Mobile Mini Inc (MINI) Anticipated to Announce Revenue of $0.26 Per Share

Mobile Mini Inc (MINI) Anticipated to Announce Revenue of $0.26 Per Share

Equities analysts expect that Mobile Mini Inc (NASDAQ:MINI) will post earnings of $0.26 per share for the current quarter, Zacks reports. Four analysts have made estimates for Mobile Mini’s earnings, with estimates ranging from $0.24 to $0.28. Mobile Mini posted earnings per share of $0.25 in the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The firm is expected to announce its next earnings report on Thursday, July 27th.

According to Zacks, analysts expect that Mobile Mini will report full year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.30. For the next fiscal year, analysts forecast that the firm will post earnings of $1.44 per share, with EPS estimates ranging from $1.40 to $1.48. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Mobile Mini.

Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $123.53 million for the quarter, compared to the consensus estimate of $124.31 million. Mobile Mini had a return on equity of 7.85% and a net margin of 9.29%. Mobile Mini’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 earnings per share.

Separately, Zacks Investment Research upgraded Mobile Mini from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday, April 6th.

A number of institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in Mobile Mini during the first quarter valued at about $117,000. Foresters Investment Management Company Inc. acquired a new position in Mobile Mini during the fourth quarter valued at about $140,000. State of Alaska Department of Revenue boosted its position in Mobile Mini by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,910 shares of the industrial products company’s stock valued at $149,000 after buying an additional 100 shares during the last quarter. Miles Capital Inc. boosted its position in Mobile Mini by 6.9% in the fourth quarter. Miles Capital Inc. now owns 7,102 shares of the industrial products company’s stock valued at $215,000 after buying an additional 460 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Mobile Mini during the first quarter valued at about $264,000.

Shares of Mobile Mini (MINI) traded down 1.0260% during trading on Friday, reaching $28.9499. The company’s stock had a trading volume of 51,786 shares. The firm has a market capitalization of $1.27 billion, a P/E ratio of 27.8364 and a beta of 2.41. Mobile Mini has a 52 week low of $23.40 and a 52 week high of $38.13. The company has a 50 day moving average price of $28.45 and a 200 day moving average price of $30.41.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th were given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a yield of 3.10%. The ex-dividend date was Monday, May 15th. Mobile Mini’s payout ratio is 76.64%.

About Mobile Mini

Mobile Mini, Inc is a provider of portable storage solutions. The Company, through its subsidiary, Evergreen Tank Solutions, Inc (ETS), is a provider of specialty containment solutions in the United States. The Company manages its business as two portable storage solutions business segments, North America and the U.K., and one specialty containment business segment.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MINI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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