WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Expected to Announce Quarterly Sales of $476.67 Million

Wall Street analysts expect WillScot Mobile Mini Holdings Corp. (NASDAQ:WSCGet Rating) to announce sales of $476.67 million for the current quarter, Zacks reports. Five analysts have provided estimates for WillScot Mobile Mini’s earnings. The highest sales estimate is $486.80 million and the lowest is $464.10 million. WillScot Mobile Mini posted sales of $425.32 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.1%. The firm is expected to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that WillScot Mobile Mini will report full-year sales of $2.04 billion for the current fiscal year, with estimates ranging from $2.02 billion to $2.10 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.19 billion, with estimates ranging from $2.12 billion to $2.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow WillScot Mobile Mini.

WillScot Mobile Mini (NASDAQ:WSCGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. WillScot Mobile Mini had a return on equity of 10.09% and a net margin of 8.45%. The company had revenue of $517.92 million during the quarter, compared to analysts’ expectations of $493.73 million. During the same quarter in the previous year, the business earned $0.25 EPS. WillScot Mobile Mini’s revenue was up 18.3% compared to the same quarter last year.

Several research analysts have recently commented on WSC shares. Zacks Investment Research lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating in a research report on Thursday, March 3rd. Barclays raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $50.00 in a report on Wednesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on WillScot Mobile Mini in a report on Tuesday, March 29th. They issued a “buy” rating and a $49.00 price objective on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, WillScot Mobile Mini presently has an average rating of “Buy” and an average price target of $42.38.

In other news, Director Rebecca L. Owen purchased 5,250 shares of the company’s stock in a transaction dated Friday, March 18th. The stock was acquired at an average price of $38.34 per share, for a total transaction of $201,285.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher J. Miner sold 133,056 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $36.83, for a total value of $4,900,452.48. The disclosure for this sale can be found here. 23.04% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. SRS Capital Advisors Inc. acquired a new position in shares of WillScot Mobile Mini during the 4th quarter valued at $26,000. IndexIQ Advisors LLC purchased a new position in WillScot Mobile Mini in the fourth quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. purchased a new position in WillScot Mobile Mini in the third quarter valued at about $31,000. Confluence Wealth Services Inc. acquired a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $31,000. Finally, Ten Capital Wealth Advisors LLC acquired a new stake in WillScot Mobile Mini during the fourth quarter valued at approximately $32,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WSC stock traded up $1.35 during mid-day trading on Friday, hitting $38.66. The stock had a trading volume of 58,253 shares, compared to its average volume of 1,675,574. WillScot Mobile Mini has a 12-month low of $26.15 and a 12-month high of $42.00. The firm has a market capitalization of $8.63 billion, a P/E ratio of 55.41, a price-to-earnings-growth ratio of 1.33 and a beta of 1.76. The firm’s 50-day moving average is $37.52 and its two-hundred day moving average is $37.36. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.93 and a quick ratio of 0.87.

About WillScot Mobile Mini (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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