$523.32 Million in Sales Expected for WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) This Quarter

Analysts expect that WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) will post sales of $523.32 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for WillScot Mobile Mini’s earnings, with estimates ranging from $516.87 million to $528.00 million. WillScot Mobile Mini reported sales of $461.10 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that WillScot Mobile Mini will report full-year sales of $2.16 billion for the current year, with estimates ranging from $2.15 billion to $2.18 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.33 billion, with estimates ranging from $2.27 billion to $2.38 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow WillScot Mobile Mini.

WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. WillScot Mobile Mini had a return on equity of 11.13% and a net margin of 10.46%. The business had revenue of $508.89 million during the quarter, compared to the consensus estimate of $476.67 million. During the same quarter last year, the firm posted $0.14 EPS.

A number of analysts have recently commented on the company. Barclays raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $50.00 in a research note on Wednesday, March 2nd. Zacks Investment Research raised WillScot Mobile Mini from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $49.00 price objective on shares of WillScot Mobile Mini in a report on Friday, April 29th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Buy” and an average target price of $43.57.

Shares of NASDAQ WSC opened at $36.31 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.86 and a current ratio of 0.94. WillScot Mobile Mini has a 52 week low of $26.15 and a 52 week high of $42.00. The stock has a market capitalization of $8.08 billion, a P/E ratio of 41.26, a PEG ratio of 0.96 and a beta of 1.73. The stock’s fifty day moving average is $36.54 and its 200 day moving average is $37.66.

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz acquired 10,000 shares of the company’s stock in a transaction on Monday, May 9th. The stock was acquired at an average price of $33.33 per share, for a total transaction of $333,300.00. Following the acquisition, the chief executive officer now owns 417,471 shares in the company, valued at approximately $13,914,308.43. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher J. Miner sold 133,056 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $36.83, for a total value of $4,900,452.48. The disclosure for this sale can be found here. In the last quarter, insiders acquired 17,750 shares of company stock valued at $620,085. Company insiders own 63.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hardy Reed LLC purchased a new position in WillScot Mobile Mini during the fourth quarter valued at $211,000. Macquarie Group Ltd. raised its stake in WillScot Mobile Mini by 16.0% during the third quarter. Macquarie Group Ltd. now owns 3,431,674 shares of the company’s stock valued at $108,862,000 after buying an additional 473,361 shares during the last quarter. Wolverine Asset Management LLC raised its stake in WillScot Mobile Mini by 1.8% during the third quarter. Wolverine Asset Management LLC now owns 215,000 shares of the company’s stock valued at $6,819,000 after buying an additional 3,904 shares during the last quarter. ProShare Advisors LLC raised its stake in WillScot Mobile Mini by 70.4% during the fourth quarter. ProShare Advisors LLC now owns 47,315 shares of the company’s stock valued at $1,933,000 after buying an additional 19,550 shares during the last quarter. Finally, Covestor Ltd purchased a new position in WillScot Mobile Mini during the fourth quarter valued at $65,000. Institutional investors own 98.98% of the company’s stock.

WillScot Mobile Mini Company Profile (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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