Mister Car Wash (NYSE:MCW - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.300-0.340 for the period, compared to the consensus earnings per share estimate of 0.320. The company issued revenue guidance of $988.0 million-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Mister Car Wash also updated its FY24 guidance to $0.30-$0.34 EPS.
Mister Car Wash Stock Performance
MCW remained flat at $6.69 during trading on Wednesday. 2,664,854 shares of the company's stock were exchanged, compared to its average volume of 1,443,241. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 1.00. Mister Car Wash has a twelve month low of $4.80 and a twelve month high of $10.07. The business's 50-day simple moving average is $7.35 and its two-hundred day simple moving average is $7.58. The stock has a market capitalization of $2.13 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.22 and a beta of 1.65.
Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Mister Car Wash had a net margin of 8.64% and a return on equity of 9.81%. The company had revenue of $230.14 million for the quarter, compared to analysts' expectations of $230.89 million. As a group, sell-side analysts expect that Mister Car Wash will post 0.27 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on MCW shares. JPMorgan Chase & Co. started coverage on shares of Mister Car Wash in a report on Friday, February 16th. They issued a neutral rating and a $9.50 target price for the company. Robert W. Baird lifted their price objective on shares of Mister Car Wash from $10.00 to $12.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. Mizuho initiated coverage on shares of Mister Car Wash in a research note on Tuesday, March 19th. They set a buy rating and a $11.00 price objective for the company. Finally, Wells Fargo & Company dropped their price objective on shares of Mister Car Wash from $11.00 to $10.00 and set an overweight rating for the company in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Mister Car Wash has an average rating of Moderate Buy and a consensus target price of $9.85.
Check Out Our Latest Analysis on Mister Car Wash
Insiders Place Their Bets
In other Mister Car Wash news, COO Mayra Idali Chimienti sold 35,000 shares of the business's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $7.05, for a total value of $246,750.00. Following the completion of the transaction, the chief operating officer now directly owns 270,523 shares in the company, valued at $1,907,187.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mister Car Wash news, COO Mayra Idali Chimienti sold 35,000 shares of the business's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $7.05, for a total value of $246,750.00. Following the completion of the transaction, the chief operating officer now directly owns 270,523 shares in the company, valued at $1,907,187.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Duane Matheny sold 37,152 shares of the business's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $8.93, for a total transaction of $331,767.36. Following the completion of the transaction, the insider now owns 75,515 shares of the company's stock, valued at $674,348.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,161 shares of company stock worth $824,667. 70.00% of the stock is owned by corporate insiders.
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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