Mobile Mini (MINI) Expected to Post Earnings of $0.34 Per Share

Wall Street analysts expect Mobile Mini (NASDAQ:MINI) to report $0.34 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Mobile Mini’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.31. Mobile Mini posted earnings per share of $0.25 in the same quarter last year, which indicates a positive year-over-year growth rate of 36%. The business is expected to report its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Mobile Mini will report full year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.81. For the next financial year, analysts forecast that the business will report earnings of $1.90 per share, with EPS estimates ranging from $1.65 to $2.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Mobile Mini.

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Mobile Mini (NASDAQ:MINI) last announced its earnings results on Friday, February 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. Mobile Mini had a net margin of 22.91% and a return on equity of 6.49%. The business had revenue of $146.70 million for the quarter, compared to analyst estimates of $140.60 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Mobile Mini’s revenue was up 11.5% compared to the same quarter last year.

MINI has been the topic of a number of research reports. Zacks Investment Research raised shares of Mobile Mini from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Thursday, February 8th. BidaskClub raised shares of Mobile Mini from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Sidoti raised shares of Mobile Mini from a “neutral” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Monday, February 5th. Needham & Company LLC lifted their price target 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. Finally, Deutsche Bank initiated coverage on shares of Mobile Mini in a research note on Tuesday, January 23rd. They set a “hold” rating and a $39.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average 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 on Monday, March 12th. The shares were sold at an average price of $44.44, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Meadow Creek Investment Management LLC boosted its stake in shares of Mobile Mini by 24.4% in the 4th 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mobile Mini by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 392,383 shares of the industrial products company’s stock valued at $13,537,000 after purchasing an additional 1,668 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Mobile Mini by 2.2% in the 4th quarter. Teachers Advisors LLC now owns 81,404 shares of the industrial products company’s stock valued at $2,808,000 after purchasing an additional 1,754 shares in the last quarter. American International Group Inc. boosted its stake in shares of Mobile Mini by 5.7% in the 3rd quarter. American International Group Inc. now owns 34,844 shares of the industrial products company’s stock valued at $1,200,000 after purchasing an additional 1,890 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Mobile Mini by 41.6% in the 3rd quarter. SG Americas Securities LLC now owns 7,213 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 2,119 shares in the last quarter.

MINI stock traded up $0.50 on Friday, reaching $43.50. 251,297 shares of the company were exchanged, compared to its average volume of 219,389. Mobile Mini has a 12 month low of $26.70 and a 12 month high of $46.10. The firm has a market capitalization of $1,940.32, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 1.88 and a beta of 2.06. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.35.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. This is an increase from Mobile Mini’s previous quarterly dividend of $0.23. Mobile Mini’s payout ratio is currently 86.21%.

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About Mobile Mini

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.

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Earnings History and Estimates for Mobile Mini (NASDAQ:MINI)

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