Q3 EPS Estimates for Iron Mountain Raised by Zacks Research

Key Points

• Zacks Research has increased Iron Mountain's Q3 2026 earnings estimate to $1.19 per share, up from a prior forecast of $1.18.
• The latest quarterly earnings report revealed that Iron Mountain beat consensus estimates by $0.05, reporting $1.24 earnings per share for the quarter.
• Iron Mountain declared a quarterly dividend of $0.785 per share, representing an annualized yield of 3.4%.

Iron Mountain Incorporated (NYSE:IRM - Free Report) - Zacks Research increased their Q3 2026 EPS estimates for shares of Iron Mountain in a note issued to investors on Tuesday, September 2nd. Zacks Research analyst Team now expects that the financial services provider will earn $1.19 per share for the quarter, up from their prior estimate of $1.18. The consensus estimate for Iron Mountain's current full-year earnings is $4.54 per share. Zacks Research also issued estimates for Iron Mountain's Q4 2026 earnings at $1.29 EPS, FY2026 earnings at $4.73 EPS, Q2 2027 earnings at $1.31 EPS and FY2027 earnings at $5.29 EPS.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Iron Mountain from $112.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Barclays increased their price target on shares of Iron Mountain from $121.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $120.17.

Iron Mountain Stock Up 0.6%

Shares of IRM stock traded up $0.63 on Friday, reaching $97.30. The stock had a trading volume of 758,509 shares, compared to its average volume of 1,784,587. The firm's 50-day moving average is $95.11 and its two-hundred day moving average is $93.26. The firm has a market capitalization of $28.74 billion, a price-to-earnings ratio of 695.03 and a beta of 1.08. Iron Mountain has a 12 month low of $72.33 and a 12 month high of $130.24.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.05. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.68 billion. Iron Mountain had a net margin of 0.66% and a negative return on equity of 146.80%. Iron Mountain's quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 15th will be given a dividend of $0.785 per share. The ex-dividend date is Monday, September 15th. This represents a $3.14 annualized dividend and a dividend yield of 3.2%. Iron Mountain's dividend payout ratio (DPR) is currently 2,242.86%.

Insider Activity

In related news, EVP Greg W. Mcintosh sold 17,334 shares of the stock in a transaction that occurred 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 owned 35,446 shares in the company, valued at approximately $3,544,600. This trade represents a 32.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Kidd sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $91.05, for a total transaction of $546,300.00. Following the sale, the executive vice president owned 79,081 shares in the company, valued at $7,200,325.05. This represents a 7.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 236,709 shares of company stock worth $22,555,809. Insiders own 1.90% of the company's stock.

Institutional Trading of Iron Mountain

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Iron Mountain by 0.5% in the second quarter. Vanguard Group Inc. now owns 47,064,887 shares of the financial services provider's stock valued at $4,827,445,000 after buying an additional 239,153 shares in the last quarter. State Street Corp boosted its position in Iron Mountain by 0.6% in the second quarter. State Street Corp now owns 16,809,643 shares of the financial services provider's stock valued at $1,737,002,000 after buying an additional 104,524 shares in the last quarter. Invesco Ltd. boosted its position in Iron Mountain by 50.6% in the second quarter. Invesco Ltd. now owns 4,289,583 shares of the financial services provider's stock valued at $439,983,000 after buying an additional 1,440,629 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Iron Mountain by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,256,417 shares of the financial services provider's stock valued at $366,210,000 after buying an additional 37,154 shares in the last quarter. Finally, Norges Bank acquired a new stake in Iron Mountain in the second quarter valued at approximately $419,457,000. Institutional investors and hedge funds own 80.13% of the company's stock.

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.