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

WillScot Mobile Mini (NASDAQ:WSC) is scheduled to be issuing 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 posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The company had revenue of $612.38 million during the quarter, compared to analyst estimates of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. WillScot Mobile Mini’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. 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 Price Performance

WSC stock opened at $38.19 on Thursday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.01 and a quick ratio of 0.93. The firm has a market capitalization of $7.25 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.90 and a beta of 1.34. The business’s 50-day moving average is $45.05 and its two-hundred day moving average is $43.26. WillScot Mobile Mini has a 1 year low of $34.40 and a 1 year high of $52.16.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

WSC has been the topic of a number of analyst reports. Robert W. Baird reduced their price target on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday. Oppenheimer raised their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Wells Fargo & Company raised their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Barclays raised their target price on WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, Jefferies Financial Group lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their target price for the stock from $58.00 to $42.00 in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.