Iron Mountain (IRM) Projected to Post Earnings on Thursday

Iron Mountain (NYSE:IRM - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $1.16 per share and revenue of $1.59 billion for the quarter. Iron Mountain has set its FY 2025 guidance at EPS.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.70). Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the business earned $0.52 earnings per share. On average, analysts expect Iron Mountain to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Iron Mountain Price Performance

IRM traded down $0.18 during trading hours on Tuesday, hitting $88.29. 1,397,413 shares of the stock were exchanged, compared to its average volume of 1,837,195. The stock has a market cap of $26.04 billion, a price-to-earnings ratio of 144.74, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. Iron Mountain has a 12 month low of $72.33 and a 12 month high of $130.24. The stock has a 50-day simple moving average of $85.89 and a 200-day simple moving average of $102.72.

Iron Mountain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a yield of 3.56%. This is a positive change from Iron Mountain's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 17th. Iron Mountain's payout ratio is presently 514.75%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IRM shares. StockNews.com raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Barclays reduced their target price on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Wells Fargo & Company dropped their price objective on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Truist Financial initiated coverage on shares of Iron Mountain in a report on Tuesday, April 8th. They issued a "buy" rating and a $95.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price target on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $121.29.

Insider Buying and Selling

In other news, CEO William L. Meaney sold 69,125 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $99.83, for a total transaction of $6,900,748.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William L. Meaney sold 172,552 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $91.33, for a total value of $15,759,174.16. Following the sale, the chief executive officer now owns 237,402 shares of the company's stock, valued at approximately $21,681,924.66. This represents a 42.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 318,973 shares of company stock valued at $29,370,872. 2.10% of the stock is owned by insiders.

About Iron Mountain

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.