Iron Mountain FY2027 EPS Forecast Lowered by Zacks Research

Iron Mountain Incorporated (NYSE:IRM) – Investment analysts at Zacks Research dropped their FY2027 earnings estimates for Iron Mountain in a research note issued to investors on Thursday, March 27th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $5.60 per share for the year, down from their prior forecast of $5.71. The consensus estimate for Iron Mountain’s current full-year earnings is $4.54 per share.

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Iron Mountain from $125.00 to $112.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Barclays reduced their target price on shares of Iron Mountain from $130.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Wells Fargo & Company lowered 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 downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.67.

Iron Mountain Trading Up 1.2 %

Iron Mountain stock opened at $86.14 on Monday. The company has a market capitalization of $25.30 billion, a price-to-earnings ratio of 141.21, a PEG ratio of 5.15 and a beta of 1.04. Iron Mountain has a 12 month low of $73.53 and a 12 month high of $130.24. The stock’s 50 day moving average is $94.51 and its 200-day moving average is $108.10.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.70). The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. During the same period in the previous year, the firm posted $0.52 EPS.

Iron Mountain Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a dividend of $0.785 per share. This is a boost from Iron Mountain’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.14 annualized dividend and a yield of 3.65%. Iron Mountain’s dividend payout ratio is currently 514.75%.

Insiders Place Their Bets

In other Iron Mountain news, CAO Daniel Borges sold 6,433 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total transaction of $597,239.72. Following the completion of the transaction, the chief accounting officer now directly owns 288 shares in the company, valued at $26,737.92. The trade was a 95.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mithu Bhargava sold 1,738 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $161,355.92. Following the completion of the sale, the executive vice president now directly owns 13,054 shares in the company, valued at approximately $1,211,933.36. This represents a 11.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 318,979 shares of company stock worth $30,666,904 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Iron Mountain

Several institutional investors and hedge funds have recently modified their holdings of IRM. Wealth Enhancement Advisory Services LLC raised its stake in Iron Mountain by 23.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,874 shares of the financial services provider’s stock worth $5,453,000 after acquiring an additional 9,937 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in Iron Mountain during the 4th quarter worth approximately $10,217,000. Comprehensive Money Management Services LLC bought a new position in Iron Mountain in the 4th quarter valued at approximately $1,499,000. Park Square Financial Group LLC acquired a new stake in Iron Mountain in the fourth quarter valued at approximately $314,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Iron Mountain during the fourth quarter worth $39,687,000. 80.13% of the stock is currently owned by institutional investors.

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.