Iron Mountain (IRM) to Release Earnings on Thursday

Iron Mountain (NYSE:IRM) will post 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.48). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.45 billion. Iron Mountain had a return on equity of 178.02% and a net margin of 5.44%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. 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 Stock Up 2.1 %

NYSE:IRM opened at $78.19 on Thursday. The firm has a market cap 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 company has a debt-to-equity ratio of 55.78, a quick ratio of 0.78 and a current ratio of 0.78. Iron Mountain has a fifty-two week low of $52.81 and a fifty-two week high of $82.19. The firm has a 50-day simple moving average of $77.10 and a two-hundred day simple moving average of $69.11.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were paid a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a yield of 3.33%. Iron Mountain’s dividend payout ratio is currently 412.70%.

Insiders Place Their Bets

In related news, EVP Deborah Marson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $67.43, for a total transaction of $134,860.00. Following the completion of the transaction, the executive vice president now directly owns 48,026 shares in the company, valued at approximately $3,238,393.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $68.24, for a total value of $1,083,310.00. Following the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at $20,175,156. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah Marson sold 2,000 shares of the 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 sale, the executive vice president now directly owns 48,026 shares in the company, valued at approximately $3,238,393.18. The disclosure for this sale can be found here. Insiders sold 164,124 shares of company stock valued at $12,698,221 in the last three months. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Iron Mountain Company Profile

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.