Iron Mountain (NYSE:IRM) Releases FY 2025 Earnings Guidance

Iron Mountain (NYSE:IRM) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.040-5.130 for the period, compared to the consensus estimate of 3.030. The company issued revenue guidance of $6.8 billion-$6.9 billion, compared to the consensus revenue estimate of $6.9 billion.

Iron Mountain Stock Down 0.4%

IRM opened at $103.29 on Wednesday. The stock has a market cap of $30.51 billion, a PE ratio of 737.86 and a beta of 1.06. The business has a 50 day moving average of $100.60 and a 200-day moving average of $98.14. Iron Mountain has a 52 week low of $72.33 and a 52 week high of $125.88.

Iron Mountain (NYSE:IRM) last released its earnings results on Wednesday, August 6th. The financial services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.05. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Iron Mountain had a negative return on equity of 146.80% and a net margin of 0.66%.The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. Equities analysts anticipate that Iron Mountain will post 4.54 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Iron Mountain in a research note on Monday, September 22nd. They set a “buy” rating and a $120.00 price objective for the company. Barclays lifted their price objective on Iron Mountain from $121.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on Iron Mountain from $112.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Finally, Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Insiders Place Their Bets

In other news, EVP Mark Kidd sold 7,306 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $100.82, for a total transaction of $736,590.92. Following the transaction, the executive vice president directly owned 73,081 shares of the company’s stock, valued at $7,368,026.42. This represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William L. Meaney sold 69,125 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $102.34, for a total value of $7,074,252.50. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 151,556 shares of company stock worth $14,547,978. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. MUFG Securities EMEA plc bought a new position in shares of Iron Mountain during the second quarter valued at $89,000. Headlands Technologies LLC purchased a new stake in Iron Mountain during the second quarter valued at $115,000. EverSource Wealth Advisors LLC increased its position in Iron Mountain by 29.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 300 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Iron Mountain by 145.3% during the second quarter. Geneos Wealth Management Inc. now owns 2,399 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 1,421 shares during the last quarter. Finally, ICONIQ Capital LLC purchased a new stake in Iron Mountain during the second quarter valued at $286,000. 80.13% of the stock is owned by institutional investors.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.