Zacks Research Forecasts Weaker Earnings for Iron Mountain

Iron Mountain Incorporated (NYSE:IRM - Free Report) - Stock analysts at Zacks Research dropped their Q2 2025 earnings per share estimates for shares of Iron Mountain in a research note issued on Thursday, May 15th. 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 previous estimate of $1.10. The consensus estimate for Iron Mountain's current full-year earnings is $4.54 per share.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.17 EPS for the quarter, topping the consensus estimate 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 negative return on equity of 401.83% and a net margin of 2.95%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS.

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

Iron Mountain Price Performance

Shares of NYSE:IRM opened at $100.69 on Monday. The company has a market capitalization of $29.71 billion, a price-to-earnings ratio of 165.06, a P/E/G ratio of 5.15 and a beta of 1.08. The business's 50-day moving average is $87.89 and its 200-day moving average is $99.97. Iron Mountain has a 1 year low of $72.33 and a 1 year high of $130.24.

Iron Mountain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th will be issued a $0.785 dividend. This represents a $3.14 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Monday, June 16th. Iron Mountain's dividend payout ratio is presently 765.85%.

Insider Activity

In other news, CEO William L. Meaney sold 69,125 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $96.09, for a total value of $6,642,221.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction, the chief accounting officer now directly owns 288 shares of the company's stock, valued at approximately $26,737.92. This trade represents a 95.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 318,973 shares of company stock valued at $29,112,345 over the last three months. Corporate insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On Iron Mountain

Several institutional investors and hedge funds have recently bought and sold shares of IRM. Key Financial Inc grew its holdings in Iron Mountain by 25,100.0% during the fourth quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 251 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Iron Mountain during the fourth quarter worth $26,000. IMG Wealth Management Inc. purchased a new stake in shares of Iron Mountain during the fourth quarter worth $26,000. Cranbrook Wealth Management LLC purchased a new stake in shares of Iron Mountain during the first quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC purchased a new stake in shares of Iron Mountain during the first quarter worth $26,000. 80.13% of the stock is owned by institutional investors.

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.

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