Iron Mountain Inc (IRM) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Iron Mountain Inc (IRM) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.47 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.52. The company posted revenue of $884.00 million in the period, compared to analysts expectations of $884.45 million. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Iron Mountain Inc closed down -0.54 points or -1.32% at $40.48 with 10,97,860 shares getting traded on Tusday. Post opening the session at $40.89, the shares hit an intraday low of $40.26 and an intraday high of $41.23 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Investors should note that on Jul 27, 2016, Iron Mountain Inc announced a cash dividend of $0.4850. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 14, 2016.

In a different news, on Jul 6, 2016, Anastasios Tsolakis (EVP, CIO, Global Svcs. Officer) sold 7,364 shares at $40.00 per share price. According to the SEC, on Jul 6, 2016, Edward Bicks (Sr.VP & Chief Strategy Officer) sold 1,459 shares at $40.25 per share price. On Jul 6, 2016, Ernest W Cloutier (EVP, Gen. Counsel, Secretary) sold 134,462 shares at $39.91 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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