Iron Mountain Q3 EPS Estimate Increased 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) - Research analysts at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for Iron Mountain in a research 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 forecast 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.

Several other research firms have also issued reports on IRM. Barclays raised their price objective on Iron Mountain from $121.00 to $122.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. dropped their price objective on Iron Mountain from $112.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $120.17.

Iron Mountain Stock Performance

NYSE:IRM traded up $1.04 during trading hours on Friday, reaching $92.12. The stock had a trading volume of 1,071,071 shares, compared to its average volume of 1,174,613. The stock has a market capitalization of $27.21 billion, a PE ratio of 658.05 and a beta of 1.08. Iron Mountain has a 52 week low of $72.33 and a 52 week high of $130.24. The company has a 50 day moving average price of $95.38 and a two-hundred day moving average price of $93.23.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cranbrook Wealth Management LLC acquired a new stake in Iron Mountain in the first quarter valued at $26,000. Financial Network Wealth Advisors LLC acquired a new stake in Iron Mountain during the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC acquired a new stake in Iron Mountain during the 1st quarter worth approximately $30,000. Ramirez Asset Management Inc. acquired a new position in Iron Mountain during the 1st quarter worth approximately $34,000. Finally, Wayfinding Financial LLC acquired a new position in Iron Mountain during the 1st quarter worth approximately $37,000. 80.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Greg W. Mcintosh sold 17,334 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $100.00, for a total value of $1,733,400.00. Following the completion of the sale, the executive vice president owned 35,446 shares of the company's stock, valued at approximately $3,544,600. This trade represents a 32.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William L. Meaney sold 69,125 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $89.56, for a total value of $6,190,835.00. The disclosure for this sale can be found here. Insiders sold a total of 236,709 shares of company stock worth $22,555,809 in the last three months. Company insiders own 1.90% of the company's stock.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 15th will be issued a dividend of $0.785 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.4%. Iron Mountain's dividend payout ratio is presently 2,242.86%.

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.