Iron Mountain (IRM) to Release Earnings on Thursday

Iron Mountain (NYSE:IRM) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Iron Mountain Price Performance

Iron Mountain stock opened at $101.29 on Wednesday. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.86 and a current ratio of 0.86. Iron Mountain has a 52-week low of $56.51 and a 52-week high of $101.84. The stock’s 50 day moving average price is $89.88 and its two-hundred day moving average price is $80.35. The stock has a market capitalization of $29.69 billion, a price-to-earnings ratio of 153.47, a PEG ratio of 5.83 and a beta of 0.98.

Iron Mountain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 17th were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $2.60 dividend on an annualized basis and a yield of 2.57%. Iron Mountain’s dividend payout ratio (DPR) is presently 393.95%.

Insiders Place Their Bets

In related news, Director Wendy J. Murdock sold 1,500 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $75.35, for a total transaction of $113,025.00. Following the sale, the director now owns 24,491 shares of the company’s stock, valued at approximately $1,845,396.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Iron Mountain news, EVP Deborah Marson sold 2,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $77.80, for a total value of $155,600.00. Following the transaction, the executive vice president now directly owns 63,286 shares in the company, valued at approximately $4,923,650.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wendy J. Murdock sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $75.35, for a total value of $113,025.00. Following the completion of the sale, the director now directly owns 24,491 shares in the company, valued at approximately $1,845,396.85. The disclosure for this sale can be found here. Insiders sold 100,553 shares of company stock worth $8,759,378 over the last quarter. 2.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

IRM has been the subject of several recent research reports. The Goldman Sachs Group upped their price objective on shares of Iron Mountain from $89.00 to $101.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Stifel Nicolaus increased their price target on Iron Mountain from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company boosted their price objective on Iron Mountain from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.17.

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.