WillScot (NASDAQ:WSC) announced its quarterly earnings results on Thursday. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.32), Briefing.com reports. The company had revenue of $218.90 million during the quarter, compared to analyst estimates of $204.10 million. The firm’s quarterly revenue was up 88.4% on a year-over-year basis.

NASDAQ:WSC traded up $1.06 during trading on Friday, reaching $16.89. The company’s stock had a trading volume of 2,431,317 shares, compared to its average volume of 771,117. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.80 and a current ratio of 0.86. WillScot has a 12 month low of $9.45 and a 12 month high of $18.19.

An institutional investor recently raised its position in WillScot stock. Bank of New York Mellon Corp raised its holdings in WillScot Corp (NASDAQ:WSC) by 239.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,682 shares of the company’s stock after purchasing an additional 71,731 shares during the quarter. Bank of New York Mellon Corp owned 0.11% of WillScot worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 40.71% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on WSC. Morgan Stanley began coverage on WillScot in a report on Monday, October 1st. They set an “overweight” rating and a $21.00 price target for the company. Zacks Investment Research downgraded WillScot from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Deutsche Bank assumed coverage on WillScot in a research note on Monday, October 1st. They issued a “buy” rating for the company. Oppenheimer upped their price objective on WillScot from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. Finally, Credit Suisse Group assumed coverage on WillScot in a research note on Friday, August 17th. They issued an “outperform” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $18.50.

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WillScot Company Profile

WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.

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Earnings History for WillScot (NASDAQ:WSC)

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