WillScot Holdings Corporation (NASDAQ:WSC – Get Free Report) declared a quarterly dividend on Thursday, August 6th, NASDAQ Dividends reports. Stockholders of record on Wednesday, September 2nd will be given a dividend of 0.07 per share on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 2nd.
WillScot has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect WillScot to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 21.2%.
WillScot Stock Down 5.6%
Shares of NASDAQ:WSC opened at $24.37 on Friday. The business’s 50 day moving average is $26.81 and its 200 day moving average is $23.16. WillScot has a 12-month low of $14.91 and a 12-month high of $29.77. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of -64.13, a PEG ratio of 1.54 and a beta of 1.33. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00.
Analyst Upgrades and Downgrades
WSC has been the subject of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $29.00 target price on shares of WillScot in a research note on Friday, May 8th. Robert W. Baird set a $26.00 price objective on WillScot in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a research note on Wednesday, May 20th. Citigroup upped their price objective on WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Barclays lifted their target price on WillScot from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.25.
Check Out Our Latest Stock Report on WillScot
WillScot Company Profile
WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.
In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.
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