Q4 2018 Earnings Forecast for WillScot Corp (WSC) Issued By Jefferies Financial Group
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.
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.
Further Reading: How to Use a Moving Average for Trading
Receive News & Ratings for WillScot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WillScot and related companies with MarketBeat.com's FREE daily email newsletter.