WillScot Corp (NASDAQ:WSC) – Equities researchers at Jefferies Financial Group reduced their Q4 2018 earnings per share estimates for shares of WillScot in a research note issued on Monday, November 12th. Jefferies Financial Group analyst P. Ng now forecasts that the company will post earnings of ($0.14) per share for the quarter, down from their previous forecast of ($0.08). Jefferies Financial Group also issued estimates for WillScot’s Q1 2019 earnings at ($0.04) EPS.

WillScot (NASDAQ:WSC) last announced its quarterly earnings results on Thursday, November 8th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.32). WillScot had a negative net margin of 26.49% and a negative return on equity of 9.21%. The company had revenue of $218.90 million during the quarter, compared to the consensus estimate of $204.10 million. The company’s revenue for the quarter was up 88.4% compared to the same quarter last year.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded WillScot from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Thursday, October 18th. Morgan Stanley started coverage on WillScot in a report on Monday, October 1st. They set an “overweight” rating and a $21.00 target price on the stock. Deutsche Bank started coverage on WillScot in a report on Monday, October 1st. They set a “buy” rating on the stock. Oppenheimer increased their target price on WillScot from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 3rd. Finally, Credit Suisse Group started coverage on WillScot in a report on Friday, August 17th. They set an “outperform” rating and a $20.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. WillScot has a consensus rating of “Buy” and an average target price of $18.50.

Shares of NASDAQ:WSC opened at $15.44 on Wednesday. WillScot has a fifty-two week low of $9.55 and a fifty-two week high of $18.19. The firm has a market capitalization of $1.65 billion and a price-to-earnings ratio of -3.97. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 2.26.

Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of WillScot by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 5,549,338 shares of the company’s stock valued at $95,171,000 after acquiring an additional 1,519,134 shares during the period. Wells Fargo & Company MN lifted its stake in shares of WillScot by 1,502.3% during the third quarter. Wells Fargo & Company MN now owns 3,256,162 shares of the company’s stock valued at $55,844,000 after acquiring an additional 3,052,946 shares during the period. BlackRock Inc. lifted its stake in shares of WillScot by 23.7% during the third quarter. BlackRock Inc. now owns 2,308,020 shares of the company’s stock valued at $39,583,000 after acquiring an additional 442,343 shares during the period. Loomis Sayles & Co. L P lifted its stake in shares of WillScot by 234.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,990,941 shares of the company’s stock valued at $34,144,000 after acquiring an additional 1,396,031 shares during the period. Finally, FMR LLC acquired a new position in shares of WillScot during the third quarter valued at $32,316,000. 44.53% of the stock is currently owned by institutional investors and hedge funds.

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 and Estimates for WillScot (NASDAQ:WSC)

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