Iron Mountain (NYSE:IRM) Issues FY 2025 Earnings Guidance

Key Points

• Iron Mountain has provided its FY 2025 earnings guidance, estimating earnings per share in the range of $5.040 to $5.130, significantly above the consensus estimate of $3.507.
• The company has announced a revenue guidance of $6.8 billion to $6.9 billion, aligning with the consensus revenue estimate of $6.8 billion.
• Iron Mountain is paying a quarterly dividend of $0.785 per share on October 3rd, yielding an annualized rate of 3.4% with an exceptionally high dividend payout ratio of 2,242.86%.

Iron Mountain (NYSE:IRM - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.040-5.130 for the period, compared to the consensus earnings per share estimate of 3.507. The company issued revenue guidance of $6.8 billion-$6.9 billion, compared to the consensus revenue estimate of $6.8 billion.

Iron Mountain Stock Performance

Shares of IRM traded up $1.87 during mid-day trading on Thursday, hitting $91.91. 3,008,939 shares of the company were exchanged, compared to its average volume of 1,859,018. The company has a 50 day moving average of $99.78 and a 200-day moving average of $95.02. Iron Mountain has a 1-year low of $72.33 and a 1-year high of $130.24. The stock has a market cap of $27.12 billion, a price-to-earnings ratio of 224.18 and a beta of 1.07.

Iron Mountain (NYSE:IRM - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.05. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. Iron Mountain had a negative return on equity of 201.62% and a net margin of 1.97%. Iron Mountain's revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. Research analysts anticipate that Iron Mountain will post 4.54 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Monday, September 15th will be paid a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a dividend yield of 3.4%. Iron Mountain's dividend payout ratio (DPR) is currently 2,242.86%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on IRM shares. Wall Street Zen raised Iron Mountain from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Barclays boosted their price objective on shares of Iron Mountain from $118.00 to $121.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $122.00.

Insider Buying and Selling at Iron Mountain

In other Iron Mountain news, Director Walter C. Rakowich sold 900 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $99.97, for a total transaction of $89,973.00. Following the completion of the transaction, the director owned 36,515 shares in the company, valued at approximately $3,650,404.55. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Greg W. Mcintosh sold 17,334 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $100.00, for a total transaction of $1,733,400.00. Following the sale, the executive vice president directly owned 35,446 shares in the company, valued at $3,544,600. This trade represents a 32.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 240,007 shares of company stock worth $23,543,507. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its stake 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 purchasing an additional 537 shares during the last quarter. Woodline Partners LP boosted its holdings in Iron Mountain by 41.0% during the 1st quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider's stock valued at $2,129,000 after acquiring an additional 7,193 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Iron Mountain by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider's stock worth $2,573,000 after acquiring an additional 1,286 shares during the last quarter. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

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.

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