WillScot Mobile Mini (NASDAQ:WSC) Announces Results
WillScot Mobile Mini (NASDAQ: WSC – Get a rating) released its quarterly results on Thursday. The company reported earnings per share of $0.32 for the quarter, beating the Zacks consensus estimate of $0.29 by $0.03, Briefing.com reports. The company posted revenue of $517.92 million for the quarter, versus a consensus estimate of $493.73 million. WillScot Mobile Mini had a net margin of 7.30% and a return on equity of 8.61%. WillScot Mobile Mini revenue increased 18.3% year over year. In the same quarter last year, the company posted earnings per share of $0.25. WillScot Mobile Mini has updated its guidance for fiscal year 2022 on EPS.
WillScot Mobile Mini stock traded down $0.57 during Friday trading hours, hitting $37.12. 67,759 shares of the company were traded, against an average volume of 1,552,597. The company has a market capitalization of $8.40 billion, a P/E ratio of 61.79, a P/E/G ratio of 0.94 and a beta of 1.75. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt ratio of 1.33. The company’s 50-day simple moving average is $38.36 and its two-hundred-day simple moving average is $35.18. WillScot Mobile Mini has a 1 year minimum of $24.51 and a 1 year maximum of $42.00.
In other WillScot Mobile Mini news, Director Michael W. Upchurch bought 10,000 shares of the company in a transaction that took place on Tuesday, December 14. The shares were acquired at an average cost of $38.43 per share, with a total value of $384,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. 23.04% of the shares are currently held by insiders of the company.
URGENT: Stocks plummet after Russian invasion of Ukraine. The closure of a major pipeline to Russia could create a historic shock to oil prices and send oil inventories skyrocketing. But do NOT buy Chevron or ExxonMobil. Instead, this little Texas oil stock could earn you 100+% if you get in right away, before the oil crisis escalates.
A number of large investors have recently changed their positions in WSC. Morgan Stanley increased its stake in WillScot Mobile Mini by 112.8% in the second quarter. Morgan Stanley now owns 1,799,495 shares of the company worth $50,152,000 after buying an additional 953,996 shares last quarter. William Blair Investment Management LLC increased its stake in WillScot Mobile Mini by 42.4% in the fourth quarter. William Blair Investment Management LLC now owns 695,601 shares of the company worth $28,408,000 after purchasing an additional 207,252 shares in the last quarter. Wells Fargo & Company MN increased its stake in WillScot Mobile Mini by 11.2% in the fourth quarter. Wells Fargo & Company MN now owns 545,707 shares of the company worth $22,287,000 after purchasing an additional 55,018 shares last quarter. Sei Investments Co. increased its holdings in WillScot Mobile Mini by 37.8% in the fourth quarter. Sei Investments Co. now owns 363,309 shares of the company worth $14,828,000 after purchasing an additional 99,588 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in WillScot Mobile Mini by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 258,653 shares of the company valued at $10,563,000 after acquiring an additional 4,450 shares during the period. 97.56% of the shares are currently held by institutional investors.
WSC has been the subject of a number of recent research reports. DA Davidson raised its price target on shares of WillScot Mobile Mini from $37.00 to $43.00 and gave the stock a “buy” rating in a Monday, Nov. 8 research report. Credit Suisse Group raised its price target on shares of WillScot Mobile Mini from $40.00 to $45.00 and gave the stock an “outperform” rating in a Tuesday, Nov. 9 research report. Zacks Investment Research downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating in a Wednesday, Feb. 9 research report. Finally, Oppenheimer raised his price target on WillScot Mobile Mini shares from $36.00 to $42.00 and gave the company an “outperform” rating in a Tuesday, Nov. 9 research report. Two research analysts gave the stock a hold rating and six gave the stock a buy rating. Based on data from MarketBeat, WillScot Mobile Mini currently has an average rating of “Buy” and a consensus target price of $38.50.
About WillScot Mobile Mini (Get a rating)
WillScot Mobile Mini Holdings Corp. provides modular and portable storage services. The company offers furniture rental, transportation and logistics, storage and facilities, and commercial real estate services. It offers turnkey office space and warehousing solutions for temporary applications in commercial and industrial, construction, retail, education, healthcare, government, transport, security and energy.
Read more
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in WillScot Mobile Mini right now?
Before you consider WillScot Mobile Mini, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and WillScot Mobile Mini wasn’t on the list.
Although WillScot Mobile Mini currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here
