Mobile Mini Inc (MINI) Receives $45.71 Consensus PT from Analysts

Mobile Mini Inc (NASDAQ:MINI) has been assigned a consensus rating of “Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $45.71.

MINI has been the topic of a number of recent research reports. BidaskClub raised Mobile Mini from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 9th. Robert W. Baird set a $46.00 price objective on Mobile Mini and gave the stock a “hold” rating in a research note on Monday, February 5th. Deutsche Bank initiated coverage on Mobile Mini in a research note on Tuesday, January 23rd. They set a “hold” rating and a $39.00 price objective on the stock. Sidoti raised Mobile Mini from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Monday, February 5th. Finally, SunTrust Banks boosted their price objective on 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.

In other Mobile Mini news, Director Jeffrey S. Goble sold 5,000 shares of Mobile Mini stock in a transaction on Monday, March 12th. The stock was sold at an average price of $44.44, for a total value of $222,200.00. Following the sale, the director now owns 15,503 shares in the company, valued at $688,953.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick G. Mcnamee sold 8,000 shares of Mobile Mini stock in a transaction on Monday, April 23rd. The shares were sold at an average price of $44.16, for a total value of $353,280.00. Following the completion of the sale, the director now owns 10,393 shares in the company, valued at approximately $458,954.88. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.

A number of large investors have recently bought and sold shares of MINI. Atria Investments LLC raised its position in Mobile Mini by 27.6% in the fourth quarter. Atria Investments LLC now owns 17,148 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 3,707 shares during the period. Schwab Charles Investment Management Inc. raised its position in Mobile Mini by 2.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 294,212 shares of the industrial products company’s stock valued at $10,151,000 after purchasing an additional 5,824 shares during the period. Jennison Associates LLC raised its position in Mobile Mini by 13.3% in the fourth quarter. Jennison Associates LLC now owns 3,300,023 shares of the industrial products company’s stock valued at $113,851,000 after purchasing an additional 388,252 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Mobile Mini in the fourth quarter valued at $2,094,000. Finally, Eqis Capital Management Inc. raised its position in Mobile Mini by 29.8% in the fourth quarter. Eqis Capital Management Inc. now owns 9,361 shares of the industrial products company’s stock valued at $323,000 after purchasing an additional 2,147 shares during the period.

Shares of NASDAQ:MINI traded up $0.20 during trading on Thursday, reaching $46.20. The stock had a trading volume of 186,219 shares, compared to its average volume of 194,072. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.18 and a quick ratio of 0.16. The firm has a market capitalization of $2.06 billion, a PE ratio of 39.83, a P/E/G ratio of 1.99 and a beta of 1.99. Mobile Mini has a 1-year low of $27.15 and a 1-year high of $46.50.

Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Friday, April 20th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $132.30 million during the quarter, compared to analyst estimates of $133.18 million. Mobile Mini had a return on equity of 6.73% and a net margin of 23.05%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. analysts expect that Mobile Mini will post 1.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Wednesday, May 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, May 15th. Mobile Mini’s dividend payout ratio (DPR) is currently 86.21%.

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.

Analyst Recommendations for Mobile Mini (NASDAQ:MINI)

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