WillScot Mobile Mini (NASDAQ:WSC) Issues Earnings Results, Misses Estimates By $0.01 EPS

WillScot Mobile Mini (NASDAQ:WSC) released its quarterly earnings data on Thursday. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01), Briefing.com reports. WillScot Mobile Mini had a return on equity of 24.14% and a net margin of 13.48%. The firm had revenue of $604.59 million for the quarter, compared to analyst estimates of $614.85 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. WillScot Mobile Mini updated its FY 2024 guidance to EPS.

WillScot Mobile Mini Trading Down 10.8 %

Shares of WillScot Mobile Mini stock traded down $4.31 on Friday, reaching $35.50. 6,336,437 shares of the company’s stock were exchanged, compared to its average volume of 2,044,122. The firm’s 50-day moving average is $38.97 and its two-hundred day moving average is $42.37. The company has a market capitalization of $6.75 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.89 and a current ratio of 0.97. WillScot Mobile Mini has a 52 week low of $34.40 and a 52 week high of $52.16.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz purchased 5,000 shares of WillScot Mobile Mini stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $38.44 per share, with a total value of $192,200.00. Following the transaction, the chief executive officer now owns 157,771 shares in the company, valued at approximately $6,064,717.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WSC has been the topic of a number of recent analyst reports. Bank of America decreased their target price on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Friday. DA Davidson cut their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Oppenheimer decreased their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday. Stifel Nicolaus decreased their price target on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday. Finally, Robert W. Baird dropped their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.20.

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.