Q2 EPS Estimates for Iron Mountain Reduced by Zacks Research

Iron Mountain Incorporated (NYSE:IRM - Free Report) - Stock analysts at Zacks Research reduced their Q2 2025 earnings estimates for Iron Mountain in a research report issued on Monday, June 23rd. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $1.08 per share for the quarter, down from their prior estimate of $1.09. 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 Q1 2026 earnings at $1.20 EPS, Q2 2026 earnings at $1.21 EPS, FY2026 earnings at $5.06 EPS and FY2027 earnings at $5.64 EPS.

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

IRM has been the subject of a number of other reports. Wall Street Zen upgraded shares of Iron Mountain from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Barclays lifted their target price on shares of Iron Mountain from $118.00 to $121.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Finally, Truist Financial began coverage on shares of Iron Mountain in a research note on Tuesday, April 8th. They issued a "buy" rating and a $95.00 target price for the company. One equities 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, the stock currently has a consensus rating of "Buy" and a consensus price target of $121.71.

Iron Mountain Trading Up 1.4%

NYSE IRM traded up $1.44 during trading on Thursday, reaching $102.35. The company's stock had a trading volume of 5,698,153 shares, compared to its average volume of 1,798,701. The stock has a market capitalization of $30.20 billion, a PE ratio of 249.62 and a beta of 1.09. The business has a 50-day moving average price of $97.35 and a 200-day moving average price of $96.44. Iron Mountain has a 1-year low of $72.33 and a 1-year high of $130.24.

Iron Mountain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th will be paid a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Monday, June 16th. Iron Mountain's payout ratio is 765.85%.

Insider Transactions at Iron Mountain

In other news, Director Walter C. Rakowich sold 900 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $99.97, for a total value of $89,973.00. Following the completion of the sale, the director now directly owns 36,515 shares in the company, valued at approximately $3,650,404.55. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William L. Meaney sold 69,125 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $96.09, for a total transaction of $6,642,221.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 216,673 shares of company stock worth $20,319,408. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors and hedge funds have recently bought and sold shares of IRM. Wealthfront Advisers LLC increased its position in Iron Mountain by 9,843.3% during the fourth quarter. Wealthfront Advisers LLC now owns 6,864,832 shares of the financial services provider's stock worth $721,562,000 after acquiring an additional 6,795,792 shares during the period. Norges Bank bought a new position in Iron Mountain during the fourth quarter worth $348,249,000. Nuveen LLC bought a new position in Iron Mountain during the first quarter worth $192,231,000. Northern Trust Corp increased its position in Iron Mountain by 56.1% during the fourth quarter. Northern Trust Corp now owns 4,326,476 shares of the financial services provider's stock worth $454,756,000 after acquiring an additional 1,554,746 shares during the period. Finally, Contour Asset Management LLC bought a new position in Iron Mountain during the first quarter worth $122,801,000. Institutional investors 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.