46% and a net margin of 5.14%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share. On average, analysts expect Iron Mountain to post $2.18 EPS for the current fiscal year and $2.37 EPS for the next fiscal year.
Shares of Iron Mountain Incorporated (NYSE IRM) opened at 40.92 on Friday. Iron Mountain Incorporated has a 12-month low of $30.75 and a 12-month high of $41.17. The stock has a 50 day moving average price of $39.54 and a 200-day moving average price of $36.54. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 56.13 and a beta of 0.91.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Thursday, September 14th. Iron Mountain’s dividend payout ratio (DPR) is 297.30%.
Several research firms recently commented on IRM. Zacks Investment Research cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Evercore ISI began coverage on shares of Iron Mountain in a research report on Wednesday. They issued an “outperform” rating and a $46.00 price objective on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Iron Mountain in a research report on Sunday, September 3rd. BidaskClub cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Robert W. Baird set a $39.00 price objective on shares of Iron Mountain and gave the company a “hold” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.40.
In related news, EVP Theodore Maclean sold 1,500 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $38.13, for a total value of $57,195.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Tomovcsik sold 29,450 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $38.00, for a total transaction of $1,119,100.00. The disclosure for this sale can be found here. Insiders sold a total of 76,329 shares of company stock worth $2,969,441 over the last ninety days. 1.50% of the stock is currently owned by insiders.
Iron Mountain Company Profile
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
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