FY2024 EPS Estimates for WillScot Mobile Mini Holdings Corp. Reduced by Analyst (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) – Analysts at William Blair cut their FY2024 EPS estimates for shares of WillScot Mobile Mini in a research report issued on Tuesday, April 9th. William Blair analyst T. Mulrooney now expects that the company will post earnings of $1.77 per share for the year, down from their prior forecast of $1.90. The consensus estimate for WillScot Mobile Mini’s current full-year earnings is $2.02 per share.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Stifel Nicolaus lowered their price target on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. Jefferies Financial Group cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their price target for the stock from $58.00 to $42.00 in a research note on Monday, April 1st. Morgan Stanley began coverage on shares of WillScot Mobile Mini in a research note on Monday, January 8th. They set an “equal weight” rating and a $45.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini presently has an average rating of “Moderate Buy” and an average price target of $52.38.

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock opened at $42.10 on Thursday. The firm’s fifty day simple moving average is $47.39 and its 200-day simple moving average is $43.41. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 0.98 and a beta of 1.34. WillScot Mobile Mini has a 12 month low of $34.40 and a 12 month high of $52.16. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.01 and a quick ratio of 0.93.

WillScot Mobile Mini (NASDAQ:WSC) last announced its earnings results on Tuesday, February 20th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.09). The business had revenue of $612.38 million during the quarter, compared to analyst estimates of $619.63 million. WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC grew its position in WillScot Mobile Mini by 1.3% in the third quarter. Clearbridge Investments LLC now owns 5,609,388 shares of the company’s stock valued at $233,294,000 after acquiring an additional 73,119 shares in the last quarter. Trust Point Inc. acquired a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $1,017,000. Citigroup Inc. grew its position in WillScot Mobile Mini by 233.8% in the third quarter. Citigroup Inc. now owns 88,896 shares of the company’s stock valued at $3,697,000 after acquiring an additional 62,262 shares in the last quarter. Osborne Partners Capital Management LLC acquired a new stake in WillScot Mobile Mini in the fourth quarter valued at approximately $6,306,000. Finally, Assenagon Asset Management S.A. grew its position in WillScot Mobile Mini by 252.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 65,429 shares of the company’s stock valued at $2,912,000 after acquiring an additional 46,866 shares in the last quarter. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the acquisition, the chief executive officer now directly owns 13,869 shares in the company, valued at approximately $662,383.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $47.50, for a total value of $3,562,500.00. Following the transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $47.76 per share, for a total transaction of $238,800.00. Following the acquisition, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The disclosure for this purchase can be found here. 3.10% of the stock is owned by insiders.

About WillScot Mobile Mini

WillScot Mobile Mini Holdings Corp. provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.