$419.65 Million in Sales Expected for WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) This Quarter

Posted by Faye Duncan on Feb 23rd, 2021 // Comments off

Equities analysts expect that WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) will post sales of $419.65 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for WillScot Mobile Mini’s earnings. The lowest sales estimate is $414.00 million and the highest is $429.56 million. WillScot Mobile Mini reported sales of $278.05 million in the same quarter last year, which indicates a positive year-over-year growth rate of 50.9%. The business is scheduled to issue its next earnings results after the market closes on Thursday, February 25th.

According to Zacks, analysts expect that WillScot Mobile Mini will report full year sales of $1.40 billion for the current financial year, with estimates ranging from $1.35 billion to $1.63 billion. For the next financial year, analysts anticipate that the business will post sales of $1.70 billion, with estimates ranging from $1.69 billion to $1.74 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover WillScot Mobile Mini.

WSC has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of WillScot Mobile Mini from a “hold” rating to a “sell” rating in a report on Thursday, February 18th. Morgan Stanley raised their price objective on shares of WillScot Mobile Mini from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, January 22nd. Oppenheimer lifted their target price on shares of WillScot Mobile Mini from $24.00 to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 13th. DA Davidson lifted their target price on shares of WillScot Mobile Mini from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, January 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of WillScot Mobile Mini from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. WillScot Mobile Mini currently has a consensus rating of “Buy” and an average target price of $23.09.

Several hedge funds have recently added to or reduced their stakes in WSC. Envestnet Asset Management Inc. bought a new position in shares of WillScot Mobile Mini in the third quarter valued at approximately $2,014,000. Nisa Investment Advisors LLC boosted its position in shares of WillScot Mobile Mini by 11.3% in the third quarter. Nisa Investment Advisors LLC now owns 48,650 shares of the company’s stock valued at $811,000 after acquiring an additional 4,950 shares during the period. Ingalls & Snyder LLC bought a new position in shares of WillScot Mobile Mini in the third quarter valued at approximately $444,000. Rothschild Investment Corp IL bought a new stake in WillScot Mobile Mini during the third quarter valued at approximately $412,000. Finally, Black Diamond Financial LLC lifted its position in WillScot Mobile Mini by 50.0% during the third quarter. Black Diamond Financial LLC now owns 30,000 shares of the company’s stock valued at $500,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors own 29.92% of the company’s stock.

Shares of WillScot Mobile Mini stock traded up $0.56 during trading hours on Tuesday, reaching $27.21. The company’s stock had a trading volume of 1,035,146 shares, compared to its average volume of 1,231,870. WillScot Mobile Mini has a one year low of $7.45 and a one year high of $27.97. The stock’s fifty day simple moving average is $25.83 and its two-hundred day simple moving average is $20.84. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.57 and a current ratio of 1.59. The company has a market capitalization of $6.21 billion, a P/E ratio of 166.57, a P/E/G ratio of 0.91 and a beta of 2.07.

About WillScot Mobile Mini

WillScot Mobile Mini Holdings Corp. provides modular space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases various office space and storage solutions for temporary applications across a customer base in the commercial and industrial, construction, retail, education, health care, government, transportation, security, and energy sectors.

$419.65 Million in Sales Expected for WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) This Quarter

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