Q3 EPS Estimates for Iron Mountain Boosted by Zacks Research

Iron Mountain Incorporated (NYSE:IRM) – Equities researchers at Zacks Research upped their Q3 2026 earnings per share estimates for shares of Iron Mountain in a research note issued on Monday, June 23rd. Zacks Research analyst R. Department now expects that the financial services provider will earn $1.28 per share for the quarter, up from their prior forecast of $1.26. The consensus estimate for Iron Mountain’s current full-year earnings is $4.54 per share. Zacks Research also issued estimates for Iron Mountain’s Q4 2026 earnings at $1.37 EPS.

A number of other equities research analysts also recently weighed in on the stock. Truist Financial started coverage on shares of Iron Mountain in a research report on Tuesday, April 8th. They issued a “buy” rating and a $95.00 price target for the company. Barclays raised their price objective on Iron Mountain from $118.00 to $121.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen upgraded Iron Mountain from a “sell” rating to a “hold” rating in a research report on Friday, April 18th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Iron Mountain has a consensus rating of “Buy” and a consensus price target of $121.71.

Iron Mountain Stock Down 2.4%

NYSE IRM opened at $102.77 on Wednesday. The firm has a 50-day moving average price of $96.65 and a two-hundred day moving average price of $96.60. Iron Mountain has a 12-month low of $72.33 and a 12-month high of $130.24. The company has a market capitalization of $30.32 billion, a P/E ratio of 250.66 and a beta of 1.09.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.01. Iron Mountain had a net margin of 1.97% and a negative return on equity of 201.62%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. Iron Mountain’s quarterly revenue was up 7.9% on a year-over-year basis.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Swedbank AB grew its position in Iron Mountain by 4.9% during the 1st quarter. Swedbank AB now owns 303,030 shares of the financial services provider’s stock worth $26,073,000 after acquiring an additional 14,092 shares during the last quarter. BROOKFIELD Corp ON boosted its stake in shares of Iron Mountain by 26.1% during the first quarter. BROOKFIELD Corp ON now owns 14,022 shares of the financial services provider’s stock valued at $1,206,000 after purchasing an additional 2,898 shares in the last quarter. Strs Ohio bought a new stake in shares of Iron Mountain during the first quarter worth about $16,416,000. Ellsworth Advisors LLC increased its stake in shares of Iron Mountain by 0.9% in the first quarter. Ellsworth Advisors LLC now owns 25,194 shares of the financial services provider’s stock valued at $2,168,000 after buying an additional 216 shares during the period. Finally, Advisors Capital Management LLC raised its holdings in Iron Mountain by 13.6% in the 1st quarter. Advisors Capital Management LLC now owns 4,612 shares of the financial services provider’s stock valued at $397,000 after buying an additional 553 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Iron Mountain

In related news, EVP Greg W. Mcintosh sold 8,398 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.14, for a total value of $807,383.72. Following the completion of the transaction, the executive vice president now owns 70,114 shares of the company’s stock, valued at $6,740,759.96. This represents a 10.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William L. Meaney sold 69,125 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $86.11, for a total transaction of $5,952,353.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,673 shares of company stock valued at $20,319,408. 1.90% of the stock is currently owned by corporate insiders.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th will be given a dividend of $0.785 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.14 annualized dividend and a yield of 3.06%. Iron Mountain’s dividend payout ratio is currently 765.85%.

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.