Mobile Mini (MINI) Trading 7.2% Higher Following Earnings Beat

Mobile Mini Inc (NASDAQ:MINI) shares traded up 7.2% during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $38.75 and last traded at $37.00. 713,582 shares traded hands during mid-day trading, an increase of 236% from the average session volume of 212,433 shares. The stock had previously closed at $34.50.

The industrial products company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The firm had revenue of $149.66 million during the quarter, compared to analysts’ expectations of $147.30 million. Mobile Mini had a negative net margin of 1.36% and a positive return on equity of 8.74%. Mobile Mini’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS.

Several analysts have recently issued reports on MINI shares. Zacks Investment Research raised shares of Mobile Mini from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. BidaskClub cut shares of Mobile Mini from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Mobile Mini currently has an average rating of “Hold” and an average price target of $47.33.

Several hedge funds and other institutional investors have recently made changes to their positions in MINI. Quantamental Technologies LLC purchased a new stake in shares of Mobile Mini during the 4th quarter valued at $28,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Mobile Mini by 15.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,355 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 459 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Mobile Mini by 146.2% during the 4th quarter. LS Investment Advisors LLC now owns 3,397 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 2,017 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Mobile Mini during the 3rd quarter valued at $116,000. Finally, Institute for Wealth Management LLC. acquired a new position in shares of Mobile Mini during the 4th quarter valued at $218,000. 98.18% of the stock is owned by institutional investors.

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.19 and a current ratio of 0.21. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.75.

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About Mobile Mini (NASDAQ:MINI)

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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