WillScot Mobile Mini (NASDAQ:WSC) Announces Quarterly Earnings Results

WillScot Mobile Mini (NASDAQ:WSC) posted its quarterly earnings results on Wednesday. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10), Briefing.com reports. WillScot Mobile Mini had a return on equity of 22.99% and a net margin of 1.05%. The company had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. WillScot Mobile Mini updated its FY 2024 guidance to EPS.

WillScot Mobile Mini Stock Down 14.8 %

WillScot Mobile Mini stock opened at $33.14 on Friday. The business has a fifty day moving average price of $38.01 and a 200-day moving average price of $38.29. WillScot Mobile Mini has a 1-year low of $32.71 and a 1-year high of $52.16. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 301.30, a PEG ratio of 1.25 and a beta of 1.35. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83.

Analysts Set New Price Targets

Several research firms have commented on WSC. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Oppenheimer lowered their price objective on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research note 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 on the stock in a research report on Monday, August 5th. Bank of America lowered their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Barclays downgraded shares of WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $50.00 to $44.00 in a research note on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.40.

Insiders Place Their Bets

In related news, CEO Bradley Lee Soultz bought 5,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were bought 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 approximately $5,833,263.42. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

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.