WillScot Mobile Mini (NASDAQ:WSC) Issues Earnings Results

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter last year, the firm earned $0.46 EPS. The business'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

NASDAQ WSC traded down $5.74 on Thursday, reaching $33.14. 15,479,367 shares of the company's stock traded hands, compared to its average volume of 2,151,665. WillScot Mobile Mini has a fifty-two week low of $32.71 and a fifty-two week high of $52.16. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.25 and a beta of 1.35. The stock has a 50 day moving average price of $38.10 and a 200-day moving average price of $38.33.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WSC shares. Oppenheimer dropped their price target on WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and cut their target price for the stock from $46.00 to $35.00 in a research report on Thursday. Bank of America lowered their price objective on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus cut their price target on WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Finally, Baird R W downgraded shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $45.40.

Insider Transactions at WillScot Mobile Mini

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the transaction, the chief executive officer now directly owns 149,686 shares of the company's stock, valued at approximately $5,833,263.42. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.30% of the company's stock.

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.