Iron Mountain Inc. (IRM) shares are down $2.68, or 6.90%, to $36.15 in early trade Friday following the company’s fourth quarter earnings results.
The information management company reported earnings of $0.52 per share on revenues of $778 million, up 1.3% from a year ago. Analysts were expecting EPS of $0.55 on revenues of $786.48 million.
For the year, the company reported profit of $326.1 million, or $1.66 per share. Revenue came in at $3.12 billion.
For FY’15, IRM provided EPS guidance of $2.00-$2.20 versus consensus of $2.23 per share. The company also issued revenue projection of $3.03-$3.15 billion, compared to the consensus revenue estimate of $3.19 billion.
On valuation measures, Iron Mountain Inc. shares, which currently have an average 3-month trading volume of 1.83 million shares, trade at a trailing-12 P/E of 19.33, a forward P/E of 27.22 and a P/E to growth ratio of 2.32. The median Wall Street price target on the name is $39.00 with a high target of $41.00. Currently ticker boasts 4 ‘Buy’ endorsements, compared to 6 ’Holds’ and no ‘Sell’.
Profitability-wise, IRM has a t-12 profit and operating margin of 11.62% and 17.65%, respectively. The $7.01 billion market cap company reported $183.99 million in cash vs. $4.39 billion in debt in its most recent quarter.
IRM currently prints a one year return of about 59.50%, and a year-to-date return of 0.44%.
The chart below shows where the equity has traded over the last 12 months.
Iron Mountain Inc. provides storage and information management services primarily in North America, Europe, Latin America, and the Asia Pacific. The company was founded in 1951 and is headquartered in Boston, Massachusetts.