Mister Car Wash (MCW) to Release Earnings on Wednesday

Mister Car Wash (NYSE:MCW) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Mister Car Wash to post earnings of $0.08 per share for the quarter. Mister Car Wash has set its FY24 guidance at $0.30-$0.34 EPS and its FY 2024 guidance at 0.300-0.340 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $230.14 million for the quarter, compared to the consensus estimate of $230.89 million. Mister Car Wash had a net margin of 8.64% and a return on equity of 9.81%. On average, analysts expect Mister Car Wash to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $6.89 on Monday. Mister Car Wash has a 1 year low of $4.80 and a 1 year high of $10.07. The firm’s 50-day moving average is $7.44 and its 200 day moving average is $7.56. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 2.26 and a beta of 1.65. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.36 and a quick ratio of 0.31.

Analyst Ratings Changes

A number of research firms have recently commented on MCW. Robert W. Baird increased their price target on shares of Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. started coverage on Mister Car Wash in a report on Friday, February 16th. They issued a “neutral” rating and a $9.50 target price for the company. Wells Fargo & Company decreased their price target on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Finally, Mizuho began coverage on Mister Car Wash in a research report on Tuesday, March 19th. They set a “buy” rating and a $11.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mister Car Wash has an average rating of “Moderate Buy” and a consensus target price of $9.85.

Insider Activity

In related news, COO Mayra Idali Chimienti sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $7.05, for a total transaction of $246,750.00. Following the completion of the sale, the chief operating officer now directly owns 270,523 shares in the company, valued at $1,907,187.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Mayra Idali Chimienti sold 35,000 shares of Mister Car Wash stock in a transaction on Friday, March 15th. The stock was sold at an average price of $7.05, for a total transaction of $246,750.00. Following the transaction, the chief operating officer now directly owns 270,523 shares in the company, valued at $1,907,187.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Duane Matheny sold 37,152 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $8.93, for a total value of $331,767.36. Following the sale, the insider now directly owns 75,515 shares of the company’s stock, valued at approximately $674,348.95. The disclosure for this sale can be found here. Insiders sold 104,161 shares of company stock valued at $824,667 in the last quarter. 70.00% of the stock is currently owned by insiders.

Mister Car Wash Company Profile

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. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.