Wall Street analysts expect Iron Mountain Incorporated (NYSE:IRM) to post earnings per share (EPS) of $0.64 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Iron Mountain’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.69. Iron Mountain reported earnings of $0.53 per share in the same quarter last year, which would indicate a positive year over year growth rate of 20.8%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, August 5th.
On average, analysts expect that Iron Mountain will report full year earnings of $2.63 per share for the current fiscal year, with EPS estimates ranging from $2.42 to $2.74. For the next financial year, analysts forecast that the business will post earnings of $2.92 per share, with EPS estimates ranging from $2.40 to $3.34. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Iron Mountain.
Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, May 6th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.32). Iron Mountain had a net margin of 7.80% and a return on equity of 48.47%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis.
In other news, EVP Deborah Marson sold 600 shares of the stock in a transaction on Wednesday, July 14th. The shares were sold at an average price of $44.00, for a total value of $26,400.00. Following the transaction, the executive vice president now owns 42,057 shares of the company’s stock, valued at approximately $1,850,508. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ernest W. Cloutier sold 56,223 shares of the stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $39.96, for a total transaction of $2,246,671.08. Following the completion of the transaction, the executive vice president now directly owns 116,208 shares in the company, valued at approximately $4,643,671.68. The disclosure for this sale can be found here. Insiders have sold a total of 135,405 shares of company stock worth $5,636,890 in the last ninety days. 2.10% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Iron Mountain by 22.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,065,224 shares of the financial services provider’s stock valued at $39,423,000 after buying an additional 191,934 shares during the period. FormulaFolio Investments LLC boosted its position in Iron Mountain by 352.7% during the 4th quarter. FormulaFolio Investments LLC now owns 84,150 shares of the financial services provider’s stock valued at $2,481,000 after buying an additional 65,562 shares during the period. Concorde Asset Management LLC purchased a new stake in Iron Mountain during the 1st quarter valued at $1,949,000. Hudson Portfolio Management LLC purchased a new stake in Iron Mountain during the 1st quarter valued at $1,090,000. Finally, California State Teachers Retirement System boosted its position in Iron Mountain by 0.9% during the 1st quarter. California State Teachers Retirement System now owns 538,442 shares of the financial services provider’s stock valued at $19,928,000 after buying an additional 5,052 shares during the period. 77.44% of the stock is currently owned by institutional investors.
IRM traded down $0.16 during midday trading on Friday, reaching $43.42. The company had a trading volume of 1,281,385 shares, compared to its average volume of 1,862,333. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 8.91. The company has a market capitalization of $12.54 billion, a PE ratio of 38.43, a PEG ratio of 9.57 and a beta of 0.78. Iron Mountain has a 12-month low of $24.85 and a 12-month high of $47.34. The business’s 50-day moving average price is $43.97.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 6th. Investors of record on Tuesday, June 15th were issued a dividend of $0.618 per share. This represents a $2.47 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Monday, June 14th. Iron Mountain’s dividend payout ratio (DPR) is presently 80.46%.
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 90 million square feet across approximately 1,450 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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