Mister Car Wash (NYSE:MCW - Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect Mister Car Wash to post earnings of $0.10 per share and revenue of $257.87 million for the quarter.
Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. During the same period in the previous year, the company earned $0.08 earnings per share. The company's quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts expect Mister Car Wash to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Mister Car Wash Stock Performance
NYSE:MCW traded up $0.23 during mid-day trading on Monday, hitting $7.77. The stock had a trading volume of 487,573 shares, compared to its average volume of 1,509,058. The company's 50 day simple moving average is $7.62 and its 200 day simple moving average is $7.56. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 1.65 and a beta of 1.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. Mister Car Wash has a twelve month low of $5.84 and a twelve month high of $8.60.
Insider Transactions at Mister Car Wash
In other Mister Car Wash news, insider Joseph Duane Matheny sold 6,410 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $8.01, for a total transaction of $51,344.10. Following the transaction, the insider now owns 81,206 shares of the company's stock, valued at $650,460.06. This represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jedidiah Marc Gold sold 93,121 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.51, for a total transaction of $792,459.71. Following the sale, the chief financial officer now directly owns 55,437 shares of the company's stock, valued at $471,768.87. This represents a 62.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 286,009 shares of company stock worth $2,397,123 over the last three months. 70.00% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. UBS Group cut their target price on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research note on Thursday. Raymond James started coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 target price on the stock. Morgan Stanley lifted their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Wells Fargo & Company cut their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Finally, Stephens lowered their target price on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Mister Car Wash has a consensus rating of "Hold" and an average target price of $8.46.
View Our Latest Analysis on MCW
About Mister Car Wash
(
Get Free Report)
Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.
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