Q1 2024 EPS Estimates for WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Decreased by William Blair

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) - Investment analysts at William Blair lowered their Q1 2024 EPS estimates for WillScot Mobile Mini in a research note issued on Tuesday, April 9th. William Blair analyst T. Mulrooney now forecasts that the company will post earnings per share of $0.26 for the quarter, down from their prior forecast of $0.33. The consensus estimate for WillScot Mobile Mini's current full-year earnings is $2.02 per share. William Blair also issued estimates for WillScot Mobile Mini's Q2 2024 earnings at $0.41 EPS, Q3 2024 earnings at $0.51 EPS, Q4 2024 earnings at $0.59 EPS and FY2025 earnings at $2.28 EPS.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.09). WillScot Mobile Mini had a net margin of 20.15% and a return on equity of 24.52%. The company had revenue of $612.38 million during the quarter, compared to analysts' expectations of $619.63 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm's revenue was down .5% compared to the same quarter last year.

WSC has been the subject of a number of other reports. Morgan Stanley started coverage on shares of WillScot Mobile Mini in a research note on Monday, January 8th. They set an "equal weight" rating and a $45.00 price objective for the company. Stifel Nicolaus lowered their target price on shares of WillScot Mobile Mini from $58.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, April 4th. Wells Fargo & Company upped their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 21st. Oppenheimer upped their price objective on shares of WillScot Mobile Mini from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, January 19th. Finally, Barclays upped their price objective on shares of WillScot Mobile Mini from $50.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.38.

WillScot Mobile Mini Trading Down 2.7 %

WSC traded down $1.17 during trading on Wednesday, hitting $42.10. 1,512,454 shares of the stock traded hands, compared to its average volume of 1,845,505. The firm has a market capitalization of $8.00 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. 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 firm has a 50-day moving average of $47.39 and a 200 day moving average of $43.41. WillScot Mobile Mini has a 12-month low of $34.40 and a 12-month high of $52.16.

Insider Buying and Selling at WillScot Mobile Mini

In other news, Director Jeffrey Sagansky sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The shares were 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Bradley Lee Soultz bought 5,000 shares of the company's stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $47.76 per share, with a total value of $238,800.00. Following the transaction, the chief executive officer now directly owns 13,869 shares in the company, valued at approximately $662,383.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Sagansky sold 75,000 shares of the business's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $47.50, for a total value 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 disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WSC. Franklin Resources Inc. increased its holdings in WillScot Mobile Mini by 149.9% during the 4th quarter. Franklin Resources Inc. now owns 6,751,072 shares of the company's stock worth $300,423,000 after purchasing an additional 4,049,872 shares during the last quarter. Boston Partners purchased a new stake in WillScot Mobile Mini during the 4th quarter worth approximately $145,583,000. Norges Bank purchased a new stake in WillScot Mobile Mini during the 4th quarter worth approximately $101,809,000. Price T Rowe Associates Inc. MD increased its holdings in WillScot Mobile Mini by 47.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,313,445 shares of the company's stock worth $295,975,000 after purchasing an additional 2,020,576 shares during the last quarter. Finally, Capital Research Global Investors purchased a new stake in WillScot Mobile Mini during the 4th quarter worth approximately $81,981,000. Institutional investors and hedge funds own 95.81% of the company's stock.

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.