WillScot Mobile Mini (WSC) to Release Quarterly Earnings on Wednesday

WillScot Mobile Mini (NASDAQ:WSC) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. WillScot Mobile Mini has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $604.59 million during the quarter, compared to analysts’ expectations of $614.85 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. On average, analysts expect WillScot Mobile Mini to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

WillScot Mobile Mini Stock Up 1.3 %

WSC stock opened at $38.19 on Wednesday. The firm has a 50 day moving average of $37.82 and a 200 day moving average of $38.45. The stock has a market capitalization of $7.26 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. WillScot Mobile Mini has a 52 week low of $33.23 and a 52 week high of $52.16.

Insider Activity

In other news, CEO Bradley Lee Soultz purchased 5,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $38.97 per share, with a total value of $194,850.00. Following the transaction, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

WSC has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Bank of America cut their target price on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. DA Davidson cut their target price on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Barclays lowered shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $50.00 to $44.00 in a report on Thursday, September 19th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.90.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation 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.