Iron Mountain Incorporated (NYSE:IRM) will release its earnings data before the market opens on Tuesday, October 24th. Analysts expect Iron Mountain to post earnings of $0.29 per share for the quarter.
Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. Iron Mountain had a return on equity of 14.46% and a net margin of 5.14%. The business had revenue of $950.00 million during the quarter, compared to the consensus estimate of $955.05 million. During the same quarter last year, the firm posted $0.24 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts expect Iron Mountain to post $1.18 EPS for the current fiscal year and $1.39 EPS for the next fiscal year.
Shares of Iron Mountain Incorporated (IRM) traded down 1.76% during midday trading on Monday, reaching $40.20. The company’s stock had a trading volume of 321,812 shares. The firm has a 50-day moving average of $39.54 and a 200-day moving average of $36.54. Iron Mountain Incorporated has a one year low of $30.75 and a one year high of $41.17. The stock has a market cap of $10.63 billion, a PE ratio of 55.14 and a beta of 0.91.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a $0.55 dividend. The ex-dividend date was Thursday, September 14th. This represents a $2.20 annualized dividend and a yield of 5.38%. Iron Mountain’s dividend payout ratio is currently 297.30%.
Several research analysts have weighed in on IRM shares. BidaskClub raised Iron Mountain from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised Iron Mountain from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Robert W. Baird set a $39.00 price objective on Iron Mountain and gave the stock a “hold” rating in a research report on Friday, August 25th. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price objective on shares of Iron Mountain in a research report on Sunday, September 3rd. Finally, Evercore ISI started coverage on Iron Mountain in a research report on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $40.40.
In other news, EVP John Tomovcsik sold 29,450 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $38.00, for a total transaction of $1,119,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Patrick J. Keddy sold 23,428 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $39.04, for a total value of $914,629.12. The disclosure for this sale can be found here. Insiders have sold a total of 76,329 shares of company stock worth $2,969,441 in the last ninety days. Insiders own 1.50% of the company’s stock.
About Iron Mountain
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
Receive News & Ratings for Iron Mountain Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.