FY2025 EPS Estimate for Iron Mountain Increased by Analyst

Iron Mountain Incorporated (NYSE:IRM) – Equities researchers at Zacks Research raised their FY2025 earnings estimates for shares of Iron Mountain in a research note issued to investors on Tuesday, October 15th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $4.47 for the year, up from their prior estimate of $4.41. The consensus estimate for Iron Mountain’s current full-year earnings is $4.17 per share.

A number of other research firms have also recently commented on IRM. JPMorgan Chase & Co. lifted their target price on shares of Iron Mountain from $82.00 to $121.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Barclays lifted their target price on shares of Iron Mountain from $91.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus raised their price target on shares of Iron Mountain from $117.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Iron Mountain from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.50.

Iron Mountain Stock Up 1.0 %

IRM stock opened at $125.74 on Thursday. The firm has a 50 day moving average of $115.43 and a 200 day moving average of $96.71. The stock has a market capitalization of $36.86 billion, a PE ratio of 190.52, a price-to-earnings-growth ratio of 7.22 and a beta of 1.00. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 674.63. Iron Mountain has a 52 week low of $57.36 and a 52 week high of $125.81.

Iron Mountain (NYSE:IRM) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.59). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. Iron Mountain had a return on equity of 595.44% and a net margin of 3.94%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share.

Institutional Investors Weigh In On Iron Mountain

Several institutional investors and hedge funds have recently added to or reduced their stakes in IRM. Fisher Asset Management LLC acquired a new position in shares of Iron Mountain during the 4th quarter valued at about $271,000. PNC Financial Services Group Inc. boosted its position in shares of Iron Mountain by 1.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 48,996 shares of the financial services provider’s stock valued at $3,429,000 after acquiring an additional 748 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Iron Mountain during the 4th quarter valued at about $97,000. GAMMA Investing LLC boosted its position in shares of Iron Mountain by 15.8% during the 1st quarter. GAMMA Investing LLC now owns 1,806 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 247 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Iron Mountain during the 1st quarter valued at about $191,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Insider Activity

In related news, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Monday, October 7th. The shares were sold at an average price of $117.36, for a total value of $1,863,090.00. Following the sale, the chief executive officer now owns 295,650 shares of the company’s stock, valued at approximately $34,697,484. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO John Tomovcsik sold 1,000 shares of Iron Mountain stock in a transaction on Monday, August 19th. The shares were sold at an average price of $110.00, for a total value of $110,000.00. Following the sale, the chief operating officer now owns 14,000 shares of the company’s stock, valued at approximately $1,540,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 15,875 shares of Iron Mountain stock in a transaction on Monday, October 7th. The shares were sold at an average price of $117.36, for a total transaction of $1,863,090.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $34,697,484. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,503 shares of company stock valued at $3,511,505 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Iron Mountain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 2.27%. This is a positive change from Iron Mountain’s previous quarterly dividend of $0.65. The ex-dividend date was Monday, September 16th. Iron Mountain’s payout ratio is 433.33%.

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.