WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Declares -- Dividend of $0.07

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Get Free Report) announced a -- dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.07 per share on Wednesday, March 19th. The ex-dividend date is Wednesday, March 5th.

WillScot Mobile Mini has a dividend payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect WillScot Mobile Mini to earn $1.77 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 15.8%.

WillScot Mobile Mini Price Performance

WillScot Mobile Mini stock traded down $2.72 during trading hours on Friday, hitting $35.95. 2,224,121 shares of the stock were exchanged, compared to its average volume of 2,127,516. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The stock has a market capitalization of $6.64 billion, a P/E ratio of 325.38, a P/E/G ratio of 2.05 and a beta of 1.41. WillScot Mobile Mini has a 12 month low of $32.57 and a 12 month high of $49.98. The business's 50-day moving average is $35.96 and its two-hundred day moving average is $36.92.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The business had revenue of $602.52 million for the quarter, compared to analysts' expectations of $606.55 million. Equities research analysts expect that WillScot Mobile Mini will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WSC shares. Barclays decreased their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and reduced their price objective for the company from $46.00 to $35.00 in a research note on Thursday, October 31st. Morgan Stanley raised shares of WillScot Mobile Mini from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $40.00 to $50.00 in a research note on Tuesday, December 17th. Finally, Baird R W cut shares of WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $45.50.

Insider Transactions at WillScot Mobile Mini

In other news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the transaction, the insider now directly owns 72,818 shares of the company's stock, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.30% of the company's stock.

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.