Brokerages expect Iron Mountain Inc (NYSE:IRM) to announce sales of $983.76 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Iron Mountain’s earnings, with the lowest sales estimate coming in at $913.62 million and the highest estimate coming in at $1.08 billion. Iron Mountain posted sales of $1.07 billion in the same quarter last year, which would indicate a negative year over year growth rate of 8.1%. The company is expected to issue its next quarterly earnings report on Thursday, August 6th.
According to Zacks, analysts expect that Iron Mountain will report full-year sales of $3.94 billion for the current fiscal year, with estimates ranging from $3.91 billion to $3.96 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.31 billion, with estimates ranging from $4.03 billion to $4.54 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Iron Mountain.
Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. Iron Mountain had a return on equity of 19.16% and a net margin of 7.06%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.17 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis.
IRM stock traded up $0.03 during trading on Friday, hitting $24.67. The company had a trading volume of 7,576,744 shares, compared to its average volume of 4,371,846. The firm has a 50-day moving average price of $25.96 and a 200-day moving average price of $28.43. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.98 and a beta of 0.69. Iron Mountain has a 12 month low of $21.00 and a 12 month high of $34.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 9.31.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Monday, June 15th will be given a dividend of $0.6185 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.47 annualized dividend and a dividend yield of 10.03%. Iron Mountain’s dividend payout ratio is 107.86%.
In other Iron Mountain news, Director Pamela M. Arway sold 7,011 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $23.60, for a total value of $165,459.60. Following the sale, the director now owns 25,282 shares in the company, valued at $596,655.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of IRM. HBC Financial Services PLLC acquired a new stake in Iron Mountain in the fourth quarter valued at approximately $28,000. Enterprise Financial Services Corp boosted its position in Iron Mountain by 485.9% in the first quarter. Enterprise Financial Services Corp now owns 1,207 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,001 shares in the last quarter. Credit Agricole S A bought a new position in shares of Iron Mountain during the fourth quarter valued at $32,000. Private Capital Group LLC raised its stake in shares of Iron Mountain by 122.2% during the first quarter. Private Capital Group LLC now owns 1,584 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 871 shares during the last quarter. Finally, Trustcore Financial Services LLC raised its stake in shares of Iron Mountain by 70.1% during the first quarter. Trustcore Financial Services LLC now owns 1,701 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 84.84% of the company’s stock.
Iron Mountain Company Profile
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.
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