Mister Car Wash (NYSE:MCW) Issues FY 2022 Earnings Guidance

Mister Car Wash (NYSE:MCWGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $0.440-$0.470 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.470. The company issued revenue guidance of $875 million-$895 million, compared to the consensus revenue estimate of $853.90 million.

A number of research firms have recently issued reports on MCW. Morgan Stanley raised shares of Mister Car Wash from an equal weight rating to an overweight rating and set a $20.00 price objective for the company in a report on Tuesday, January 18th. William Blair began coverage on shares of Mister Car Wash in a report on Wednesday, March 16th. They set an outperform rating for the company. Zacks Investment Research downgraded shares of Mister Car Wash from a buy rating to a hold rating in a report on Wednesday, January 12th. Stifel Nicolaus raised shares of Mister Car Wash from a hold rating to a buy rating and set a $20.00 price objective for the company in a report on Friday, March 11th. Finally, BMO Capital Markets dropped their price objective on shares of Mister Car Wash from $25.00 to $23.00 in a report on Friday, March 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $22.80.

Mister Car Wash stock opened at $15.27 on Thursday. The firm has a fifty day simple moving average of $15.56 and a two-hundred day simple moving average of $16.91. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.45 and a quick ratio of 0.40. Mister Car Wash has a twelve month low of $14.36 and a twelve month high of $24.49.

Mister Car Wash (NYSE:MCWGet Rating) last issued its quarterly earnings data on Thursday, March 24th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Mister Car Wash had a negative net margin of 2.91% and a negative return on equity of 6.86%. As a group, research analysts anticipate that Mister Car Wash will post 0.41 EPS for the current year.

In related news, insider Casey Penn Lindsay sold 5,000 shares of the business’s stock in a transaction dated Monday, January 24th. The shares were sold at an average price of $16.56, for a total transaction of $82,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 12,082 shares of company stock worth $201,867 in the last quarter.

Several large investors have recently bought and sold shares of MCW. Morgan Stanley bought a new position in Mister Car Wash during the second quarter valued at approximately $242,000. Royal Bank of Canada bought a new position in Mister Car Wash during the second quarter valued at approximately $68,000. Bank of America Corp DE bought a new position in Mister Car Wash during the second quarter valued at approximately $969,000. Invesco Ltd. bought a new position in Mister Car Wash during the third quarter valued at approximately $676,000. Finally, UBS Group AG bought a new position in Mister Car Wash during the third quarter valued at approximately $75,000. Hedge funds and other institutional investors own 96.68% of the company’s stock.

Mister Car Wash Company Profile (Get Rating)

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. As of December 31, 2021, it operated 396 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.

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Earnings History and Estimates for Mister Car Wash (NYSE:MCW)

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