WillScot Mobile Mini (NASDAQ:WSC) Issues Earnings Results, Misses Expectations By $0.01 EPS

WillScot Mobile Mini (NASDAQ:WSC) issued its quarterly earnings data on Thursday. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01), Briefing.com reports. The company had revenue of $604.59 million for the quarter, compared to the consensus estimate of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 23.82%. WillScot Mobile Mini’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. WillScot Mobile Mini updated its FY 2024 guidance to EPS.

WillScot Mobile Mini Stock Down 10.8 %

Shares of WSC stock opened at $35.50 on Friday. The stock has a 50 day moving average of $38.89 and a 200 day moving average of $42.32. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 2.63. The stock has a market cap of $6.75 billion, a P/E ratio of 21.91, a P/E/G ratio of 1.14 and a beta of 1.38. WillScot Mobile Mini has a twelve month low of $34.40 and a twelve month high of $52.16.

Insider Activity at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average cost of $38.44 per share, for a total transaction of $192,200.00. Following the completion of the transaction, the chief executive officer now owns 157,771 shares in the company, valued at $6,064,717.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stifel Nicolaus lowered their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a report on Friday. DA Davidson lowered their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Bank of America lowered their price target on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a report on Friday. Oppenheimer lowered their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday. Finally, Robert W. Baird lowered their price target on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $50.20.

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.