Iron Mountain (IRM) Projected to Post Quarterly Earnings on Thursday

Iron Mountain (NYSE:IRM) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect Iron Mountain to post earnings of $1.16 per share and revenue of $1.59 billion for the quarter. Iron Mountain has set its FY 2025 guidance at EPS.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.70). Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the business earned $0.52 EPS. On average, analysts expect Iron Mountain to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Iron Mountain Stock Performance

Shares of NYSE:IRM opened at $88.29 on Wednesday. The company has a 50 day moving average price of $85.89 and a two-hundred day moving average price of $102.72. The company has a market capitalization of $26.04 billion, a PE ratio of 144.74, a PEG ratio of 5.15 and a beta of 0.97. Iron Mountain has a 52 week low of $72.33 and a 52 week high of $130.24.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a $0.785 dividend. The ex-dividend date was Monday, March 17th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.56%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.72. Iron Mountain’s dividend payout ratio is currently 514.75%.

Insider Activity

In other news, CEO William L. Meaney sold 69,125 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $99.83, for a total value of $6,900,748.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 172,552 shares of Iron Mountain stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $91.33, for a total transaction of $15,759,174.16. Following the sale, the chief executive officer now directly owns 237,402 shares of the company’s stock, valued at $21,681,924.66. The trade was a 42.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 318,973 shares of company stock valued at $29,370,872 over the last three months. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IRM shares. Wells Fargo & Company decreased their target price on Iron Mountain from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price objective on Iron Mountain from $125.00 to $112.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Truist Financial began coverage on shares of Iron Mountain in a report on Tuesday, April 8th. They set a “buy” rating and a $95.00 target price on the stock. StockNews.com upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a report on Friday, April 18th. Finally, Barclays reduced their target price on shares of Iron Mountain from $130.00 to $118.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Iron Mountain currently has a consensus rating of “Buy” and an average price target of $121.29.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.