Mobile Mini Inc (MINI) is Downgraded by Sun Trust Rbsn Humphrey to Neutral

Mobile Mini Inc (MINI) was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sun Trust Rbsn Humphrey advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Mobile Mini Inc. Shares were Reiterated by Needham on Mar 7, 2016 to “Buy” and Lowered the Price Target to $ 37 from a previous price target of $45 .Shares were Reiterated by Oppenheimer on Feb 8, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $41 .

On the company’s financial health, Mobile Mini Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 5, 2016. Analyst had a consensus of $0.39. The company had revenue of $134.51 million for the quarter, compared to analysts expectations of $136.50 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Mobile Mini Inc closed down -0.22 points or -0.64% at $34.39 with 92,800 shares getting traded on Monday. Post opening the session at $34.33, the shares hit an intraday low of $34.03 and an intraday high of $34.759 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Feb 11, 2016, Stephen A Mcconnell (director) purchased 1,000 shares at $25.00 per share price. According to the SEC, on Dec 15, 2015, Michael L Watts (director) purchased 15,386 shares at $31.46 per share price. On Aug 21, 2015, Kelly M Williams (Executive V.P. Operations) purchased 1,500 shares at $33.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Mobile Mini Inc. is a provider of portable storage solutions. The Company’s business comprises of two product categories which include portable storage solutions and specialty containment solutions. Portable storage solutions consist of container and office product offerings. The Company offers a range of portable storage products with features such as locking systems doors electrical wiring and shelving. Its portable storage includes steel storage containers steel security office and steel combination offices and wood mobile offices. The specialty containment products are offered through Evergreen Tank Solutions to the customers through 24 locations in North America and consist of liquid and solid containment units pumps and filtration equipment. The Company’s fleet of steel tanks offers acid steel tanks gas buster steel tanks and open top steel tanks. Additionally it provides an offering to its customers of value-added services for managing liquid and solid waste.

Mobile Mini Inc

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