Needham & Company Reiterates a 'Hold' on Mobile Mini (MINI); Q1 Miss; SG&A Continues Pressuring Margins
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Price: $29.50 --0%
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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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.
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.
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