Mobile Mini Inc to Issue Dividend of $0.28 (NASDAQ:MINI)

Mobile Mini Inc (NASDAQ:MINI) declared a dividend on Thursday, October 31st, Fidelity reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 0.275 per share by the industrial products company on Wednesday, November 27th. The ex-dividend date of this dividend is Tuesday, November 12th.

Shares of MINI opened at $38.10 on Friday. Mobile Mini has a twelve month low of $29.02 and a twelve month high of $42.99. The firm’s 50 day moving average price is $36.94 and its two-hundred day moving average price is $33.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.15 and a current ratio of 0.16. The firm has a market cap of $1.70 billion, a P/E ratio of 23.23, a PEG ratio of 1.45 and a beta of 1.58.

Mobile Mini (NASDAQ:MINI) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. Mobile Mini had a net margin of 11.23% and a return on equity of 10.31%. The business had revenue of $153.52 million during the quarter, compared to analysts’ expectations of $158.14 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. Mobile Mini’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Mobile Mini will post 1.91 earnings per share for the current fiscal year.

MINI has been the subject of several research analyst reports. Credit Suisse Group lowered their target price on Mobile Mini from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. TheStreet raised Mobile Mini from a “c+” rating to a “b” rating in a research note on Thursday, October 31st. Sidoti boosted their target price on Mobile Mini from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Robert W. Baird set a $41.00 target price on Mobile Mini and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Oppenheimer set a $42.00 target price on Mobile Mini and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.00.

Mobile Mini Company Profile

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 & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices serving construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes, and households for application in the storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods.

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Dividend History for Mobile Mini (NASDAQ:MINI)

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