WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) – Analysts at Oppenheimer lifted their Q3 2022 earnings per share estimates for WillScot Mobile Mini in a research note issued on Thursday, May 5th. Oppenheimer analyst S. Schneeberger now expects that the company will post earnings per share of $0.37 for the quarter, up from their prior estimate of $0.31. Oppenheimer also issued estimates for WillScot Mobile Mini’s Q4 2022 earnings at $0.43 EPS, FY2022 earnings at $1.29 EPS and FY2023 earnings at $1.60 EPS.
A number of other analysts have also recently commented on the stock. Barclays upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $40.00 to $50.00 in a research note on Wednesday, March 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $49.00 target price on shares of WillScot Mobile Mini in a research note on Friday, April 29th. Finally, Zacks Investment Research upgraded shares of WillScot Mobile Mini from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $43.57.
WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last released its earnings results on Wednesday, April 27th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. WillScot Mobile Mini had a net margin of 10.46% and a return on equity of 11.13%. The firm had revenue of $508.89 million during the quarter, compared to the consensus estimate of $476.67 million. During the same period in the prior year, the firm earned $0.14 EPS.
Institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. grew its holdings in WillScot Mobile Mini by 16.0% in the 3rd quarter. Macquarie Group Ltd. now owns 3,431,674 shares of the company’s stock worth $108,862,000 after acquiring an additional 473,361 shares during the last quarter. Wolverine Asset Management LLC lifted its position in shares of WillScot Mobile Mini by 1.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 215,000 shares of the company’s stock worth $6,819,000 after purchasing an additional 3,904 shares during the period. ProShare Advisors LLC lifted its position in shares of WillScot Mobile Mini by 70.4% in the 4th quarter. ProShare Advisors LLC now owns 47,315 shares of the company’s stock worth $1,933,000 after purchasing an additional 19,550 shares during the period. Sciencast Management LP purchased a new stake in shares of WillScot Mobile Mini in the 4th quarter worth about $2,071,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of WillScot Mobile Mini by 18.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 42,510 shares of the company’s stock worth $1,348,000 after purchasing an additional 6,686 shares during the period. 98.98% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Christopher J. Miner sold 133,056 shares of the stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $36.83, for a total transaction of $4,900,452.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rebecca L. Owen bought 5,250 shares of WillScot Mobile Mini stock in a transaction that occurred on Friday, March 18th. The shares were acquired at an average cost of $38.34 per share, for a total transaction of $201,285.00. The disclosure for this purchase can be found here. 63.50% of the stock is owned by corporate insiders.
About WillScot Mobile Mini (Get Rating)
WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, education, energy and natural resources, government, and other end markets.
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