WillScot Mobile Mini (WSC) Set to Announce Quarterly Earnings on Thursday

WillScot Mobile Mini (NASDAQ:WSC) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect WillScot Mobile Mini to post earnings of $0.32 per share for the quarter. WillScot Mobile Mini has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

WillScot Mobile Mini (NASDAQ:WSC) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). The firm had revenue of $612.38 million for the quarter, compared to analyst estimates of $619.63 million. WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. On average, analysts expect WillScot Mobile Mini to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

WillScot Mobile Mini Stock Up 1.1 %

WillScot Mobile Mini stock opened at $39.15 on Tuesday. The firm has a market capitalization of $7.44 billion, a PE ratio of 16.80, a P/E/G ratio of 0.92 and a beta of 1.34. The company’s 50-day moving average is $44.35 and its 200-day moving average is $43.18. WillScot Mobile Mini has a fifty-two week low of $34.40 and a fifty-two week 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.

Analyst Ratings Changes

WSC has been the topic of several recent analyst reports. Oppenheimer boosted their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Stifel Nicolaus lowered their price objective 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. Wells Fargo & Company boosted their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Morgan Stanley started coverage on shares of WillScot Mobile Mini in a research note on Monday, January 8th. They issued an “equal weight” rating and a $45.00 price target on the stock. Finally, Barclays upped their price target on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.13.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Jeffrey Sagansky sold 75,000 shares of the company’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 transaction of $3,562,500.00. Following the completion of the sale, the director now owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The sale 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 company’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 transaction of $3,562,500.00. Following the completion of the transaction, the director now directly owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased 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 owns 13,869 shares in the company, valued at $662,383.44. The disclosure for this purchase can be found here. Insiders own 3.10% of the company’s stock.

WillScot Mobile Mini Company Profile

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.