Mobile Mini (MINI) Posts Earnings Results, Beats Expectations By $0.03 EPS

Mobile Mini (NASDAQ:MINI) released its quarterly earnings data on Monday. The industrial products company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03, Bloomberg Earnings reports. The firm had revenue of $149.66 million during the quarter, compared to analyst estimates of $147.30 million. Mobile Mini had a positive return on equity of 8.74% and a negative net margin of 1.36%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share.

NASDAQ:MINI opened at $37.00 on Wednesday. The company has a market cap of $1.55 billion, a PE ratio of 22.56, a P/E/G ratio of 1.24 and a beta of 1.75. Mobile Mini has a fifty-two week low of $29.46 and a fifty-two week high of $50.40. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 0.38.

Hedge funds have recently made changes to their positions in the stock. Quantamental Technologies LLC purchased a new stake in Mobile Mini in the fourth quarter worth $28,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Mobile Mini by 15.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,355 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 459 shares during the period. LS Investment Advisors LLC lifted its stake in Mobile Mini by 146.2% in the fourth quarter. LS Investment Advisors LLC now owns 3,397 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 2,017 shares during the period. Belpointe Asset Management LLC bought a new position in Mobile Mini in the third quarter worth $116,000. Finally, Institute for Wealth Management LLC. bought a new position in Mobile Mini in the fourth quarter worth $218,000. 98.18% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on MINI. BidaskClub lowered Mobile Mini from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd. ValuEngine lowered Mobile Mini from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Zacks Investment Research lowered Mobile Mini from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. Finally, TheStreet lowered Mobile Mini from a “b” rating to a “c” rating in a research note on Friday, February 1st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $47.33.

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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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.

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Earnings History for Mobile Mini (NASDAQ:MINI)

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