Iron Mountain (IRM) to Release Earnings on Thursday

Iron Mountain (NYSE:IRM) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Iron Mountain to post earnings of $0.99 per share for the quarter. Iron Mountain has set its FY 2024 guidance at EPS and its FY24 guidance at $4.39-4.51 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.48). Iron Mountain had a net margin of 5.44% and a return on equity of 178.02%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the business earned $0.98 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts expect Iron Mountain to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Iron Mountain Trading Up 2.1 %

Shares of IRM stock opened at $78.19 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 55.78. Iron Mountain has a fifty-two week low of $52.81 and a fifty-two week high of $82.19. The stock has a market capitalization of $22.92 billion, a P/E ratio of 124.11, a P/E/G ratio of 4.56 and a beta of 0.94. The stock has a 50-day simple moving average of $77.10 and a 200 day simple moving average of $69.11.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a $0.65 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.33%. Iron Mountain’s dividend payout ratio (DPR) is 412.70%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IRM shares. Stifel Nicolaus increased their price objective on Iron Mountain from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Wells Fargo & Company increased their price objective on Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Barclays increased their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Finally, TheStreet downgraded Iron Mountain from a “b” rating to a “c” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

Insider Transactions at Iron Mountain

In related news, CAO Daniel Borges sold 996 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $80.00, for a total value of $79,680.00. Following the sale, the chief accounting officer now owns 3,095 shares of the company’s stock, valued at approximately $247,600. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Daniel Borges sold 996 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $80.00, for a total value of $79,680.00. Following the sale, the chief accounting officer now owns 3,095 shares of the company’s stock, valued at approximately $247,600. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deborah Marson sold 2,000 shares of Iron Mountain stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $67.43, for a total value of $134,860.00. Following the completion of the transaction, the executive vice president now owns 48,026 shares of the company’s stock, valued at approximately $3,238,393.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,124 shares of company stock valued at $12,698,221. 2.20% of the stock is owned by corporate insiders.

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.