The Iron Mountain Inc. (IRM) Increases Dividend to $0.55 Per Share

The company earned $883.70 million during the quarter, compared to analyst estimates of $884.46 million. The value in dollars decreased from $1,357,000 to $1,118,000 a change of 17.6% since the last quarter.

Several equities research analysts recently issued reports on the stock.

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Taking a look at valuation rankings for IMF Bentham Limited (ASX:IMF), we see that the stock has a Value Composite score of 60. This formula is calculated by 5 year average Return on Invested Capital (ROIC) / Standard Deviation of the 5 year ROIC.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Tuesday, October 24th. 0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. $50,918 worth of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) was sold by Bicks Edward on Monday, June 5. The company had revenue of $966.00 million for the quarter, compared to the consensus estimate of $960.99 million. During the same quarter past year, the company earned $0.44 EPS. Continental Building Products had 23 analyst reports since August 23, 2015 according to SRatingsIntel.

Among 9 analysts covering Continental Building Products (NYSE:CBPX), 4 have Buy rating, 0 Sell and 5 Hold. If the $42.69 price target is reached, the company will be worth $437.60 million more. Finally, Stifel Nicolaus reiterated a buy rating and issued a $43.00 price target (up previously from $40.00) on shares of Iron Mountain in a research note on Friday, October 20th. Robert W. Baird raised their price target on shares of Iron Mountain from $39.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. The mean 12-month price target for the shares is US$41.

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The technology company reported $0.30 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.04. Morgan Stanley raised the price target on October 13 boosting the projection from $23.00 to $25.00 with a rating of "Overweight".

Shares of Iron Mountain (NYSE:IRM) traded up $0.33 during mid-day trading on Tuesday, reaching $40.99. The stock had a trading volume of 932,000 shares, compared to its average volume of 1,095,840. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $8.88 billion, a P/E ratio of 95.55 and a beta of 0.70. Iron Mountain has a one year low of $30.75 and a one year high of $41.17.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a dividend of $0.5875 per share. This represents a $2.35 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Iron Mountain's previous quarterly dividend of $0.55. The SI to Iron Mountain Incorporated's float is 8.14%. $54,553 worth of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) shares were sold by RAKOWICH WALTER C. 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 document filed with the SEC, which is available at the SEC website. Also, EVP Theodore Maclean sold 1,500 shares of Iron Mountain stock in a transaction on Monday, October 9th. It improved, as 32 investors sold Iron Mountain Incorporated (Delaware) REIT shares while 91 reduced holdings. Hsbc Public Ltd Company owns 188,891 shares for 0.01% of their portfolio. The disclosure for this sale can be found here. State Street Corp now owns 10,111,107 shares of the company's stock worth $402,723,000 after buying an additional 1,786,266 shares in the last quarter. Company insiders own 1.50% of the company's stock.

Eicher Motors Q2 net profit jumps 25% YoY
Standalone net profit increased 22.8 percent year-on-year to Rs 486.4 crore, aided by revenue and operating income. At 14:02 hours IST, the stock price was quoting at Rs 30,067.95, down Rs 493.90, or 1.62 percent on the BSE.

Another recent and important Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) news was published by which published an article titled: "VF Corp (VFC) Leads 6 Dividend Stocks Boosting Payouts" on October 28, 2017. Vanguard Group Inc. raised its holdings in shares of Iron Mountain by 0.3% during the 2nd quarter. As of the end of the quarter Wasatch Advisors Inc had disposed of 10,775 shares trimming its holdings by 27.3%. Short shares fell 941,376 over that period. Sun Life Financial invested in 11,007 shares or 0.04% of the stock. Its stake was valued at $3,242,000 an increase of $150,000 as of quarter end. Creative Planning lifted its position in Iron Mountain by 4.6% during the second quarter. Penserra Capital Management LLC now owns 6,019 shares of the financial services provider's stock worth $206,000 after acquiring an additional 422 shares during the period. The company's institutional ownership is monitored at 98.2 percent. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and global copyright and trademark law. The Company offers records management services, data protection and recovery services and information destruction services.

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