Zacks: Brokerages Anticipate WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Will Post Earnings of $0.22 Per Share

Analysts expect WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) to announce $0.22 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for WillScot Mobile Mini’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.24. WillScot Mobile Mini posted earnings of $0.14 per share during the same quarter last year, which would suggest a positive year over year growth rate of 57.1%. The business is expected to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that WillScot Mobile Mini will report full year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.30. For the next fiscal year, analysts anticipate that the business will post earnings of $1.52 per share, with EPS estimates ranging from $1.37 to $1.61. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for WillScot Mobile Mini.

WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last announced its earnings results on Thursday, February 24th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. WillScot Mobile Mini had a net margin of 8.45% and a return on equity of 10.09%. The company had revenue of $517.92 million during the quarter, compared to analysts’ expectations of $493.73 million. During the same period last year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis.

WSC has been the subject of several recent analyst reports. Barclays upgraded shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $40.00 to $50.00 in a report on Wednesday, March 2nd. Zacks Investment Research cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating in a report on Thursday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of WillScot Mobile Mini in a report on Tuesday, March 29th. They set a “buy” rating and a $49.00 price target for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, WillScot Mobile Mini currently has a consensus rating of “Buy” and a consensus price target of $42.38.

Shares of WSC traded up $1.35 during midday trading on Thursday, 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 fifty-two week low of $26.15 and a fifty-two week high of $42.00. The business has a 50-day simple moving average of $37.52 and a two-hundred day simple moving average of $37.36. The firm has a market cap 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 company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.35.

In other news, EVP Christopher J. Miner sold 133,056 shares of WillScot Mobile Mini stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rebecca L. Owen purchased 5,250 shares of the company’s stock in a transaction dated Friday, March 18th. The stock was purchased at an average cost of $38.34 per share, for a total transaction of $201,285.00. The disclosure for this purchase can be found here. 23.04% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in WSC. Morgan Stanley grew its stake in shares of WillScot Mobile Mini by 112.8% in the second quarter. Morgan Stanley now owns 1,799,495 shares of the company’s stock worth $50,152,000 after acquiring an additional 953,996 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of WillScot Mobile Mini by 10.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company’s stock worth $1,734,000 after acquiring an additional 5,000 shares during the last quarter. WINTON GROUP Ltd grew its stake in shares of WillScot Mobile Mini by 41.8% in the third quarter. WINTON GROUP Ltd now owns 24,146 shares of the company’s stock worth $766,000 after acquiring an additional 7,118 shares during the last quarter. Emerald Advisers LLC grew its stake in shares of WillScot Mobile Mini by 16.7% in the third quarter. Emerald Advisers LLC now owns 31,826 shares of the company’s stock worth $1,010,000 after acquiring an additional 4,562 shares during the last quarter. Finally, Moody Aldrich Partners LLC acquired a new stake in shares of WillScot Mobile Mini in the third quarter worth $7,654,000. 98.14% of the stock is currently owned by institutional investors.

WillScot Mobile Mini Company Profile (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.

Further Reading