Zacks: Analysts Expect WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) Announces Quarterly Sales of $496.46 Million

Wall Street brokers expect WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) announces sales of $496.46 million for the current quarter, Zacks reports. Three analysts have released earnings estimates for WillScot Mobile Mini, with the lowest sales estimate at $487.79 million and the highest estimate at $513.60 million. WillScot Mobile Mini recorded sales of $437.65 million in the same quarter last year, suggesting a positive year-over-year growth rate of 13.4%. The company is expected to release its next earnings report on Thursday, February 24.

On average, analysts expect WillScot Mobile Mini to record annual sales of $1.88 billion in the current fiscal year, with estimates ranging from $1.86 billion to $1.89 billion. For next year, analysts expect the company to post sales of $2.03 billion, with estimates ranging from $1.98 billion to $2.07 billion. Zacks sales calculations are an average average based on a survey of sell-side analysts who track WillScot Mobile Mini.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly results on Thursday, November 4. The company reported earnings per share (EPS) of $0.26 for the quarter, beating the consensus estimate of $0.19 by $0.07. WillScot Mobile Mini had a return on equity of 8.61% and a net margin of 7.30%. The company posted revenue of $490.55 million in the quarter, compared to a consensus estimate of $464.66 million.

A number of brokerages have recently commented on WSC. Credit Suisse Group raised its price target on WillScot Mobile Mini from $40.00 to $45.00 and gave the stock an “outperform” rating in a Tuesday, Nov. 9 research report. DA Davidson raised its price target on WillScot Mobile Mini from $37.00 to $43.00 and gave the company a “buy” rating in a Monday, November 8 research report. Oppenheimer raised its price target on WillScot Mobile Mini from $36.00 to $42.00 and gave the company an “outperform” rating in a Tuesday, Nov. 9 research report. Finally, Zacks Investment Research upgraded WillScot Mobile Mini from a “hold” rating to a “buy” rating and set a target price of $44.00 on the stock in a research report on Tuesday, November 16. One analyst gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat.com, the stock currently has an average buy rating and a consensus target price of $38.50.

In other WillScot Mobile Mini news, Director Michael W. Upchurch bought 10,000 shares of WillScot Mobile Mini in a trade on Tuesday, December 14. The shares were acquired at an average price of $38.43 per share, with a total value of $384,300.00. The purchase was disclosed in an SEC filing, available at this link. Insiders of the company own 23.04% of the shares of the company.

Institutional investors and hedge funds have recently changed their holdings in the company. Occudo Quantitative Strategies LP increased its stake in WillScot Mobile Mini by 21.0% in Q2. Occudo Quantitative Strategies LP now owns 50,412 shares of the company worth $1,405,000 after buying 8,745 additional shares in the last quarter. Emerald Advisers LLC increased its stake in shares of WillScot Mobile Mini by 16.7% during the third quarter. Emerald Advisers LLC now owns 31,826 shares of the company worth $1,010,000 after purchasing an additional 4,562 shares in the last quarter. Vanguard Group Inc. increased its position in WillScot Mobile Mini by 23.7% in the second quarter. Vanguard Group Inc. now owns 20,365,604 shares of the company valued at $567,589,000 after acquiring an additional 3,905,839 shares in the last quarter. ProShare Advisors LLC increased its position in WillScot Mobile Mini by 4.7% in the second quarter. ProShare Advisors LLC now owns 48,487 shares of the company valued at $1,351,000 after acquiring 2,193 additional shares in the last quarter. Finally, Walleye Trading LLC purchased a new equity stake in WillScot Mobile Mini in the second quarter valued at approximately $366,000. Hedge funds and other institutional investors hold 97.56% of the company’s shares.

WSC opened at $36.98 on Tuesday. WillScot Mobile Mini has a fifty-two week minimum of $23.22 and a fifty-two week maximum of $42.00. The company has a debt ratio of 1.33, a quick ratio of 0.82 and a current ratio of 0.88. The company has a market capitalization of $8.37 billion, a P/E ratio of 59.07, a P/E/G ratio of 0.98 and a beta of 1.75. The stock has a fifty-day moving average of $39.32 and a 200-day moving average of $33.72.

About WillScot Mobile Mini

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.

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