William Blair Brokers Reduce Earnings Estimates for WSC

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) - Research analysts at William Blair cut their Q4 2024 earnings estimates for shares of WillScot Mobile Mini in a note issued to investors on Thursday, October 31st. William Blair analyst T. Mulrooney now anticipates that the company will post earnings of $0.49 per share for the quarter, down from their previous estimate of $0.60. The consensus estimate for WillScot Mobile Mini's current full-year earnings is $1.76 per share. William Blair also issued estimates for WillScot Mobile Mini's Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.57 EPS and FY2025 earnings at $1.95 EPS.

A number of other brokerages have also recently commented on WSC. Oppenheimer reduced their target price on shares of WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Robert W. Baird reduced their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday. Baird R W cut shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and cut their price target for the stock from $46.00 to $35.00 in a report on Thursday. Finally, Stifel Nicolaus lowered their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $45.00.

WillScot Mobile Mini Stock Performance

WSC traded up $3.40 on Friday, reaching $36.54. The company had a trading volume of 8,952,807 shares, compared to its average volume of 2,183,746. WillScot Mobile Mini has a 1 year low of $32.71 and a 1 year high of $52.16. The stock has a market capitalization of $6.89 billion, a PE ratio of 331.27, a P/E/G ratio of 1.25 and a beta of 1.35. 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 50-day moving average price of $38.01 and a 200-day moving average price of $38.29.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The firm had revenue of $601.43 million for the quarter, compared to analysts' expectations of $617.83 million. WillScot Mobile Mini had a return on equity of 22.99% and a net margin of 1.05%. WillScot Mobile Mini's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share.

Institutional Investors Weigh In On WillScot Mobile Mini

A number of large investors have recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC grew its holdings in WillScot Mobile Mini by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 20,210 shares of the company's stock valued at $760,000 after purchasing an additional 936 shares in the last quarter. Malaga Cove Capital LLC grew its holdings in WillScot Mobile Mini by 94.3% during the 3rd quarter. Malaga Cove Capital LLC now owns 11,735 shares of the company's stock worth $441,000 after acquiring an additional 5,695 shares in the last quarter. Bislett Management LLC grew its holdings in WillScot Mobile Mini by 3.1% during the 3rd quarter. Bislett Management LLC now owns 1,170,000 shares of the company's stock worth $43,992,000 after acquiring an additional 35,000 shares in the last quarter. River Road Asset Management LLC grew its holdings in WillScot Mobile Mini by 4.7% during the 3rd quarter. River Road Asset Management LLC now owns 1,409,803 shares of the company's stock worth $53,009,000 after acquiring an additional 63,752 shares in the last quarter. Finally, Cannon Global Investment Management LLC acquired a new position in WillScot Mobile Mini during the 3rd quarter worth $564,000. 95.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the business's stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $38.97 per share, with a total value of $194,850.00. Following the purchase, the chief executive officer now owns 149,686 shares in the company, valued at approximately $5,833,263.42. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is currently owned by insiders.

WillScot Mobile Mini Company Profile

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.