Needham & Company Reiterates a 'Hold' on Mobile Mini (MINI); Q1 Miss; SG&A Continues Pressuring Margins
Tweet Send to a FriendGet Alerts MINI Hot Sheet
Price: $35.88 -0.99%
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 36 | New: 12
Rating Summary:
1 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 36 | New: 12
Trade MINI Now!
Needham & Company reiterates a 'Hold' on Mobile Mini (NASDAQ: MINI).
Analyst, Sean K.F. Hannan, said, "Now that MINI’s national sales center issues appear to be behind it, we believe the company is seeing healthy (albeit not robust) activity in its leasing business while it makes new efforts to further penetrate the Consumer market. In the long run, we believe the move will ultimately drive incremental revenue and improved utilization through the model. However, in the short term we expect EBITDA margins to continue to be pressured as MINI ramps up the nascent effort. While we consider the company’s cash flows to be healthy, we reiterate our Hold as we continue to view shares as fairly valued."
FY12 EPS estimate cut from $0.98 to $0.84 and FY13 from $1.22 to $1.15.
For an analyst ratings summary and ratings history on Mobile Mini click here. For more ratings news on Mobile Mini click here.
Shares of Mobile Mini closed at $18.55 yesterday, with a 52 week range of $14.97-$24.03.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Sean K.F. Hannan, said, "Now that MINI’s national sales center issues appear to be behind it, we believe the company is seeing healthy (albeit not robust) activity in its leasing business while it makes new efforts to further penetrate the Consumer market. In the long run, we believe the move will ultimately drive incremental revenue and improved utilization through the model. However, in the short term we expect EBITDA margins to continue to be pressured as MINI ramps up the nascent effort. While we consider the company’s cash flows to be healthy, we reiterate our Hold as we continue to view shares as fairly valued."
FY12 EPS estimate cut from $0.98 to $0.84 and FY13 from $1.22 to $1.15.
For an analyst ratings summary and ratings history on Mobile Mini click here. For more ratings news on Mobile Mini click here.
Shares of Mobile Mini closed at $18.55 yesterday, with a 52 week range of $14.97-$24.03.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Wedbush Downgrades XenoPort (XNPT) to Neutral
- Wells Fargo Downgrades Brinker Int'l (EAT) to Market Perform
- Jefferies Raises PT on Aeropostale (ARO) Ahead of Q1
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & Company
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
