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Why Mobile Mini Will Post Another Solid Quarter, Offer Optimistic Guidance

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Oppenheimer recently released a report on Mobile Mini Inc (NASDAQ: MINI) as analysts anticipate solid fourth quarter earnings that may be followed by an upbeat 2016 outlook. Oppenheimer rates Mobile Mini as Outperform with a $41 price target.

Analysts Scott Schneeberger and Daniel Hultberg wrote, "MINI in our view is well positioned for long-term profitable growth and sufficient free cash flow to fund acquisitions, reduce debt, and increase return of capital. We're drawn to the long-lived asset characteristics and lengthy average rental period of MINI's legacy portable storage container business, as well as the cross-selling synergy opportunity of adding ETS to its portfolio."

Analysts noted that to grow the company's top line, Mobile Mini has been increasing the size of its sales force, adding 16 inside sales reps in 3Q15. Adding to the size of its sales team may increase productivity and allow the company to gain market share in the competitive portable storage services industry.

Furthermore, Oppenheimer believes that with reports of solid non-residential construction growth in the United States, Mobile Mini may be well positioned to take advantage of the demand for its services, increasing pricing power and expanding margins in 2016.

Latest Ratings for MINI

DateFirmActionFromTo
Aug 2019Initiates Coverage OnBuy
Jul 2019MaintainsNeutral
Oct 2018DowngradesOutperformNeutral

View More Analyst Ratings for MINI
View the Latest Analyst Ratings

Posted-In: Daniel Hultberg Oppenheimer Scott SchneebergerAnalyst Color Analyst Ratings

 

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