|Bid||29.43 x 1300|
|Ask||29.44 x 1400|
|Day's Range||29.00 - 29.69|
|52 Week Range||21.00 - 34.49|
|Beta (5Y Monthly)||0.71|
|PE Ratio (TTM)||41.89|
|Forward Dividend & Yield||2.47 (8.50%)|
|Ex-Dividend Date||Sep 14, 2020|
|1y Target Est||N/A|
Strength in Iron Mountain's (IRM) core storage business drives its Q2 results. Yet, a decline in revenues from the service segment impacts top-line growth.
Iron Mountain (IRM) delivered FFO and revenue surprises of 26.19% and 6.97%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
A fall in physical storage volume is likely to have impacted Iron Mountain's (IRM) Q2 storage revenues. Also, low shred volumes and demand for box pick up will strike its service segment's performance.