WillScot Mobile Mini (NASDAQ:WSC) Announces Earnings Results, Misses Estimates By $0.04 EPS

WillScot Mobile Mini (NASDAQ:WSC) issued its quarterly earnings results on Thursday. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04), Briefing.com reports. The company had revenue of $587.18 million during the quarter, compared to analysts’ expectations of $579.98 million. WillScot Mobile Mini had a return on equity of 24.06% and a net margin of 13.48%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS.

WillScot Mobile Mini Stock Performance

Shares of WSC opened at $37.35 on Friday. The company has a market capitalization of $7.10 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 0.88 and a beta of 1.36. WillScot Mobile Mini has a one year low of $34.40 and a one year 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. The company’s fifty day moving average price is $43.42 and its 200 day moving average price is $43.02.

Insider Buying and Selling

In related news, Director Jeffrey Sagansky sold 75,000 shares of WillScot Mobile Mini stock in a transaction on Friday, March 8th. The shares were sold at an average price of $47.50, for a total value of $3,562,500.00. Following the transaction, the director now owns 2,420,905 shares in the company, valued at approximately $114,992,987.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Bradley Lee Soultz purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the transaction, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at approximately $662,383.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Sagansky sold 75,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was 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 in the company, valued at $114,992,987.50. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

WSC has been the topic of several research analyst reports. Robert W. Baird lowered their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on WillScot Mobile Mini from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Barclays lifted their target price on WillScot Mobile Mini from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Jefferies Financial Group cut WillScot Mobile Mini from a “buy” rating to a “hold” rating and lowered their target price for the company from $58.00 to $42.00 in a research note on Monday, April 1st. Finally, Wells Fargo & Company lifted their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.13.

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.