Mobile Mini Inc (MINI) Expected to Announce Earnings of $0.39 Per Share

Wall Street analysts expect Mobile Mini Inc (NASDAQ:MINI) to post earnings per share (EPS) of $0.39 for the current fiscal quarter, Zacks 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 reported earnings of $0.33 per share in the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The business is scheduled to announce its next quarterly earnings report after the market closes on Monday, April 22nd.

On average, analysts expect that Mobile Mini will report full year earnings of $1.96 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $1.98. For the next financial year, analysts forecast that the business will post 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 sell-side research firms that that provide coverage for Mobile Mini.

Mobile Mini (NASDAQ:MINI) last announced its quarterly earnings data on Friday, February 1st. The industrial products company reported $0.53 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 company had revenue of $160.90 million for the quarter, compared to analyst estimates of $155.55 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year.

A number of equities analysts have recently commented on the company. BidaskClub raised Mobile Mini from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Zacks Investment Research raised Mobile Mini from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. ValuEngine raised Mobile Mini from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. TheStreet downgraded Mobile Mini from a “b” rating to a “c” rating in a research report on Friday, February 1st. Finally, Oppenheimer lowered their price objective on Mobile Mini from $47.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, February 4th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $47.33.

Shares of Mobile Mini stock remained flat at $$33.99 on Thursday. The stock had a trading volume of 356,544 shares, compared to its average volume of 206,405. Mobile Mini has a 1-year low of $29.46 and a 1-year high of $50.40. The firm has a market capitalization of $1.53 billion, a P/E ratio of 20.73, a PEG ratio of 1.22 and a beta of 1.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.19 and a current ratio of 0.21.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantamental Technologies LLC acquired a new position in Mobile Mini in the fourth quarter valued at approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Mobile Mini by 15.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,355 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 459 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Mobile Mini by 146.2% in the fourth quarter. LS Investment Advisors LLC now owns 3,397 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 2,017 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Mobile Mini in the third quarter valued at approximately $116,000. Finally, Institute for Wealth Management LLC. acquired a new position in Mobile Mini in the fourth quarter valued at approximately $218,000. 98.18% of the stock is owned by hedge funds and other institutional investors.

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 & 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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