WillScot Mobile Mini (NASDAQ:WSC) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

WillScot Mobile Mini (NASDAQ:WSC) posted its 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 business had revenue of $587.18 million for the quarter, compared to the consensus estimate of $579.98 million. WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share.

WillScot Mobile Mini Stock Down 0.7 %

Shares of WillScot Mobile Mini stock traded down $0.25 during trading on Friday, reaching $37.35. 3,327,374 shares of the company traded hands, compared to its average volume of 1,970,438. The firm has a market capitalization of $7.10 billion, a PE ratio of 16.14, a P/E/G ratio of 0.87 and a beta of 1.36. WillScot Mobile Mini has a 1-year low of $34.40 and a 1-year high of $52.16. The company has a 50 day moving average price of $43.63 and a 200-day moving average price of $43.06. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.01 and a quick ratio of 0.93.

Insiders Place Their Bets

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

Analysts Set New Price Targets

WSC has been the topic of several analyst reports. Stifel Nicolaus decreased their price objective on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft raised their price objective on WillScot Mobile Mini from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Oppenheimer upped their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Robert W. Baird lowered their price target on shares of WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Finally, Wells Fargo & Company increased their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.13.

About WillScot Mobile Mini

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.