Iron Mountain (IRM) Stock Price, News & Analysis

Company Overview

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.

Key Stats

• Today's Range: $117.42 to $119.40
• 50-Day Range: $96.88 to $119.40
• 52-Week Range: $56.51 to $120.54
• Volume: 948,222 shs
• Average Volume: 1.63 million shs
• Market Capitalization: $34.71 billion
• P/E Ratio: 179.43
• Dividend Yield: 2.42%
• Price Target: $106.00
• Consensus Rating: Moderate Buy

Iron Mountain Stock Analysis - MarketRank™

Iron Mountain scored higher than 70% of companies evaluated by MarketBeat, and ranked 450th out of 955 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Iron Mountain has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 5 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Iron Mountain has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 8.87%

Earnings Growth

Earnings for Iron Mountain are expected to grow by 8.87% in the coming year, from $4.17 to $4.54 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Iron Mountain is 179.43, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 129.64.

Price to Earnings Ratio vs. Sector

The P/E ratio of Iron Mountain is 179.43, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 38.51.

Price to Earnings Growth Ratio

Iron Mountain has a PEG Ratio of 7.09. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Iron Mountain has a P/B Ratio of 162.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.88% of the outstanding shares of Iron Mountain have been sold short.

Short Interest Ratio / Days to Cover

Iron Mountain has a short interest ratio ("days to cover") of 6.5.

Change versus previous month

Short interest in Iron Mountain has recently increased by 14.52%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Iron Mountain pays a meaningful dividend of 2.45%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Iron Mountain does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Iron Mountain is 433.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Iron Mountain will have a dividend payout ratio of 63.00% next year. This indicates that Iron Mountain will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.70

Percentage of Shares Shorted

3.88% of the outstanding shares of Iron Mountain have been sold short.

Short Interest Ratio / Days to Cover

Iron Mountain has a short interest ratio ("days to cover") of 6.5.

Change versus previous month

Short interest in Iron Mountain has recently increased by 14.52%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.84

News Sentiment

Iron Mountain has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Iron Mountain this week, compared to 9 articles on an average week.

Search Interest

Only 19 people have searched for IRM on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

MarketBeat Follows

20 people have added Iron Mountain to their MarketBeat watchlist in the last 30 days. This is an increase of 54% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Iron Mountain insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,352,406.00 in company stock.

Percentage Held by Insiders

Only 2.10% of the stock of Iron Mountain is held by insiders.

Percentage Held by Institutions

80.13% of the stock of Iron Mountain is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IRM Stock Analysis - Frequently Asked Questions

How have IRM shares performed this year?

Iron Mountain's stock was trading at $69.98 at the start of the year. Since then, IRM shares have increased by 69.2% and is now trading at $118.42.
View the best growth stocks for 2024 here.

How were Iron Mountain's earnings last quarter?

Iron Mountain Incorporated (NYSE:IRM) posted its earnings results on Thursday, August, 1st. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by $0.59. The firm's quarterly revenue was up 13.0% compared to the same quarter last year.
Read the conference call transcript.

Does Iron Mountain have any subsidiaries?

Iron Mountain subsidiaries include these companies: NxtGen Data Center & Cloud Services, EvoSwitch, IO.com, Bonded Services Group, Fortrust, EAC Invest, Fairfield Fine Art, and more.

Who are Iron Mountain's major shareholders?

Top institutional investors of Iron Mountain include Czech National Bank (0.02%), SG Americas Securities LLC (0.01%), Park Avenue Securities LLC (0.01%) and Curbstone Financial Management Corp. Insiders that own company stock include William L Meaney, Barry Hytinen, Deborah Marson, Mark Kidd, Walter C Rakowich, Robin Matlock, Greg W Mcintosh, Wendy J Murdock, Jennifer Allerton, John Tomovcsik, Edward Baker-Greene, Deirdre Evens and Daniel Borges.
View institutional ownership trends.

How do I buy shares of Iron Mountain?

Shares of IRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Iron Mountain own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Iron Mountain investors own include Home Depot (HD), AT&T (T), StoneMor (STON), AbbVie (ABBV), Enterprise Products Partners (EPD), Kinder Morgan (KMI) and Verizon Communications (VZ).

Company Calendar

• Ex-Dividend for 7/5 Dividend: 6/17/2024
• Dividend Payable: 7/05/2024
• Last Earnings: 8/01/2024
• Ex-Dividend for 10/3 Dividend: 9/16/2024
• Today: 10/03/2024
• Dividend Payable: 10/03/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Diversified Support Services
• Current Symbol: NYSE:IRM
• CUSIP: 46284610
• CIK: 1020569
• Web: www.ironmountain.com
• Phone: (617) 535-4766
• Fax: 617-350-7881
• Employees: 27,000
• Year Founded: 1951

Price Target and Rating

• Average Stock Price Target: $106.00
• High Stock Price Target: $140.00
• Low Stock Price Target: $44.00
• Potential Upside/Downside: -10.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.66
• Trailing P/E Ratio: 179.43
• Forward P/E Ratio: 28.40
• P/E Growth: 7.09
• Net Income: $184.23 million
• Net Margins: 3.94%
• Pretax Margin: 4.83%
• Return on Equity: 595.44%
• Return on Assets: 3.06%

Debt

• Debt-to-Equity Ratio: 674.63
• Current Ratio: 0.79
• Quick Ratio: 0.79

Sales & Book Value

• Annual Sales: $5.82 billion
• Price / Sales: 5.97
• Cash Flow: $4.54 per share
• Price / Cash Flow: 26.06
• Book Value: $0.73 per share
• Price / Book: 162.22

Miscellaneous

• Outstanding Shares: 293,133,000
• Free Float: 286,977,000
• Market Cap: $34.71 billion
• Optionable: Optionable
• Beta: 1.00