FY2026 EPS Estimates for Iron Mountain Cut by Zacks Research

Iron Mountain Incorporated (NYSE:IRM - Free Report) - Investment analysts at Zacks Research lowered their FY2026 earnings per share estimates for Iron Mountain in a research report issued to clients and investors on Monday, April 28th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $4.89 per share for the year, down from their previous forecast of $4.90. 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 2027 earnings at $1.26 EPS and FY2027 earnings at $5.53 EPS.

Iron Mountain (NYSE:IRM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.16 by $0.01. Iron Mountain had a net margin of 2.95% and a negative return on equity of 401.83%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. The company's revenue was up 7.9% compared to the same quarter last year.

A number of other analysts have also weighed in on the stock. Truist Financial initiated coverage on shares of Iron Mountain in a report on Tuesday, April 8th. They set a "buy" rating and a $95.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on Iron Mountain from $125.00 to $112.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Barclays reduced their price objective on Iron Mountain from $130.00 to $118.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company reduced their price target on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, StockNews.com raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $121.29.

Iron Mountain Price Performance

Shares of Iron Mountain stock traded up $3.78 during trading hours on Tuesday, reaching $95.63. The company had a trading volume of 2,497,499 shares, compared to its average volume of 1,840,649. The business has a fifty day simple moving average of $85.86 and a 200 day simple moving average of $102.43. The firm has a market cap of $28.21 billion, a PE ratio of 156.76, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. Iron Mountain has a one year low of $72.33 and a one year high of $130.24.

Institutional Investors Weigh In On Iron Mountain

Several large investors have recently bought and sold shares of the business. Wealthfront Advisers LLC grew its position in Iron Mountain by 9,843.3% in the 4th quarter. Wealthfront Advisers LLC now owns 6,864,832 shares of the financial services provider's stock worth $721,562,000 after purchasing an additional 6,795,792 shares during the period. Northern Trust Corp grew its holdings in shares of Iron Mountain by 56.1% in 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. Dimensional Fund Advisors LP lifted its holdings in Iron Mountain by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,219,263 shares of the financial services provider's stock valued at $443,476,000 after acquiring an additional 15,097 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Iron Mountain by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,478,790 shares of the financial services provider's stock worth $365,656,000 after purchasing an additional 92,475 shares during the period. Finally, Norges Bank bought a new stake in Iron Mountain during the fourth quarter valued at approximately $348,249,000. 80.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO William L. Meaney sold 69,125 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $86.11, for a total value of $5,952,353.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Daniel Borges sold 6,433 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $597,239.72. Following the sale, the chief accounting officer now owns 288 shares in the company, valued at approximately $26,737.92. This represents a 95.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 318,973 shares of company stock worth $29,370,872. 2.10% of the stock is currently owned by corporate insiders.

Iron Mountain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th will be issued a $0.785 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $3.14 annualized dividend and a yield of 3.28%. Iron Mountain's dividend payout ratio (DPR) is presently 514.75%.

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.