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

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

WillScot Mobile Mini Stock Performance

WSC traded down $5.48 during trading hours on Thursday, hitting $33.40. The stock had a trading volume of 7,778,889 shares, compared to its average volume of 2,112,582. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 2.88. The stock has a market cap of $6.35 billion, a PE 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’s fifty day simple moving average is $38.10 and its 200 day simple moving average is $38.33.

Insider Buying and Selling at WillScot Mobile Mini

In related news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $38.97 per share, with a total value of $194,850.00. Following the acquisition, the chief executive officer now directly owns 149,686 shares of the company’s stock, valued at $5,833,263.42. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WSC shares. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their target price for the company from $46.00 to $35.00 in a research report on Thursday. Stifel Nicolaus decreased their target price on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. DA Davidson decreased their target price on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Baird R W lowered WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Bank of America decreased their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $45.40.

About WillScot Mobile Mini

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.