Iron Mountain Inc (IRM) Releases Earnings Results, Beats Expectations By $0.01 EPS

Iron Mountain Inc (IRM) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.50. The company posted revenue of $750.69 million in the period, compared to analysts expectations of $759.86 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Iron Mountain Inc. Stifel Upgraded Iron Mountain Inc on Apr 18, 2016 to ” Buy”, Price Target of the shares are set at $39.

Iron Mountain Inc opened for trading at $35.97 and hit $36.275 on the upside on Wednesday, eventually ending the session at $36.02, with a gain of 0.14% or 0.05 points. The heightened volatility saw the trading volume jump to 22,89,625 shares. Company has a market cap of $7,619 M.

In a different news, on Apr 20, 2016, Marc A Duale (President Iron Mountain Int’l) sold 43,802 shares at $35.01 per share price. According to the SEC, on Feb 24, 2016, Eileen Sweeney (Sr.VP,and GM,Data Management) sold 1,232 shares at $29.26 per share price. On Mar 11, 2015, Anne S Drapeau (EVP, Strategy and Talent) sold 5,090 shares at $36.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Iron Mountain Inc. is a holding company which stores records primarily paper documents and data backup media and provide information management services. The Company has five segments: North American Records and Information Management Business North American Data Management Business Western European Business Other International Business and Corporate and Other Business. It offers records and information management services and data management services. Its customer base includes commercial legal banking healthcare accounting insurance entertainment and government organizations. As of December 31 2014 the Company’s courier fleet consisted of approximately 3600 owned or leased vehicles. Its other services include secure shredding document management solutions (DMS) compliant records management and consulting services health information storage and management solutions entertainment services energy data services discovery services and other ancillary services.

Iron Mountain Inc

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