$0.08 EPS Expected for WillScot Corp (NASDAQ:WSC) This Quarter

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Wall Street analysts expect WillScot Corp (NASDAQ:WSC) to post $0.08 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for WillScot’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.10. WillScot reported earnings per share of ($0.10) during the same quarter last year, which suggests a positive year over year growth rate of 180%. The firm is scheduled to report its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that WillScot will report full-year earnings of $0.05 per share for the current fiscal year, with EPS estimates ranging from ($0.09) to $0.18. For the next financial year, analysts anticipate that the business will post earnings of $0.74 per share, with EPS estimates ranging from $0.56 to $0.88. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for WillScot.

A number of analysts recently commented on WSC shares. Zacks Investment Research downgraded WillScot from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. DA Davidson started coverage on WillScot in a report on Tuesday, June 25th. They set a “buy” rating and a $19.00 price objective for the company. Finally, TheStreet raised WillScot from a “d-” rating to a “c-” rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.31.

Shares of WSC traded up $0.09 on Thursday, reaching $14.09. 352,352 shares of the company’s stock traded hands, compared to its average volume of 573,728. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.50. The stock has a market cap of $1.65 billion, a PE ratio of 74.16, a PEG ratio of 11.73 and a beta of 1.77. The stock’s 50 day simple moving average is $15.03 and its two-hundred day simple moving average is $12.98. WillScot has a 52-week low of $8.21 and a 52-week high of $18.19.

Several institutional investors have recently bought and sold shares of WSC. Bank of New York Mellon Corp lifted its holdings in shares of WillScot by 8.9% during the fourth quarter. Bank of New York Mellon Corp now owns 138,469 shares of the company’s stock worth $1,304,000 after buying an additional 11,290 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of WillScot during the fourth quarter worth approximately $1,253,000. Geode Capital Management LLC lifted its holdings in shares of WillScot by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 411,536 shares of the company’s stock worth $3,876,000 after buying an additional 28,442 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of WillScot by 471.9% during the fourth quarter. Bank of America Corp DE now owns 410,631 shares of the company’s stock worth $3,867,000 after buying an additional 338,829 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of WillScot by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,854 shares of the company’s stock worth $102,000 after buying an additional 8,477 shares during the last quarter. 47.95% of the stock is owned by hedge funds and other institutional investors.

About WillScot

Willscot Corp. operates as a holding company, which engages in the provision of modular space and portable storage markets. Its services include furniture rental, transportation and logistics, storage & facilities services and commercial real estate. The company was founded by Albert Vaughn Williams in 1944 and is headquartered in Baltimore, MD.

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