WillScot Mobile Mini Holdings Corp. Expected to Earn Q2 2023 Earnings of $0.39 Per Share (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSCGet Rating) – Investment analysts at Jefferies Financial Group dropped their Q2 2023 earnings per share (EPS) estimates for shares of WillScot Mobile Mini in a report issued on Thursday, January 12th. Jefferies Financial Group analyst P. Ng now expects that the company will earn $0.39 per share for the quarter, down from their previous forecast of $0.42. The consensus estimate for WillScot Mobile Mini’s current full-year earnings is $1.35 per share. Jefferies Financial Group also issued estimates for WillScot Mobile Mini’s Q3 2023 earnings at $0.48 EPS, Q4 2023 earnings at $0.53 EPS and FY2023 earnings at $1.67 EPS.

WillScot Mobile Mini (NASDAQ:WSCGet Rating) last announced its earnings results on Wednesday, November 2nd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. WillScot Mobile Mini had a return on equity of 15.36% and a net margin of 14.80%. The company had revenue of $604.17 million for the quarter, compared to analysts’ expectations of $583.43 million.

A number of other brokerages have also issued reports on WSC. Morgan Stanley increased their price target on WillScot Mobile Mini from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 14th. Barclays increased their price target on WillScot Mobile Mini from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, December 2nd. Robert W. Baird increased their price target on WillScot Mobile Mini from $45.00 to $53.00 in a research note on Thursday, November 3rd. Finally, Oppenheimer increased their price target on WillScot Mobile Mini to $48.00 in a research note on Thursday, October 13th.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock opened at $46.17 on Monday. WillScot Mobile Mini has a one year low of $30.52 and a one year high of $49.02. The stock’s fifty day moving average is $46.33 and its 200 day moving average is $42.06. The stock has a market cap of $9.64 billion, a P/E ratio of 31.84, a P/E/G ratio of 0.94 and a beta of 1.55. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.81 and a current ratio of 0.88.

Institutional Trading of WillScot Mobile Mini

Several institutional investors and hedge funds have recently modified their holdings of the stock. Coldstream Capital Management Inc. bought a new stake in shares of WillScot Mobile Mini during the fourth quarter valued at approximately $249,000. Robeco Institutional Asset Management B.V. raised its stake in WillScot Mobile Mini by 170.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,852 shares of the company’s stock worth $196,000 after buying an additional 3,059 shares in the last quarter. Eagle Bay Advisors LLC raised its stake in WillScot Mobile Mini by 16.6% in the third quarter. Eagle Bay Advisors LLC now owns 2,236 shares of the company’s stock worth $91,000 after buying an additional 318 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in WillScot Mobile Mini in the third quarter worth approximately $3,212,000. Finally, Captrust Financial Advisors raised its stake in WillScot Mobile Mini by 3.3% in the third quarter. Captrust Financial Advisors now owns 8,241 shares of the company’s stock worth $332,000 after buying an additional 260 shares in the last quarter. Institutional investors own 97.25% of the company’s stock.

Insider Activity

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average price of $46.88 per share, for a total transaction of $234,400.00. Following the completion of the transaction, the chief executive officer now owns 431,683 shares in the company, valued at approximately $20,237,299.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was acquired at an average price of $46.88 per share, with a total value of $234,400.00. Following the completion of the purchase, the chief executive officer now directly owns 431,683 shares in the company, valued at $20,237,299.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Sagansky sold 50,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $46.13, for a total transaction of $2,306,500.00. Following the sale, the director now directly owns 2,595,712 shares of the company’s stock, valued at approximately $119,740,194.56. The disclosure for this sale can be found here. Company insiders own 2.80% 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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