Iron Mountain Incorporated (IRM) to Issue Quarterly Dividend of $0.86 on October 2nd

Iron Mountain Incorporated (NYSE:IRM) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.864 per share by the financial services provider on Friday, October 2nd. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

Iron Mountain has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Iron Mountain has a payout ratio of 148.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Iron Mountain to earn $6.01 per share next year, which means the company should continue to be able to cover its $3.45 annual dividend with an expected future payout ratio of 57.4%.

Iron Mountain Stock Up 2.0%

NYSE:IRM opened at $115.12 on Friday. The company has a fifty day moving average of $121.46 and a 200 day moving average of $118.80. Iron Mountain has a 52 week low of $77.77 and a 52 week high of $134.68. The firm has a market capitalization of $34.27 billion, a P/E ratio of 82.23 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.Iron Mountain’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 EPS. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, analysts anticipate that Iron Mountain will post 5.42 EPS for the current year.

Wall Street Analysts Forecast Growth

IRM has been the topic of a number of analyst reports. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Wells Fargo & Company lifted their target price on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Truist Financial upped their target price on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Barclays increased their price target on shares of Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Weiss Ratings downgraded shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.83.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data storage company. Founded in 1951, the company helps organizations protect, manage and preserve physical and digital information throughout its lifecycle.

Its services include records storage, document management, secure shredding and destruction, information governance, data backup and recovery, and digital transformation. Iron Mountain also operates data centers that support colocation, cloud connectivity and other infrastructure needs for businesses and public-sector organizations.

The company serves customers across a range of industries, including financial services, healthcare, government, legal services and entertainment.