Wall Street analysts forecast that Mobile Mini Inc (NASDAQ:MINI) will post earnings per share (EPS) of $0.40 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Mobile Mini’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.39. Mobile Mini posted earnings of $0.27 per share during the same quarter last year, which would indicate a positive year over year growth rate of 48.1%. The business is scheduled to issue its next quarterly earnings results on Friday, October 19th.

According to Zacks, analysts expect that Mobile Mini will report full-year earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.69. For the next year, analysts expect that the business will post earnings of $1.97 per share, with EPS estimates ranging from $1.95 to $1.98. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Mobile Mini.

Mobile Mini (NASDAQ:MINI) last issued its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $142.00 million for the quarter, compared to analysts’ expectations of $140.34 million. Mobile Mini had a return on equity of 7.16% and a net margin of 23.53%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS.

Several equities analysts recently issued reports on MINI shares. ValuEngine upgraded Mobile Mini from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. BidaskClub upgraded Mobile Mini from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Berenberg Bank started coverage on Mobile Mini in a research report on Wednesday. They issued a “buy” rating and a $53.00 price target on the stock. Finally, Credit Suisse Group initiated coverage on Mobile Mini in a research report on Friday, August 10th. They issued a “neutral” rating and a $45.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.67.

Shares of MINI stock opened at $43.45 on Friday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 37.46, a P/E/G ratio of 1.84 and a beta of 1.86. Mobile Mini has a 52-week low of $31.90 and a 52-week high of $50.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.18.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Wednesday, August 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Tuesday, August 14th. Mobile Mini’s dividend payout ratio is presently 86.21%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its holdings in Mobile Mini by 4.4% in the 2nd quarter. Northern Trust Corp now owns 1,945,202 shares of the industrial products company’s stock valued at $91,230,000 after purchasing an additional 81,090 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Mobile Mini during the 2nd quarter worth approximately $243,000. Bank of America Corp DE boosted its stake in shares of Mobile Mini by 15.5% during the 2nd quarter. Bank of America Corp DE now owns 337,666 shares of the industrial products company’s stock worth $15,836,000 after acquiring an additional 45,409 shares in the last quarter. Intrinsic Edge Capital Management LLC boosted its stake in shares of Mobile Mini by 3,353.6% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 320,497 shares of the industrial products company’s stock worth $15,031,000 after acquiring an additional 311,217 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new stake in shares of Mobile Mini during the 2nd quarter worth approximately $703,000. 98.32% of the stock is currently owned by institutional investors.

About Mobile Mini

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 and Pump Solutions. The company offers various portable storage and office products, such as steel storage containers and steel ground level offices serving retailers, construction companies, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for use in a range of applications, including storage of construction materials and equipment, retail and manufacturing inventory, maintenance supplies, documents and records, and household goods.

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