Iron Mountain Q3 EPS Estimate Increased by Zacks Research

Iron Mountain Incorporated (NYSE:IRM - Free Report) - Research analysts at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for Iron Mountain in a report issued on Monday, June 23rd. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $1.28 per share for the quarter, up from their prior forecast of $1.26. 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 $1.37 EPS.

A number of other research firms have also issued reports on IRM. Truist Financial assumed coverage on shares of Iron Mountain in a research note on Tuesday, April 8th. They set a "buy" rating and a $95.00 target price for the company. Barclays boosted their price objective on Iron Mountain from $118.00 to $121.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Finally, Wall Street Zen upgraded Iron Mountain from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. One 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. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $121.71.

Iron Mountain Stock Performance

Shares of IRM traded down $2.48 during midday trading on Wednesday, hitting $102.77. 1,544,263 shares of the stock traded hands, compared to its average volume of 1,773,100. The business's 50 day moving average price is $96.25 and its two-hundred day moving average price is $96.56. The firm has a market capitalization of $30.32 billion, a PE ratio of 250.66 and a beta of 1.09. Iron Mountain has a 1-year low of $72.33 and a 1-year high of $130.24.

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

Institutional Investors Weigh In On Iron Mountain

Institutional investors and hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund boosted its stake in Iron Mountain by 0.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 25,159 shares of the financial services provider's stock valued at $2,644,000 after purchasing an additional 100 shares during the period. Whittier Trust Co. lifted its holdings in shares of Iron Mountain by 3.4% during the first quarter. Whittier Trust Co. now owns 3,265 shares of the financial services provider's stock worth $281,000 after buying an additional 108 shares during the last quarter. Belpointe Asset Management LLC boosted its position in shares of Iron Mountain by 1.6% in the fourth quarter. Belpointe Asset Management LLC now owns 7,250 shares of the financial services provider's stock valued at $821,000 after acquiring an additional 112 shares during the period. DoubleLine ETF Adviser LP grew its stake in shares of Iron Mountain by 0.5% in the fourth quarter. DoubleLine ETF Adviser LP now owns 21,064 shares of the financial services provider's stock worth $2,214,000 after acquiring an additional 114 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in Iron Mountain by 3.7% during the first quarter. Stratos Wealth Partners LTD. now owns 3,312 shares of the financial services provider's stock worth $285,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 80.13% of the company's stock.

Insiders Place Their Bets

In other Iron Mountain news, Director Walter C. Rakowich sold 900 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $99.97, for a total value of $89,973.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Greg W. Mcintosh sold 8,398 shares of Iron Mountain stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.14, for a total transaction of $807,383.72. Following the completion of the transaction, the executive vice president now directly owns 70,114 shares in the company, valued at $6,740,759.96. This represents a 10.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,673 shares of company stock worth $20,319,408 over the last ninety days. 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 Thursday, July 3rd. Investors of record on Monday, June 16th will be issued a dividend of $0.785 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.14 annualized dividend and a yield of 3.06%. Iron Mountain's payout ratio is 765.85%.

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.