Press coverage about Iron Mountain (NYSE:IRM) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Iron Mountain earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.9433680170695 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s analysis:
- Iron Mountain Incorporated (IRM) Raised to “Hold” at Zacks Investment Research (americanbankingnews.com)
- BRIEF-Iron Mountain announces conditional redemption of 6.125 pct GBP Senior Notes due 2022 (feeds.reuters.com)
- Iron Mountain Incorporated Announces UK Debt Offering – PR Newswire (press release) (prnewswire.com)
- Iron Mountain Announces Conditional Redemption of 6.125% GBP Senior Notes due 2022 – PR Newswire (press release) (prnewswire.com)
Shares of Iron Mountain (IRM) opened at $40.12 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59. The stock has a market capitalization of $10,709.51, a PE ratio of 19.29, a P/E/G ratio of 6.26 and a beta of 1.02. Iron Mountain has a 12 month low of $30.75 and a 12 month high of $41.17.
Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The business had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $960.99 million. Iron Mountain had a return on equity of 15.49% and a net margin of 5.54%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. analysts predict that Iron Mountain will post 2.14 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.5875 per share. This represents a $2.35 annualized dividend and a yield of 5.86%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, December 14th. Iron Mountain’s payout ratio is presently 275.00%.
Several analysts recently issued reports on the company. BidaskClub cut Iron Mountain from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research cut Iron Mountain from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Stifel Nicolaus reissued a “buy” rating and issued a $43.00 target price (up from $40.00) on shares of Iron Mountain in a research note on Friday, October 20th. Robert W. Baird set a $39.00 target price on Iron Mountain and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, Evercore ISI assumed coverage on Iron Mountain in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $41.20.
In other Iron Mountain news, EVP Theodore Maclean sold 1,500 shares of Iron Mountain stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $38.13, for a total transaction of $57,195.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John Tomovcsik sold 29,450 shares of Iron Mountain stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $38.00, for a total value of $1,119,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,329 shares of company stock worth $2,969,441. Insiders own 1.50% of the company’s stock.
Iron Mountain Company Profile
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
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