Key Points
- CEO William Meaney sold 38,482 shares on Jan. 2 at an average price of $83.17, totaling about $3.20 million, per an SEC filing.
- Iron Mountain raised its quarterly dividend to $0.864 (annualized $3.46) for a 4.1% yield, though the company reports an unusually high payout ratio of 652.83%.
- The company beat quarterly EPS estimates with $1.32 and revenue of $1.75B (up 12.7% YoY), set FY2025 EPS guidance of 5.040–5.130, and carries a consensus analyst rating of "Moderate Buy" with a $114.80 target.
Iron Mountain Incorporated (NYSE:IRM - Get Free Report) CEO William Meaney sold 38,482 shares of the business's stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $83.17, for a total value of $3,200,547.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Iron Mountain Stock Up 1.4%
NYSE:IRM opened at $84.83 on Wednesday. The business's 50-day moving average price is $88.01 and its two-hundred day moving average price is $94.86. The stock has a market cap of $25.07 billion, a P/E ratio of 160.06 and a beta of 1.13. Iron Mountain Incorporated has a twelve month low of $72.33 and a twelve month high of $112.18.
Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.03. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Iron Mountain had a negative return on equity of 112.70% and a net margin of 2.40%.The company's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, equities research analysts expect that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year.
Iron Mountain Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a $0.864 dividend. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Iron Mountain's previous quarterly dividend of $0.79. This represents a $3.46 dividend on an annualized basis and a yield of 4.1%. Iron Mountain's payout ratio is 652.83%.
Wall Street Analysts Forecast Growth
IRM has been the topic of a number of recent research reports. Jefferies Financial Group assumed coverage on shares of Iron Mountain in a report on Monday, September 22nd. They issued a "buy" rating and a $120.00 price objective on the stock. Barclays upped their target price on shares of Iron Mountain from $122.00 to $123.00 and gave the company an "overweight" rating in a research note on Wednesday, November 12th. Zacks Research raised Iron Mountain from a "strong sell" rating to a "hold" rating in a report on Monday, October 20th. JPMorgan Chase & Co. upped their target price on shares of Iron Mountain from $100.00 to $111.00 and gave the company an "overweight" rating in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Iron Mountain in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $114.80.
Get Our Latest Stock Analysis on IRM
Hedge Funds Weigh In On Iron Mountain
Large investors have recently bought and sold shares of the business. Quent Capital LLC bought a new position in Iron Mountain during the 3rd quarter worth about $27,000. Johnson Financial Group Inc. acquired a new position in Iron Mountain during the 3rd quarter valued at approximately $32,000. Wealth Watch Advisors INC acquired a new stake in Iron Mountain during the 3rd quarter worth about $44,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Iron Mountain during the second quarter worth about $51,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Iron Mountain in the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 80.13% of the company's stock.
About Iron Mountain
(
Get Free Report)
Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.
Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers' digital transformation.
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