Equities analysts expect that WillScot Corp (NASDAQ:WSC) will report $261.25 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for WillScot’s earnings, with estimates ranging from $256.26 million to $267.50 million. WillScot reported sales of $140.33 million in the same quarter last year, which would suggest a positive year over year growth rate of 86.2%. The business is scheduled to announce its next quarterly earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that WillScot will report full-year sales of $1.07 billion for the current fiscal year, with estimates ranging from $1.05 billion to $1.09 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.14 billion, with estimates ranging from $1.13 billion to $1.15 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover WillScot.
WillScot (NASDAQ:WSC) last released its earnings results on Thursday, May 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The business had revenue of $255.00 million during the quarter, compared to analysts’ expectations of $254.20 million. WillScot had a negative net margin of 6.34% and a positive return on equity of 0.95%. The business’s quarterly revenue was up 89.2% compared to the same quarter last year.
A number of equities analysts have recently weighed in on WSC shares. Zacks Investment Research raised shares of WillScot from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, March 27th. Bank of America started coverage on shares of WillScot in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $13.50 price target on the stock. Finally, TheStreet raised shares of WillScot from a “d-” rating to a “c-” rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. WillScot currently has a consensus rating of “Buy” and a consensus price target of $16.79.
In other WillScot news, Director Mark S. Bartlett bought 35,000 shares of the stock in a transaction on Friday, March 22nd. The shares were purchased at an average cost of $11.56 per share, with a total value of $404,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 66.27% of the company’s stock.
A number of institutional investors have recently bought and sold shares of WSC. LLBH Private Wealth Management LLC increased its position in WillScot by 7,951.6% during the fourth quarter. LLBH Private Wealth Management LLC now owns 3,381,687 shares of the company’s stock worth $31,855,000 after buying an additional 3,339,687 shares during the last quarter. FMR LLC boosted its holdings in WillScot by 75.2% during the first quarter. FMR LLC now owns 5,355,970 shares of the company’s stock valued at $59,398,000 after acquiring an additional 2,299,370 shares during the period. JPMorgan Chase & Co. boosted its holdings in WillScot by 8.8% during the first quarter. JPMorgan Chase & Co. now owns 6,850,682 shares of the company’s stock valued at $75,973,000 after acquiring an additional 553,033 shares during the period. Rubric Capital Management LP boosted its holdings in WillScot by 23.2% during the first quarter. Rubric Capital Management LP now owns 2,676,000 shares of the company’s stock valued at $29,677,000 after acquiring an additional 504,262 shares during the period. Finally, Bank of America Corp DE boosted its holdings in WillScot by 471.9% during the fourth quarter. Bank of America Corp DE now owns 410,631 shares of the company’s stock valued at $3,867,000 after acquiring an additional 338,829 shares during the period. 48.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ WSC traded down $0.01 during mid-day trading on Monday, reaching $14.50. The company had a trading volume of 350,784 shares, compared to its average volume of 441,912. WillScot has a twelve month low of $8.21 and a twelve month high of $18.19. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 2.46. The company has a market capitalization of $1.69 billion, a PE ratio of 76.32, a price-to-earnings-growth ratio of 8.60 and a beta of 1.82.
WillScot Company Profile
Willscot Corp. operates as a holding company, which engages in the provision of modular space and portable storage markets. Its services include furniture rental, transportation and logistics, storage & facilities services and commercial real estate. The company was founded by Albert Vaughn Williams in 1944 and is headquartered in Baltimore, MD.
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