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

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04), Zacks reports. The company had revenue of $559.55 million for the quarter, compared to analysts' expectations of $555.51 million. WillScot Mobile Mini had a return on equity of 24.67% and a net margin of 1.17%. WillScot Mobile Mini's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. WillScot Mobile Mini updated its FY 2025 guidance to EPS.

WillScot Mobile Mini Stock Performance

Shares of WillScot Mobile Mini stock traded down $0.26 on Monday, hitting $27.04. The stock had a trading volume of 1,955,196 shares, compared to its average volume of 2,713,932. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 180.28, a P/E/G ratio of 2.18 and a beta of 1.28. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 3.42. WillScot Mobile Mini has a 52-week low of $21.91 and a 52-week high of $43.80. The company's 50 day moving average price is $27.20 and its 200 day moving average price is $33.28.

WillScot Mobile Mini Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Wednesday, June 4th. WillScot Mobile Mini's payout ratio is 311.11%.

Analysts Set New Price Targets

A number of analysts recently weighed in on WSC shares. Oppenheimer cut their target price on shares of WillScot Mobile Mini from $41.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Morgan Stanley dropped their price objective on shares of WillScot Mobile Mini from $50.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird decreased their price objective on shares of WillScot Mobile Mini from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Finally, Barclays dropped their target price on WillScot Mobile Mini from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.

Insider Buying and Selling

In other WillScot Mobile Mini news, Director Erik Olsson sold 110,307 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $30.19, for a total transaction of $3,330,168.33. Following the transaction, the director now directly owns 626,306 shares of the company's stock, valued at approximately $18,908,178.14. This trade represents a 14.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Timothy D. Boswell bought 5,000 shares of WillScot Mobile Mini stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $29.14 per share, with a total value of $145,700.00. Following the completion of the acquisition, the chief operating officer now directly owns 34,156 shares of the company's stock, valued at approximately $995,305.84. The trade was a 17.15 % increase in their position. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by company insiders.

About WillScot Mobile Mini

WillScot Holdings Corporation 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.