WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC – Get Rating) – Analysts at Oppenheimer decreased their Q1 2023 earnings per share (EPS) estimates for WillScot Mobile Mini in a report issued on Thursday, December 15th. Oppenheimer analyst S. Schneeberger now expects that the company will post earnings of $0.25 per share for the quarter, down from their previous estimate of $0.26. The consensus estimate for WillScot Mobile Mini’s current full-year earnings is $1.38 per share. Oppenheimer also issued estimates for WillScot Mobile Mini’s Q2 2023 earnings at $0.36 EPS, Q3 2023 earnings at $0.42 EPS, Q4 2023 earnings at $0.50 EPS and FY2024 earnings at $1.83 EPS.
Several other analysts have also issued reports on the company. Robert W. Baird increased their price objective on WillScot Mobile Mini from $45.00 to $53.00 in a report on Thursday, November 3rd. Barclays lifted their price target on WillScot Mobile Mini from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 2nd. Finally, Morgan Stanley increased their price objective on WillScot Mobile Mini from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday.
WillScot Mobile Mini Trading Down 0.8%
Shares of NASDAQ:WSC opened at $46.05 on Friday. WillScot Mobile Mini has a 12-month low of $30.52 and a 12-month high of $49.02. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $9.62 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 1.18 and a beta of 1.55. The firm has a fifty day moving average of $44.94 and a two-hundred day moving average of $40.38.
WillScot Mobile Mini (NASDAQ:WSC – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $604.17 million during the quarter, compared to analysts’ expectations of $583.43 million. WillScot Mobile Mini had a net margin of 14.80% and a return on equity of 15.36%.
Insider Buying and Selling at WillScot Mobile Mini
In other news, Director Jeffrey Sagansky sold 50,000 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $46.13, for a total value of $2,306,500.00. Following the completion of the sale, the director now directly owns 2,595,712 shares in the company, valued at $119,740,194.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 50,000 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $46.13, for a total value of $2,306,500.00. Following the sale, the director now owns 2,595,712 shares of the company’s stock, valued at approximately $119,740,194.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the stock in a transaction dated Monday, November 7th. The stock was bought at an average price of $46.88 per share, for a total transaction of $234,400.00. Following the completion of the purchase, the chief executive officer now owns 431,683 shares in the company, valued at approximately $20,237,299.04. The disclosure for this purchase can be found here. Corporate insiders own 2.80% of the company’s stock.
Hedge Funds Weigh In On WillScot Mobile Mini
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ellevest Inc. increased its holdings in WillScot Mobile Mini by 64.5% during the 2nd quarter. Ellevest Inc. now owns 5,306 shares of the company’s stock valued at $172,000 after purchasing an additional 2,080 shares in the last quarter. Emerald Advisers LLC lifted its position in WillScot Mobile Mini by 7.0% during the 2nd quarter. Emerald Advisers LLC now owns 61,821 shares of the company’s stock worth $2,004,000 after buying an additional 4,023 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in WillScot Mobile Mini during the 1st quarter worth about $32,000. PointState Capital LP acquired a new stake in WillScot Mobile Mini in the 2nd quarter valued at about $50,802,000. Finally, Maryland State Retirement & Pension System acquired a new stake in WillScot Mobile Mini in the 2nd quarter valued at about $541,000. 94.92% of the stock is currently owned by institutional investors and hedge funds.
WillScot Mobile Mini Company Profile
(Get Rating)
WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, education, energy and natural resources, government, and other end markets.
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