ValuEngine upgraded shares of Mobile Mini (NASDAQ:MINI) from a hold rating to a buy rating in a research note released on Wednesday.
MINI has been the subject of a number of other reports. Robert W. Baird upgraded shares of Mobile Mini from a neutral rating to an outperform rating and upped their price objective for the stock from $47.00 to $48.00 in a report on Friday, July 27th. BidaskClub upgraded shares of Mobile Mini from a buy rating to a strong-buy rating in a report on Saturday, June 30th. Berenberg Bank began coverage on shares of Mobile Mini in a report on Wednesday, September 19th. They issued a buy rating and a $53.00 price objective for the company. MED reiterated a sell rating on shares of Mobile Mini in a report on Friday, July 27th. Finally, Credit Suisse Group began coverage on shares of Mobile Mini in a report on Friday, August 10th. They issued a neutral rating and a $45.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $46.67.
NASDAQ MINI opened at $43.55 on Wednesday. The firm has a market capitalization of $1.96 billion, a PE ratio of 37.54, a P/E/G ratio of 1.88 and a beta of 1.86. Mobile Mini has a 1-year low of $32.40 and a 1-year high of $50.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.18.
Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $142.00 million during the quarter, compared to analysts’ expectations of $140.34 million. Mobile Mini had a net margin of 23.53% and a return on equity of 7.16%. Mobile Mini’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. sell-side analysts predict that Mobile Mini will post 1.67 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Wednesday, August 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Tuesday, August 14th. Mobile Mini’s dividend payout ratio (DPR) is 86.21%.
A number of hedge funds have recently added to or reduced their stakes in the business. UBS Group AG boosted its holdings in Mobile Mini by 9.8% during the first quarter. UBS Group AG now owns 15,655 shares of the industrial products company’s stock valued at $681,000 after acquiring an additional 1,394 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Mobile Mini by 4.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 33,639 shares of the industrial products company’s stock valued at $1,463,000 after acquiring an additional 1,434 shares during the period. Swiss National Bank boosted its holdings in Mobile Mini by 2.0% during the first quarter. Swiss National Bank now owns 76,800 shares of the industrial products company’s stock valued at $3,341,000 after acquiring an additional 1,500 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Mobile Mini by 2.5% during the first quarter. Great West Life Assurance Co. Can now owns 60,904 shares of the industrial products company’s stock valued at $2,647,000 after acquiring an additional 1,511 shares during the period. Finally, Profund Advisors LLC boosted its holdings in Mobile Mini by 22.6% during the first quarter. Profund Advisors LLC now owns 8,602 shares of the industrial products company’s stock valued at $374,000 after acquiring an additional 1,584 shares during the period. Institutional investors own 98.32% 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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