Iron Mountain (NYSE:IRM – Get Rating) will be posting its quarterly earnings results before the market opens on Thursday, April 28th. Analysts expect Iron Mountain to post earnings of $0.70 per share for the quarter. Iron Mountain has set its FY22 guidance at $3.70-$3.82 EPS and its FY 2022 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
Iron Mountain (NYSE:IRM – Get Rating) last released its earnings results on Thursday, February 24th. The financial services provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.28). Iron Mountain had a net margin of 10.02% and a return on equity of 45.09%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.66 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts expect Iron Mountain to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
IRM opened at $57.72 on Thursday. The business has a fifty day moving average of $50.98 and a 200 day moving average of $48.29. Iron Mountain has a 52-week low of $38.56 and a 52-week high of $57.96. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 10.46. The stock has a market cap of $16.77 billion, a P/E ratio of 37.24 and a beta of 0.85.
In related news, EVP Edward Baker-Greene sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $51.31, for a total value of $307,860.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Deirdre Evens sold 7,828 shares of the company’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $50.00, for a total value of $391,400.00. The disclosure for this sale can be found here. Insiders have sold 118,999 shares of company stock worth $6,015,205 in the last three months. 2.10% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its position in shares of Iron Mountain by 55.1% in the 4th quarter. Allianz Asset Management GmbH now owns 736,514 shares of the financial services provider’s stock valued at $38,542,000 after purchasing an additional 261,705 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Iron Mountain by 23.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,063,839 shares of the financial services provider’s stock worth $55,671,000 after buying an additional 199,337 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Iron Mountain by 5.1% during the 4th quarter. Parametric Portfolio Associates LLC now owns 1,095,922 shares of the financial services provider’s stock worth $57,350,000 after buying an additional 52,759 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Iron Mountain by 48.8% during the 4th quarter. NewEdge Advisors LLC now owns 43,787 shares of the financial services provider’s stock worth $2,291,000 after buying an additional 14,361 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Iron Mountain by 1.7% during the 4th quarter. California State Teachers Retirement System now owns 518,289 shares of the financial services provider’s stock worth $27,122,000 after buying an additional 8,698 shares in the last quarter. 78.39% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on Iron Mountain from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, April 12th. StockNews.com started coverage on Iron Mountain in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Credit Suisse Group increased their price objective on Iron Mountain from $18.00 to $20.00 and gave the company an “underperform” rating in a report on Friday, February 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $43.25.
About Iron Mountain (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Iron Mountain (IRM)
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