Wall Street brokerages forecast that Iron Mountain Inc (NYSE:IRM) will post earnings per share (EPS) of $0.58 for the current quarter, Zacks reports. Nine analysts have provided estimates for Iron Mountain’s earnings, with estimates ranging from $0.54 to $0.62. Iron Mountain reported earnings per share of $0.55 during the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Iron Mountain will report full year earnings of $2.26 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.35. For the next financial year, analysts forecast that the company will report earnings of $2.39 per share, with EPS estimates ranging from $2.25 to $2.54. Zacks’ EPS averages are an average based on a survey of research analysts that cover Iron Mountain.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Iron Mountain had a return on equity of 19.65% and a net margin of 8.18%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.30 EPS. Iron Mountain’s quarterly revenue was up .6% compared to the same quarter last year.
Shares of IRM stock traded down $0.51 on Friday, hitting $31.14. The company had a trading volume of 1,762,252 shares, compared to its average volume of 2,651,893. The firm has a market cap of $9.09 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 3.68 and a beta of 0.59. The company has a 50-day moving average price of $30.79 and a 200-day moving average price of $33.00. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 6.06. Iron Mountain has a twelve month low of $29.28 and a twelve month high of $37.32.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Monday, September 16th will be given a dividend of $0.611 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 7.85%. Iron Mountain’s payout ratio is 106.09%.
In other news, Director Walter C. Rakowich sold 2,024 shares of Iron Mountain stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $31.47, for a total transaction of $63,695.28. Following the completion of the sale, the director now directly owns 23,360 shares in the company, valued at approximately $735,139.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of IRM. BlackRock Inc. lifted its position in shares of Iron Mountain by 1.9% in the 2nd quarter. BlackRock Inc. now owns 20,655,719 shares of the financial services provider’s stock valued at $646,523,000 after acquiring an additional 384,196 shares in the last quarter. Natixis lifted its position in Iron Mountain by 109.5% during the second quarter. Natixis now owns 1,258,373 shares of the financial services provider’s stock worth $39,387,000 after purchasing an additional 657,795 shares during the period. WealthPLAN Partners LLC bought a new stake in Iron Mountain during the second quarter worth about $218,000. Griffin Asset Management Inc. lifted its position in Iron Mountain by 55.4% during the second quarter. Griffin Asset Management Inc. now owns 26,754 shares of the financial services provider’s stock worth $837,000 after purchasing an additional 9,540 shares during the period. Finally, HM Payson & Co. bought a new position in shares of Iron Mountain in the second quarter worth about $68,000. Institutional investors own 87.64% of the company’s stock.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.
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