Mobile Mini (MINI) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Mobile Mini (NASDAQ:MINI) released its quarterly earnings data on Friday. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01), Bloomberg Earnings reports. Mobile Mini had a return on equity of 6.49% and a net margin of 22.91%. The firm had revenue of $132.30 million for the quarter, compared to the consensus estimate of $133.18 million. During the same period in the previous year, the business earned $0.25 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year.

MINI traded down $2.15 during trading on Friday, reaching $43.40. The company had a trading volume of 527,064 shares, compared to its average volume of 218,700. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.17 and a current ratio of 0.19. Mobile Mini has a 12 month low of $26.70 and a 12 month high of $46.10. The firm has a market cap of $1,935.86, a P/E ratio of 37.41, a PEG ratio of 1.87 and a beta of 1.97.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Wednesday, May 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. Mobile Mini’s payout ratio is currently 86.21%.

MINI has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Mobile Mini from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Needham & Company LLC lifted their price objective on shares of Mobile Mini from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Oppenheimer lifted their price objective on shares of Mobile Mini from $36.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Finally, SunTrust Banks lifted their price objective on shares of Mobile Mini to $44.00 and gave the stock a “hold” rating in a research note on Monday, February 5th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.71.

In other Mobile Mini news, Director Jeffrey S. Goble sold 5,000 shares of Mobile Mini stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $44.44, for a total value of $222,200.00. Following the transaction, the director now owns 15,503 shares of the company’s stock, valued at $688,953.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Meadow Creek Investment Management LLC raised its holdings in shares of Mobile Mini by 24.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,992 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 1,176 shares during the last quarter. Geode Capital Management LLC increased its holdings in Mobile Mini by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 392,383 shares of the industrial products company’s stock worth $13,537,000 after buying an additional 1,668 shares during the last quarter. Teachers Advisors LLC increased its holdings in Mobile Mini by 2.2% during the fourth quarter. Teachers Advisors LLC now owns 81,404 shares of the industrial products company’s stock worth $2,808,000 after buying an additional 1,754 shares during the last quarter. SG Americas Securities LLC increased its holdings in Mobile Mini by 41.6% during the third quarter. SG Americas Securities LLC now owns 7,213 shares of the industrial products company’s stock worth $248,000 after buying an additional 2,119 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its holdings in Mobile Mini by 29.8% during the fourth quarter. Eqis Capital Management Inc. now owns 9,361 shares of the industrial products company’s stock worth $323,000 after buying an additional 2,147 shares during the last quarter.

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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.

Earnings History for Mobile Mini (NASDAQ:MINI)

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