WillScot (NASDAQ:WSC) Releases Quarterly Earnings Results

Key Points

• WillScot reported a quarterly earnings per share of $0.27, missing the expectation of $0.36, with a net margin of 4.66% and revenue of $589.08 million.
• The company's stock price fell by 13.7% on Friday, reaching $25.33, amid a significant trading volume of 9,705,258 shares.
• WillScot announced a quarterly dividend of $0.07, translating to an annual yield of 1.1%, despite a payout ratio of 311.11%.

WillScot (NASDAQ:WSC - Get Free Report) posted its earnings results on Thursday. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09), Zacks reports. The firm had revenue of $589.08 million for the quarter, compared to analyst estimates of $587.07 million. WillScot had a return on equity of 24.83% and a net margin of 4.66%. The firm's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. WillScot updated its FY 2025 guidance to EPS.

WillScot Trading Down 3.2%

Shares of WillScot stock traded down $0.82 on Wednesday, reaching $24.53. 2,468,159 shares of the company's stock were exchanged, compared to its average volume of 2,691,946. The company has a market capitalization of $4.47 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 2.14 and a beta of 1.20. WillScot has a 52 week low of $21.91 and a 52 week high of $42.15. The firm's 50-day moving average is $28.45 and its two-hundred day moving average is $29.70. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81.

WillScot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 3rd. WillScot's dividend payout ratio is presently 46.67%.

Insider Activity

In other news, Director Dominick P. Zarcone bought 10,000 shares of the stock in a transaction dated Tuesday, June 17th. The shares were bought at an average cost of $26.19 per share, with a total value of $261,900.00. Following the completion of the transaction, the director directly owned 15,384 shares of the company's stock, valued at $402,906.96. This trade represents a 185.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WillScot stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 724,638 shares of the company's stock after acquiring an additional 8,963 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.39% of WillScot worth $20,145,000 at the end of the most recent quarter. 95.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on WSC. Morgan Stanley dropped their price target on WillScot from $39.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday. William Blair restated a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Finally, DA Davidson decreased their target price on shares of WillScot from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, WillScot currently has a consensus rating of "Hold" and a consensus target price of $36.00.

WillScot Company Profile

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.