News stories about Iron Mountain (NYSE:IRM) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Iron Mountain earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.6029335239027 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of IRM traded down $0.65 during trading hours on Thursday, hitting $33.99. 1,801,512 shares of the stock were exchanged, compared to its average volume of 1,810,444. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.24 and a current ratio of 1.24. Iron Mountain has a 12-month low of $30.78 and a 12-month high of $41.53. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 15.96 and a beta of 0.82.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Iron Mountain had a return on equity of 14.96% and a net margin of 4.31%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. analysts predict that Iron Mountain will post 2.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be given a dividend of $0.5875 per share. This represents a $2.35 annualized dividend and a dividend yield of 6.91%. The ex-dividend date is Thursday, June 14th. Iron Mountain’s payout ratio is 110.33%.
A number of analysts have recently commented on IRM shares. Goldman Sachs Group started coverage on Iron Mountain in a research report on Tuesday, March 27th. They issued a “buy” rating and a $41.00 price objective for the company. ValuEngine upgraded Iron Mountain from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Stifel Nicolaus cut their price objective on Iron Mountain from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, February 20th. Finally, Zacks Investment Research cut Iron Mountain from a “buy” rating to a “hold” rating in a research report on Monday, April 30th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $41.20.
In related news, Director Clark H. Bailey sold 9,261 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $34.55, for a total transaction of $319,967.55. Following the completion of the sale, the director now directly owns 160,855 shares in the company, valued at $5,557,540.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.
About Iron Mountain
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 85 million square feet across more than 1,400 facilities in over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.
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