WillScot Mobile Mini (WSC) Scheduled to Post Quarterly Earnings on Thursday

WillScot Mobile Mini (NASDAQ:WSC) is set to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.32 per share for the quarter. WillScot Mobile Mini has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Tuesday, February 20th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The firm had revenue of $612.38 million during the quarter, compared to the consensus estimate of $619.63 million. WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, analysts expect WillScot Mobile Mini to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock opened at $38.19 on Thursday. The company has a market capitalization of $7.25 billion, a PE ratio of 16.39, a P/E/G ratio of 0.90 and a beta of 1.34. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.93 and a current ratio of 1.01. The company has a 50-day simple moving average of $45.05 and a two-hundred day simple moving average of $43.26. WillScot Mobile Mini has a one year low of $34.40 and a one year high of $52.16.

Insider Activity at WillScot Mobile Mini

In other news, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,869 shares in the company, valued at $662,383.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,869 shares in the company, valued at $662,383.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Sagansky sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $47.50, for a total value of $3,562,500.00. Following the completion of the sale, the director now owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on WSC shares. Morgan Stanley started coverage on shares of WillScot Mobile Mini in a report on Monday, January 8th. They issued an “equal weight” rating and a $45.00 target price for the company. Stifel Nicolaus reduced their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, April 4th. Wells Fargo & Company boosted their target price on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Barclays boosted their price target on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, Robert W. Baird dropped their price target on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.13.

About WillScot Mobile Mini

WillScot Mobile Mini Holdings Corp. provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.