WillScot Mobile Mini (NASDAQ:WSC) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

WillScot Mobile Mini (NASDAQ:WSC) released its earnings results on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04), Briefing.com reports. The firm had revenue of $587.18 million during the quarter, compared to the consensus estimate of $579.98 million. WillScot Mobile Mini had a return on equity of 24.06% and a net margin of 13.48%. WillScot Mobile Mini’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS.

WillScot Mobile Mini Stock Down 0.7 %

Shares of WillScot Mobile Mini stock opened at $37.35 on Friday. WillScot Mobile Mini has a 1 year low of $34.40 and a 1 year high of $52.16. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.01 and a quick ratio of 0.93. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 0.89 and a beta of 1.36. The firm’s 50-day moving average is $43.42 and its two-hundred day moving average is $43.02.

Insider Activity

In other WillScot Mobile Mini news, Director Jeffrey Sagansky sold 75,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the sale, the director now owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jeffrey Sagansky sold 75,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $47.50, for a total transaction of $3,562,500.00. Following the transaction, the director now directly owns 2,420,905 shares of the company’s stock, valued at approximately $114,992,987.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bradley Lee Soultz acquired 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $47.76 per share, for a total transaction of $238,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 13,869 shares of the company’s stock, valued at $662,383.44. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their target price on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Robert W. Baird reduced their target price on WillScot Mobile Mini from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Stifel Nicolaus decreased their target price on WillScot Mobile Mini from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, April 4th. Jefferies Financial Group cut shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price target for the stock from $58.00 to $42.00 in a report on Monday, April 1st. Finally, Oppenheimer lifted their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.13.

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.