Brokerages forecast that Mobile Mini Inc (NASDAQ:MINI) will post sales of $140.58 million for the current quarter, Zacks reports. Three analysts have provided estimates for Mobile Mini’s earnings, with the highest sales estimate coming in at $141.80 million and the lowest estimate coming in at $139.30 million. Mobile Mini reported sales of $126.69 million in the same quarter last year, which indicates a positive year over year growth rate of 11%. The business is scheduled to issue its next quarterly earnings report on Friday, July 20th.
On average, analysts expect that Mobile Mini will report full year sales of $583.75 million for the current year, with estimates ranging from $577.69 million to $587.00 million. For the next financial year, analysts expect that the company will post sales of $610.27 million per share, with estimates ranging from $598.81 million to $617.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Mobile Mini.
Mobile Mini (NASDAQ:MINI) last issued its earnings results on Friday, April 20th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $132.30 million for the quarter, compared to analysts’ expectations of $133.18 million. Mobile Mini had a return on equity of 6.73% and a net margin of 23.05%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share.
NASDAQ MINI traded down $0.05 during mid-day trading on Monday, hitting $46.85. The stock had a trading volume of 282,487 shares, compared to its average volume of 218,732. Mobile Mini has a 52-week low of $27.85 and a 52-week high of $48.65. The company has a market capitalization of $2.11 billion, a P/E ratio of 40.39, a PEG ratio of 2.04 and a beta of 1.96. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 30th. Investors of record on Wednesday, May 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.13%. The ex-dividend date was Tuesday, May 15th. Mobile Mini’s payout ratio is currently 86.21%.
In other Mobile Mini news, Director Frederick G. Mcnamee sold 8,000 shares of the stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $44.16, for a total transaction of $353,280.00. Following the sale, the director now owns 10,393 shares in the company, valued at approximately $458,954.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen A. Mcconnell sold 20,000 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $46.87, for a total value of $937,400.00. Following the sale, the director now owns 94,789 shares in the company, valued at approximately $4,442,760.43. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.
Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Mobile Mini by 60.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,376 shares of the industrial products company’s stock valued at $147,000 after buying an additional 1,275 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Mobile Mini by 81.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,227 shares of the industrial products company’s stock valued at $184,000 after buying an additional 1,901 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Mobile Mini during the 1st quarter valued at $248,000. Meadow Creek Investment Management LLC grew its holdings in Mobile Mini by 24.4% during 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 buying an additional 1,176 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Mobile Mini during the 1st quarter valued at $280,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.
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.
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