Iron Mountain (NYSE:IRM) Issues Q3 2026 Earnings Guidance

Iron Mountain (NYSE:IRM) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.470-1.470 for the period, compared to the consensus EPS estimate of 1.350. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Iron Mountain also updated its FY 2026 guidance to 5.870-5.930 EPS.

Analysts Set New Price Targets

IRM has been the subject of several recent analyst reports. Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays lifted their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Truist Financial set a $140.00 price target on Iron Mountain in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Iron Mountain currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

Iron Mountain Trading Up 2.2%

Shares of NYSE IRM opened at $128.29 on Wednesday. The firm has a market cap of $38.17 billion, a price-to-earnings ratio of 140.98 and a beta of 1.20. The stock has a fifty day simple moving average of $125.05 and a two-hundred day simple moving average of $114.40. Iron Mountain has a 1-year low of $77.77 and a 1-year high of $134.68.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, Director Walter C. Rakowich sold 757 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the completion of the transaction, the director owned 1,135 shares in the company, valued at $141,250.75. This trade represents a 40.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $122.83, for a total transaction of $4,725,761.42. Following the completion of the sale, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,725,761.42. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 137,260 shares of company stock valued at $17,361,672. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC bought a new position in shares of Iron Mountain in the fourth quarter valued at approximately $25,000. Johnson Financial Group Inc. bought a new stake in shares of Iron Mountain during the 3rd quarter valued at about $32,000. DV Equities LLC bought a new position in shares of Iron Mountain in the fourth quarter worth approximately $34,000. Triumph Capital Management lifted its position in Iron Mountain by 1,056.8% during the fourth quarter. Triumph Capital Management now owns 428 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 391 shares during the last quarter. Finally, Strive Financial Group LLC bought a new stake in shares of Iron Mountain during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.