Revenue Update on Mobile Mini Inc(NASDAQ:MINI)

Mobile Mini Inc(NASDAQ:MINI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $123.48M. Analysts estimated a revenue of $128.81M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.30.

In a different note, On Jul 25, 2016, KeyBanc said it Downgrades its rating on Mobile Mini Inc. The shares have been rated ‘Sector Weight’ by the firm.

Mobile Mini Inc (MINI) shares turned negative on Thursdays trading session with the shares closing down -0.43 points or -1.39% at a volume of 1,99,505. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.23. The peak price level was also seen at $31.23 while the days lowest was $30.25. Finally the shares closed at $30.44. The 52-week high of the shares is $38.13 while the 52-week low is $24.13. According to the latest information available, the market cap of the company is $1,353 M.

Several Insider Transactions has been reported to the SEC. On Feb 11, 2016, Stephen A Mcconnell (director) purchased 1,000 shares at $25.00 per share price.Also, 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.

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