Iron Mountain (IRM) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Iron Mountain (IRM) will release its Q2 2025 earnings on August 6th, with analysts expecting earnings of $1.19 per share and revenue of $1.68 billion.
• The company declared a quarterly dividend of $0.785 per share, resulting in an annualized dividend yield of 3.17%.
• Analysts maintain a consensus rating of "Buy" for Iron Mountain, with a consensus price target of $121.71.

Iron Mountain (NYSE:IRM - Get Free Report) is expected to release its Q2 2025 earnings data before the market opens on Wednesday, August 6th. Analysts expect Iron Mountain to post earnings of $1.19 per share and revenue of $1.68 billion for the quarter.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.01. The firm had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.59 billion. Iron Mountain had a negative return on equity of 201.62% and a net margin of 1.97%. The company's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. 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 Stock Performance

Shares of NYSE IRM traded down $2.22 during midday trading on Friday, hitting $95.15. 196,686 shares of the stock traded hands, compared to its average volume of 1,827,054. The firm has a 50-day moving average of $100.03 and a two-hundred day moving average of $95.39. The firm has a market capitalization of $28.07 billion, a P/E ratio of 232.07 and a beta of 1.08. Iron Mountain has a one year low of $72.33 and a one year high of $130.24.

Analysts Set New Price Targets

IRM has been the topic of several research analyst reports. Truist Financial initiated coverage on Iron Mountain in a report on Tuesday, April 8th. They set a "buy" rating and a $95.00 price target on the stock. Barclays raised their target price on Iron Mountain from $118.00 to $121.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. Finally, Wall Street Zen raised Iron Mountain from a "sell" rating to a "hold" rating in a report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $121.71.

Insiders Place Their Bets

In other news, CEO William L. Meaney sold 69,125 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $100.36, for a total transaction of $6,937,385.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $102.02, for a total value of $612,120.00. Following the completion of the sale, the executive vice president directly owned 91,081 shares in the company, valued at $9,292,083.62. This trade represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 170,882 shares of company stock valued at $17,007,738 in the last ninety days. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Iron Mountain

Several large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Iron Mountain by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider's stock worth $2,573,000 after purchasing an additional 1,286 shares during the last quarter. Woodline Partners LP grew its position in Iron Mountain by 41.0% in the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider's stock worth $2,129,000 after acquiring an additional 7,193 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Iron Mountain by 10.3% in the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider's stock worth $493,000 after acquiring an additional 537 shares in the last quarter. 80.13% of the stock is owned by institutional investors.

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.