Analysts Anticipate Mobile Mini Inc (MINI) to Announce $0.39 Earnings Per Share

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Wall Street brokerages expect that Mobile Mini Inc (NASDAQ:MINI) will announce $0.39 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Mobile Mini’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.39. Mobile Mini posted earnings per share of $0.33 during the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The company is scheduled to announce its next earnings report on Friday, April 19th.

According to Zacks, analysts expect that Mobile Mini will report full year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.93 to $1.98. For the next financial year, analysts anticipate that the business will report earnings of $2.24 per share, with EPS estimates ranging from $2.20 to $2.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Mobile Mini.

Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, February 1st. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). Mobile Mini had a positive return on equity of 8.74% and a negative net margin of 1.36%. The firm had revenue of $160.90 million for the quarter, compared to analysts’ expectations of $155.55 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. ValuEngine cut Mobile Mini from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research cut Mobile Mini from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. Finally, BidaskClub cut Mobile Mini from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Four analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $47.33.

Shares of NASDAQ:MINI traded down $1.59 during trading on Tuesday, reaching $33.08. 187,989 shares of the stock were exchanged, compared to its average volume of 176,693. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.19 and a current ratio of 0.21. Mobile Mini has a 12-month low of $29.46 and a 12-month high of $50.40. The stock has a market capitalization of $1.48 billion, a P/E ratio of 20.17, a PEG ratio of 1.21 and a beta of 1.76.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 27th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 26th. This is a positive change from Mobile Mini’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.33%. Mobile Mini’s payout ratio is 67.07%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in Mobile Mini by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 511,235 shares of the industrial products company’s stock worth $16,231,000 after acquiring an additional 43,042 shares in the last quarter. Norges Bank acquired a new position in Mobile Mini during the 4th quarter worth approximately $12,560,000. Amalgamated Bank acquired a new position in Mobile Mini during the 4th quarter worth approximately $218,000. Millennium Management LLC lifted its position in Mobile Mini by 285.0% during the 4th quarter. Millennium Management LLC now owns 163,057 shares of the industrial products company’s stock worth $5,177,000 after acquiring an additional 120,702 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Mobile Mini by 3.0% during the 4th quarter. Legal & General Group Plc now owns 106,676 shares of the industrial products company’s stock worth $3,408,000 after acquiring an additional 3,074 shares in the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.

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