Iron Mountain Stock Forecast, Price & News

Iron Mountain's stock was trading at $29.95 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IRM stock has increased by 0.2% and is now trading at $30.02.
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3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iron Mountain in the last year. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Iron Mountain stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IRM, but not buy additional shares or sell existing shares.
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Iron Mountain is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for Iron Mountain.

Iron Mountain Incorporated (NYSE:IRM) issued its earnings results on Thursday, November, 5th. The financial services provider reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.55 by $0.24. The financial services provider had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $992.08 million. Iron Mountain had a net margin of 3.19% and a return on equity of 23.61%. The company's revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share.
View Iron Mountain's earnings history.

Iron Mountain declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.6185 per share on Wednesday, January 6th. This represents a $2.47 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend is Monday, December 14th.
View Iron Mountain's dividend history.

Iron Mountain pays an annual dividend of $2.47 per share and currently has a dividend yield of 8.70%. IRM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Iron Mountain does not yet have a strock track record of dividend growth. The dividend payout ratio of Iron Mountain is 107.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Iron Mountain will have a dividend payout ratio of 96.11% in the coming year. This indicates that Iron Mountain may not be able to sustain their current dividend.
View Iron Mountain's dividend history.

3 brokerages have issued 1 year target prices for Iron Mountain's shares. Their forecasts range from $17.00 to $40.00. On average, they expect Iron Mountain's share price to reach $31.00 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
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Some companies that are related to Iron Mountain include Cintas (CTAS), Copart (CPRT), UniFirst (UNF), KAR Auction Services (KAR), Healthcare Services Group (HCSG), McGrath RentCorp (MGRC), Viad (VVI) and Performant Financial (PFMT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Iron Mountain investors own include The Home Depot (HD), AT&T (T), StoneMor (STON), AbbVie (ABBV), Enterprise Products Partners (EPD), Kinder Morgan (KMI), Verizon Communications (VZ), Exxon Mobil (XOM), Altria Group (MO) and Cisco Systems (CSCO).

Iron Mountain trades on the New York Stock Exchange (NYSE) under the ticker symbol "IRM."

Iron Mountain's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.04%), Woodstock Corp (0.04%), Brookstone Capital Management (0.03%), TRUE Private Wealth Advisors (0.03%), MADDEN SECURITIES Corp (0.02%) and Raymond James Trust N.A. (0.01%). Company insiders that own Iron Mountain stock include Clark H Bailey, Daniel Borges, Edward Bicks, Ernest W Cloutier, Fidelma Russo, Jennifer Allerton, John Tomovcsik, Pamela M Arway, Patrick J Keddy, Stuart B Brown, Theodore Maclean, Walter C Rakowich and William L Meaney.
View institutional ownership trends for Iron Mountain.

IRM stock was sold by a variety of institutional investors in the last quarter, including Rowland Carmichael Advisors Inc. ADV, Monument Capital Management, First Hawaiian Bank, State of Alaska Department of Revenue, TRUE Private Wealth Advisors, and Raymond James Trust N.A.. Company insiders that have sold Iron Mountain company stock in the last year include Clark H Bailey, Daniel Borges, Jennifer Allerton, John Tomovcsik, and Pamela M Arway.
View insider buying and selling activity for Iron Mountain or view top insider-selling stocks.

IRM stock was bought by a variety of institutional investors in the last quarter, including Breiter Capital Management Inc., MADDEN SECURITIES Corp, Brookstone Capital Management, Woodstock Corp, Carroll Financial Associates Inc., IFM Investors Pty Ltd, Louisiana State Employees Retirement System, and Patriot Financial Group Insurance Agency LLC.
View insider buying and selling activity for Iron Mountain or or view top insider-buying stocks.

Shares of IRM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of IRM stock can currently be purchased for approximately $30.02.

Iron Mountain has a market capitalization of $8.65 billion and generates $4.26 billion in revenue each year. The financial services provider earns $267.38 million in net income (profit) each year or $2.29 on an earnings per share basis. Iron Mountain employs 26,750 workers across the globe.

The official website for Iron Mountain is www.ironmountain.com.

Iron Mountain's mailing address is ONE FEDERAL STREET, BOSTON MA, 02110. The financial services provider can be reached via phone at 617-535-4766 or via email at [email protected]