Equities research analysts expect that WillScot Corp (NASDAQ:WSC) will report $273.86 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for WillScot’s earnings, with estimates ranging from $267.95 million to $282.00 million. WillScot posted sales of $218.92 million in the same quarter last year, which would indicate a positive year over year growth rate of 25.1%. The business is scheduled to report its next earnings results on Thursday, November 14th.
On average, analysts expect that WillScot will report full year sales of $1.06 billion for the current year, with estimates ranging from $1.05 billion to $1.07 billion. For the next financial year, analysts expect that the business will post sales of $1.15 billion, with estimates ranging from $1.12 billion to $1.21 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for WillScot.
WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. WillScot had a negative net margin of 6.66% and a positive return on equity of 0.55%. The company had revenue of $266.13 million during the quarter, compared to analyst estimates of $262.74 million.
In related news, Director Rebecca L. Owen bought 9,250 shares of the company’s stock in a transaction on Monday, September 16th. The stock was acquired at an average cost of $16.30 per share, for a total transaction of $150,775.00. Also, Director Jeffrey Sagansky sold 100,000 shares of WillScot stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $14.01, for a total transaction of $1,401,000.00. Following the sale, the director now owns 2,576,346 shares of the company’s stock, valued at $36,094,607.46. The disclosure for this sale can be found here. 56.13% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in WSC. Rhumbline Advisers lifted its position in WillScot by 3.5% during the first quarter. Rhumbline Advisers now owns 45,420 shares of the company’s stock valued at $504,000 after purchasing an additional 1,521 shares during the last quarter. Wells Fargo & Company MN lifted its position in WillScot by 0.7% during the first quarter. Wells Fargo & Company MN now owns 3,622,221 shares of the company’s stock valued at $40,170,000 after purchasing an additional 25,846 shares during the last quarter. Marshall Wace LLP lifted its position in WillScot by 22.1% during the first quarter. Marshall Wace LLP now owns 224,611 shares of the company’s stock valued at $2,491,000 after purchasing an additional 40,662 shares during the last quarter. FMR LLC lifted its position in WillScot by 75.2% during the first quarter. FMR LLC now owns 5,355,970 shares of the company’s stock valued at $59,398,000 after purchasing an additional 2,299,370 shares during the last quarter. Finally, Falcon Point Capital LLC lifted its position in WillScot by 29.3% during the second quarter. Falcon Point Capital LLC now owns 257,560 shares of the company’s stock valued at $3,874,000 after purchasing an additional 58,380 shares during the last quarter. Institutional investors and hedge funds own 46.68% of the company’s stock.
Shares of WSC stock traded up $0.15 during trading hours on Wednesday, reaching $15.37. The stock had a trading volume of 249,863 shares, compared to its average volume of 554,369. The stock’s fifty day simple moving average is $15.06 and its 200 day simple moving average is $14.18. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.50. WillScot has a 12 month low of $8.21 and a 12 month high of $17.67. The firm has a market capitalization of $1.78 billion, a PE ratio of 80.87, a PEG ratio of 4.15 and a beta of 1.87.
Willscot Corp. operates as a holding company, which engages in the provision of modular space and portable storage markets. Its services include furniture rental, transportation and logistics, storage & facilities services and commercial real estate. The company was founded by Albert Vaughn Williams in 1944 and is headquartered in Baltimore, MD.
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