Mobile Mini Inc. (NASDAQ:MINI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday.
According to Zacks, “Mobile Mini, Inc. provides attractive, accessible temporary storage for a diversified customer, including Wal-Mart, Motorola, Frito Lay, Holiday Inns, Target, numerous municipalities and the Department of Defense. They offer a wide range of products in varying lengths and widths with an assortment of differentiated features such as their patented security systems, multiple doors, electrical wiring and shelving. In addition to their leasing operations, they sell new and used portable storage units and provide other ancillary services. “
Separately, TheStreet cut Mobile Mini from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Mobile Mini has a consensus rating of “Hold” and a consensus price target of $38.33.
Mobile Mini (NASDAQ:MINI) opened at 30.20 on Thursday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 35.53 and a beta of 2.09. Mobile Mini has a 12 month low of $24.13 and a 12 month high of $38.13. The company has a 50 day moving average price of $29.58 and a 200 day moving average price of $32.43.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $124.84 million for the quarter, compared to the consensus estimate of $128.81 million. Mobile Mini had a return on equity of 7.62% and a net margin of 7.45%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. Analysts anticipate that Mobile Mini will post $1.32 earnings per share for the current fiscal year.
In related news, Director Jeffrey S. Goble sold 8,338 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $32.47, for a total value of $270,734.86. Following the sale, the director now directly owns 20,117 shares in the company, valued at $653,198.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in MINI. State Street Corp boosted its stake in shares of Mobile Mini by 2.8% in the first quarter. State Street Corp now owns 877,022 shares of the company’s stock valued at $28,958,000 after buying an additional 23,975 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Mobile Mini by 134.7% in the second quarter. Fisher Asset Management LLC now owns 614,204 shares of the company’s stock valued at $22,394,000 after buying an additional 352,539 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Mobile Mini by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,116,015 shares of the company’s stock valued at $36,851,000 after buying an additional 23,937 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Mobile Mini by 5.9% in the first quarter. Franklin Resources Inc. now owns 1,076,622 shares of the company’s stock valued at $35,550,000 after buying an additional 59,630 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Mobile Mini by 2.5% in the first quarter. Prudential Financial Inc. now owns 107,384 shares of the company’s stock valued at $3,546,000 after buying an additional 2,660 shares during the last quarter.
About Mobile Mini
Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc, is a provider of specialty containment solutions in the United States. It manages its business as two portable storage solutions business segments: North America and the U.K., and one specialty containment business segment.
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