Analysts Estimate Report : What to Look Out for Iron Mountain (NYSE:IRM)

Earnings results for Iron Mountain (NYSE:IRM)

Iron Mountain Incorporated is expected* to report earnings on 02/24/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.6. The reported EPS for the same quarter last year was $0.65.

Analyst Opinion on Iron Mountain (NYSE:IRM)

1 Wall Street analysts have issued ratings and price targets for Iron Mountain in the last 12 months. Their average twelve-month price target is $17.00, predicting that the stock has a possible downside of 47.16%. The high price target for IRM is $17.00 and the low price target for IRM is $17.00. There are currently 1 sell rating for the stock, resulting in a consensus rating of “Sell.”

Iron Mountain has received a consensus rating of Sell. The company’s average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating. According to analysts’ consensus price target of $17.00, Iron Mountain has a forecasted downside of 47.2% from its current price of $32.17. Iron Mountain has received no research coverage in the past 90 days.

Dividend Strength: Iron Mountain (NYSE:IRM)

Iron Mountain is a leading dividend payer. It pays a dividend yield of 7.68%, putting its dividend yield in the top 25% of dividend-paying stocks. Iron Mountain has only been increasing its dividend for 1 years. The dividend payout ratio of Iron Mountain is 107.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Iron Mountain will have a dividend payout ratio of 96.11% in the coming year. This indicates that Iron Mountain may not be able to sustain their current dividend.

Insiders buying/selling: Iron Mountain (NYSE:IRM)

In the past three months, Iron Mountain insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,028,763.00 in company stock. Only 2.10% of the stock of Iron Mountain is held by insiders. 82.91% of the stock of Iron Mountain is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Iron Mountain (NYSE:IRM

Earnings for Iron Mountain are expected to grow by 12.72% in the coming year, from $2.28 to $2.57 per share. The P/E ratio of Iron Mountain is 69.94, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 33.33. The P/E ratio of Iron Mountain is 69.94, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 23.41. Iron Mountain has a PEG Ratio of 6.40. PEG Ratios above 1 indicate that a company could be overvalued. Iron Mountain has a P/B Ratio of 6.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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