FY2024 EPS Estimates for WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Reduced by William Blair

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) - Equities researchers at William Blair reduced their FY2024 earnings per share estimates for shares of WillScot Mobile Mini in a note issued to investors on Tuesday, April 9th. William Blair analyst T. Mulrooney now expects that the company will post earnings per share of $1.77 for the year, down from their previous forecast of $1.90. The consensus estimate for WillScot Mobile Mini's current full-year earnings is $2.02 per share.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $612.38 million during the quarter, compared to the consensus estimate of $619.63 million. WillScot Mobile Mini had a return on equity of 24.52% and a net margin of 20.15%. WillScot Mobile Mini's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share.

Several other equities research analysts have also weighed in on the company. Jefferies Financial Group lowered WillScot Mobile Mini from a "buy" rating to a "hold" rating and dropped their price target for the company from $58.00 to $42.00 in a research report on Monday, April 1st. Wells Fargo & Company lifted their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an "overweight" rating in a research report on Wednesday, February 21st. Barclays lifted their price target on WillScot Mobile Mini from $50.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, February 28th. Oppenheimer lifted their price target on WillScot Mobile Mini from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Friday, January 19th. Finally, Morgan Stanley assumed coverage on 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.38.

WillScot Mobile Mini Trading Down 1.2 %

Shares of WSC stock traded down $0.51 during trading hours on Thursday, reaching $41.59. The company's stock had a trading volume of 1,386,838 shares, compared to its average volume of 1,838,952. The stock has a market capitalization of $7.90 billion, a P/E ratio of 18.02, a P/E/G ratio of 0.98 and a beta of 1.34. WillScot Mobile Mini has a one year low of $34.40 and a one year high of $52.16. The firm's fifty day simple moving average is $47.29 and its 200 day simple moving average is $43.40. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 2.81.

Insider Transactions at WillScot Mobile Mini

In other news, Director Jeffrey Sagansky sold 75,000 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeffrey Sagansky sold 75,000 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 2,420,905 shares in the company, valued at $114,992,987.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley Lee Soultz purchased 5,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $47.76 per share, with a total value of $238,800.00. Following the purchase, 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.

Institutional Trading of WillScot Mobile Mini

Hedge funds have recently bought and sold shares of the company. Hexagon Capital Partners LLC purchased a new stake in WillScot Mobile Mini in the third quarter worth about $25,000. Bourgeon Capital Management LLC increased its position in WillScot Mobile Mini by 1,063.6% in the fourth quarter. Bourgeon Capital Management LLC now owns 640 shares of the company's stock worth $28,000 after buying an additional 585 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in WillScot Mobile Mini in the third quarter worth about $31,000. IFP Advisors Inc increased its position in WillScot Mobile Mini by 142.4% in the second quarter. IFP Advisors Inc now owns 778 shares of the company's stock worth $37,000 after buying an additional 457 shares in the last quarter. Finally, Quarry LP purchased a new stake in WillScot Mobile Mini in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 95.81% of the company's stock.

WillScot Mobile Mini Company Profile

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.