WillScot (NASDAQ:WSC) Announces Quarterly Earnings Results

WillScot (NASDAQ:WSC) posted its quarterly earnings data on Thursday. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04), FiscalAI reports. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The company had revenue of $565.97 million during the quarter, compared to the consensus estimate of $545.34 million.

WillScot Stock Performance

Shares of NASDAQ:WSC traded up $0.02 during mid-day trading on Thursday, reaching $22.11. 1,898,875 shares of the company traded hands, compared to its average volume of 1,742,471. WillScot has a 52 week low of $14.91 and a 52 week high of $39.12. The firm has a market cap of $4.02 billion, a PE ratio of 18.27, a PEG ratio of 1.96 and a beta of 1.12. The company’s 50 day moving average price is $20.68 and its 200-day moving average price is $21.40. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.79 and a quick ratio of 0.72.

Institutional Trading of WillScot

Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in WillScot by 149.9% during the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after acquiring an additional 1,238 shares during the period. Danske Bank A S bought a new stake in shares of WillScot during the third quarter worth $44,000. Advisors Asset Management Inc. boosted its stake in shares of WillScot by 160.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock valued at $56,000 after purchasing an additional 1,824 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of WillScot by 130.3% in the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in WillScot by 23.7% in the 4th quarter. Quadrant Capital Group LLC now owns 4,013 shares of the company’s stock worth $76,000 after buying an additional 768 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on WSC. Citigroup increased their target price on WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. DA Davidson decreased their price objective on WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, November 10th. Barclays lowered their price objective on WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $23.00 target price (up from $22.00) on shares of WillScot in a research report on Wednesday, January 21st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $21.00 price target (down from $37.00) on shares of WillScot in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.88.

WillScot Company Profile

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.