Needham & Company Maintains a 'Hold' on Mobile Mini (MINI); Reports Solid 3Q. Biz Seeing Encouraging Signs Entering Holiday Season, But Sustainability Unclear

Needham & Company maintains a 'Hold' on Mobile Mini (NASDAQ: MINI).

Needham analyst says, "MINI is benefiting from the successful deployment of its NSC in addition to improved demand at construction and nonconstruction
in both its geographies. Presently, the environment is currently showing signs of continued strength, but we suspect trends could moderate. While we acknowledge strong cash flow (~10% yield on TTM FCF), we continue to view shares as fairly valued (at ~17x our C12 EPS and 10x C12 on EV/EBITDA basis) and reiterate our rating."

"Our 4Q est. of $95.6M in revs., $38.1M EBITDA, & $0.26 EPS now $98.9M, $38.2M, & $0.27. Our ‘11 est. of $361M, $137M EBITDA, & $0.77 non-GAAP now $368M, $137M & $0.78."

For more ratings news on Mobile Mini click here and for the rating history of Mobile Mini click here.

Shares of Mobile Mini closed at $17.98 yesterday.

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