Mobile Mini (NASDAQ:MINI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.
According to Zacks, “Mobile Mini, Inc. is the world’s leading provider of portable storage solutions through its total rental fleet of approximately 210,900 storage solutions containers and office units and a leading provider of tank and pump solutions in the U.S., with a rental fleet of approximately 12,000 units. Mobile Mini’s network is comprised of 156 locations in the U.S., U.K., and Canada. Mobile Mini international presence and diverse fleet enables to meet customers’ storage and tank-and-pump rental requirements whenever and wherever they need. Mobile Mini is committed to providing the most secure and convenient storage, tank and pump solutions. Mobile Mini Company takes pride in convenience, customer service, and high-security products, and Mobile Mini are always looking for ways to improve services and exceed your expectations. “
MINI has been the topic of a number of other research reports. Oppenheimer set a $42.00 price target on Mobile Mini and gave the stock a “buy” rating in a report on Friday, November 1st. TheStreet raised Mobile Mini from a “c+” rating to a “b” rating in a report on Thursday, October 31st. BidaskClub raised Mobile Mini from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, ValuEngine raised Mobile Mini from a “sell” rating to a “hold” rating in a report on Saturday, September 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.60.
NASDAQ MINI opened at $37.91 on Thursday. The company has a quick ratio of 0.15, a current ratio of 0.16 and a debt-to-equity ratio of 0.39. Mobile Mini has a 52-week low of $29.02 and a 52-week high of $40.00. The business’s 50-day moving average price is $37.95 and its 200 day moving average price is $34.78. The firm has a market cap of $1.67 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.39 and a beta of 1.58.
Mobile Mini (NASDAQ:MINI) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.05. Mobile Mini had a return on equity of 10.31% and a net margin of 11.23%. The firm had revenue of $153.52 million for the quarter, compared to analyst estimates of $158.14 million. During the same quarter last year, the company posted $0.42 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. As a group, analysts anticipate that Mobile Mini will post 1.94 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Inc. boosted its holdings in Mobile Mini by 44.2% in the 2nd quarter. Advisor Group Inc. now owns 965 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 296 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Mobile Mini by 313.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,054 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 799 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Mobile Mini in the 3rd quarter valued at approximately $41,000. FTB Advisors Inc. boosted its holdings in Mobile Mini by 32.3% in the 3rd quarter. FTB Advisors Inc. now owns 1,192 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 291 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Mobile Mini by 565.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,662 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 2,262 shares in the last quarter. 93.38% of the stock is currently owned by institutional investors.
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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