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) released its quarterly earnings results on Thursday. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09), Zacks reports. WillScot had a net margin of 4.66% and a return on equity of 24.87%. The business had revenue of $589.08 million during the quarter, compared to analysts' expectations of $587.07 million. During the same period in the previous year, the business earned $0.39 EPS. The business's revenue was down 2.6% on a year-over-year basis. WillScot updated its FY 2025 guidance to EPS.

WillScot Trading Down 13.7%

WillScot stock traded down $4.02 during trading hours on Friday, reaching $25.33. The company had a trading volume of 9,705,258 shares, compared to its average volume of 1,674,535. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.83 and a quick ratio of 0.76. The company has a 50-day moving average price of $28.49 and a 200 day moving average price of $29.87. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 42.22, a P/E/G ratio of 1.61 and a beta of 1.20. WillScot has a 12-month low of $21.91 and a 12-month high of $42.15.

WillScot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. WillScot's payout ratio is 311.11%.

Wall Street Analyst Weigh In

Several analysts have weighed in on WSC shares. DA Davidson lowered their price target on WillScot from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley raised their price target on WillScot from $38.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Barclays lowered their price target on WillScot from $40.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Finally, William Blair reaffirmed a "market perform" rating on shares of WillScot in a report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, WillScot has an average rating of "Moderate Buy" and an average price target of $39.75.

Insider Buying and Selling

In other WillScot news, Director Dominick P. Zarcone acquired 10,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were purchased at an average cost of $26.19 per share, for a total transaction of $261,900.00. Following the transaction, the director owned 15,384 shares in the company, valued at $402,906.96. This represents a 185.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bradley Lee Soultz purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average price of $26.79 per share, for a total transaction of $267,900.00. Following the completion of the transaction, the chief executive officer directly owned 128,817 shares of the company's stock, valued at $3,451,007.43. This represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On WillScot

An institutional investor recently raised its position in WillScot stock. Royal Bank of Canada lifted its holdings in WillScot Holdings Corporation (NASDAQ:WSC - Free Report) by 24.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,684 shares of the company's stock after purchasing an additional 6,651 shares during the quarter. Royal Bank of Canada's holdings in WillScot were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 95.81% of the company's stock.

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.

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