Iron Mountain Incorporated (NYSE:IRM) is expected to post earnings of $0.71 per share
Wall Street analysts predict Iron Mountain Incorporated (NYSE:IRM) will report earnings per share (EPS) of $0.71 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates of Iron Mountain’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.73. Iron Mountain posted earnings of $0.66 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 7.6%. The company is expected to announce its next quarterly results on Wednesday, February 23.
According to Zacks, analysts expect Iron Mountain to report annual earnings of $2.74 per share for the current fiscal year, with EPS estimates ranging from $2.72 to $2.76. For the next fiscal year, analysts expect the company to report earnings of $2.93 per share, with EPS estimates ranging from $2.76 to $3.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts who provide coverage for Iron Mountain.
Iron Mountain Inc (NYSE:IRM) last reported quarterly earnings data on Thursday, Nov. 4. The financial services provider reported earnings per share (EPS) of $0.40 for the quarter, missing the Zacks consensus estimate of $0.70 per ($0.30). Iron Mountain had a net margin of 14.48% and a return on equity of 53.63%. The company posted revenue of $1.13 billion in the quarter, versus $1.13 billion expected by analysts. During the same period a year earlier, the company posted EPS of $0.61. The Company’s revenue for the quarter increased 9.0% compared to the same quarter last year.
Separately, Executive Vice President Deirdre Evens sold 32,087 shares of the company in a transaction that took place on Tuesday, December 28. The shares were sold at an average price of $52.61, for a total value of $1,688,097.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, COO John Tomovcsik sold 23,716 shares of the company in a trade that took place on Thursday, December 16. The shares were sold at an average price of $50.72, for a total transaction of $1,202,875.52. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 89,222 shares of the company valued at $4,623,836. 2.10% of the shares are currently held by insiders.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. The Alaska State Department of Revenue increased its stake in Iron Mountain by 16.5% in the third quarter. The Alaska State Department of Revenue now owns 192,732 shares of the financial services provider worth $8,373,000 after acquiring 27,279 additional shares last quarter. Bank of Montreal Can increased its stake in Iron Mountain by 80.6% during the second quarter. Bank of Montreal Can now owns 415,045 shares of the financial services provider worth $17,877,000 after buying an additional 185,231 shares last quarter. Strs Ohio increased its holdings in Iron Mountain by 10.8% during the third quarter. Strs Ohio now owns 363,125 shares of the financial services provider worth $15,777,000 after buying an additional 35,540 shares last quarter. Herold Advisors Inc. acquired a new stake in Iron Mountain during the third quarter valued at approximately $391,000. Finally, Cubist Systematic Strategies LLC increased its stake in Iron Mountain by 4,509.0% during the second quarter. Cubist Systematic Strategies LLC now owns 274,192 shares of the financial services provider worth $11,604,000 after purchasing an additional 268,243 shares in the last quarter. 77.67% of the shares are held by institutional investors and hedge funds.
IRM stock traded at $1.34 at midday on Friday, hitting $45.00. 2,579,528 shares of the company were traded, against an average volume of 2,793,708. The company has a quick ratio of 0.69, a current ratio of 0.69 and a leverage ratio of 9.04. The company has a market capitalization of $13.03 billion, a P/E ratio of 20.45 and a beta of 0.82. The company has a fifty-day simple moving average of $47.77 and a 200-day simple moving average of $46.29. Iron Mountain has a 12-month low of $31.21 and a 12-month high of $53.14.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 6. Shareholders of record on Wednesday, December 15 received a dividend of $0.6185 per share. This represents an annualized dividend of $2.47 and a yield of 5.50%. The ex-dividend date was Tuesday, December 14. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.62. Iron Mountain’s dividend payout ratio (DPR) is 112.27%.
About Iron Mountain
Iron Mountain, Inc is committed to providing information storage and management solutions. It operates through the following business segments: North American Records and Information Management Business, North American Data Management Business, Western Europe Business, Other International Business, Global Data Center Business and businesses and other activities.
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