WillScot Mobile Mini (NASDAQ:WSC) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

WillScot Mobile Mini (NASDAQ:WSC) issued its quarterly earnings data on Thursday. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01, Zacks reports. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock traded down $0.38 during trading hours on Thursday, reaching $38.67. The company’s stock had a trading volume of 2,442,910 shares, compared to its average volume of 2,107,424. WillScot Mobile Mini has a one year low of $32.57 and a one year high of $50.22. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. The firm has a 50 day moving average price of $35.91 and a 200-day moving average price of $36.91. The stock has a market cap of $7.14 billion, a P/E ratio of 351.58, a P/E/G ratio of 2.00 and a beta of 1.41.

WillScot Mobile Mini Announces Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 5th. WillScot Mobile Mini’s dividend payout ratio is presently 254.55%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WSC shares. Morgan Stanley raised WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $50.00 in a research report on Tuesday, December 17th. Barclays dropped their price target on shares of WillScot Mobile Mini from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a “buy” rating to a “hold” rating and decreased their price objective for the company from $46.00 to $35.00 in a research report on Thursday, October 31st. Robert W. Baird dropped their target price on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Baird R W cut WillScot Mobile Mini from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.50.

Insider Activity at WillScot Mobile Mini

In other WillScot Mobile Mini news, insider Graeme Parkes sold 2,900 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at $2,694,994.18. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is currently owned by 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.