Media coverage about Iron Mountain (NYSE:IRM) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Iron Mountain earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.6099357014887 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- $964.13 Million in Sales Expected for Iron Mountain Incorporated (IRM) This Quarter (americanbankingnews.com)
- Zacks: Brokerages Expect Iron Mountain Incorporated (IRM) to Post $0.57 EPS (americanbankingnews.com)
- Iron Mountain : to Attend 2017 REITWorld (4-traders.com)
- Iron Mountain to Attend 2017 REITWorld (finance.yahoo.com)
- Iron Mountain Incorporated (IRM) VP Theodore Maclean Sells 1,500 Shares (americanbankingnews.com)
Several equities research analysts recently commented on IRM shares. ValuEngine raised Iron Mountain from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 target price (up previously from $40.00) on shares of Iron Mountain in a research note on Friday, October 20th. Robert W. Baird raised their target price on Iron Mountain from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised Iron Mountain from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Monday, October 9th. Finally, BidaskClub raised Iron Mountain from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $41.20.
Shares of Iron Mountain (NYSE:IRM) traded up $0.29 during trading on Friday, reaching $40.82. The company’s stock had a trading volume of 1,517,500 shares, compared to its average volume of 1,225,231. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59. Iron Mountain has a 12-month low of $31.29 and a 12-month high of $41.18. The firm has a market capitalization of $10,818.96, a PE ratio of 19.49, a PEG ratio of 6.32 and a beta of 1.02.
Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Iron Mountain had a return on equity of 15.49% and a net margin of 5.54%. The firm had revenue of $966.00 million during the quarter, compared to analysts’ expectations of $960.99 million. During the same quarter last year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts expect that Iron Mountain will post 2.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Thursday, December 14th. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.55. Iron Mountain’s dividend payout ratio (DPR) is currently 275.00%.
In other news, VP Theodore Maclean sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $40.60, for a total value of $60,900.00. Following the transaction, the vice president now owns 8,679 shares in the company, valued at $352,367.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Patrick J. Keddy sold 23,428 shares of the firm’s stock in a transaction that occurred 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 sold 48,379 shares of company stock worth $1,911,241 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.
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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.
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