WillScot Mobile Mini (NASDAQ:WSC) Announces Quarterly Earnings Results

WillScot Mobile Mini (NASDAQ:WSC) posted its earnings results on Wednesday. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10), Briefing.com reports. The company had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. WillScot Mobile Mini had a return on equity of 24.27% and a net margin of 7.77%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. WillScot Mobile Mini updated its FY 2024 guidance to EPS.

WillScot Mobile Mini Trading Down 13.6 %

NASDAQ:WSC traded down $5.28 on Thursday, reaching $33.60. 8,713,319 shares of the stock traded hands, compared to its average volume of 2,119,598. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.25 and a beta of 1.35. WillScot Mobile Mini has a 1-year low of $32.71 and a 1-year high of $52.16. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 2.88. The company’s 50 day moving average is $38.10 and its 200-day moving average is $38.33.

Wall Street Analyst Weigh In

WSC has been the subject of several research reports. Stifel Nicolaus dropped their price objective on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Baird R W downgraded WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Oppenheimer lowered their target price on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Robert W. Baird cut their price target on WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Barclays downgraded WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $50.00 to $44.00 in a research note on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Hold” and a consensus price target of $45.40.

Insider Activity

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was acquired at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the acquisition, the chief executive officer now owns 149,686 shares in the company, valued at $5,833,263.42. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.30% of the company’s stock.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation 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.