WillScot Corp Expected to Post Q1 2019 Earnings of ($0.04) Per Share (WSC)
WillScot Corp (NASDAQ:WSC) – Analysts at Oppenheimer issued their Q1 2019 EPS estimates for shares of WillScot in a research note issued to investors on Sunday, November 11th. Oppenheimer analyst S. Schneeberger anticipates that the company will post earnings per share of ($0.04) for the quarter. Oppenheimer has a “Outperform” rating and a $20.00 price target on the stock. Oppenheimer also issued estimates for WillScot’s Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.13 EPS and Q4 2019 earnings at $0.15 EPS.
WillScot (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, November 8th. The company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.32). The company had revenue of $218.90 million during the quarter, compared to the consensus estimate of $204.10 million. WillScot had a negative return on equity of 9.21% and a negative net margin of 26.49%. The business’s revenue was up 88.4% compared to the same quarter last year.
NASDAQ WSC opened at $16.07 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $1.65 billion and a PE ratio of -4.13. WillScot has a 12 month low of $9.45 and a 12 month high of $18.19.
A number of large investors have recently added to or reduced their stakes in WSC. Wells Fargo & Company MN lifted its stake in WillScot by 32.0% in the first quarter. Wells Fargo & Company MN now owns 62,331 shares of the company’s stock worth $852,000 after acquiring an additional 15,111 shares during the period. Northern Trust Corp purchased a new stake in WillScot in the first quarter worth about $567,000. BlackRock Inc. purchased a new stake in WillScot in the first quarter worth about $3,412,000. FNY Investment Advisers LLC purchased a new stake in WillScot in the second quarter worth about $146,000. Finally, Broadview Advisors LLC purchased a new stake in WillScot in the second quarter worth about $6,312,000. 44.53% of the stock is owned by institutional investors.
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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