WillScot (NASDAQ:WSC) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

WillScot (NASDAQ:WSC) announced its quarterly earnings results on Thursday. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01, FiscalAI reports. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%. The business had revenue of $601.34 million for the quarter, compared to analysts’ expectations of $586.11 million.

WillScot Trading Down 7.6%

NASDAQ WSC traded down $1.46 on Thursday, hitting $17.84. The company’s stock had a trading volume of 4,247,277 shares, compared to its average volume of 2,493,475. WillScot has a 52-week low of $14.91 and a 52-week high of $29.77. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.80. The company’s 50-day simple moving average is $18.09 and its 200 day simple moving average is $21.84. The firm has a market cap of $3.23 billion, a P/E ratio of -46.95, a PEG ratio of 1.14 and a beta of 1.37.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WSC. Robert W. Baird dropped their price objective on WillScot from $28.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Barclays lifted their target price on shares of WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. UBS Group lowered their price target on shares of WillScot from $29.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, October 16th. Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research report on Monday, August 17th. Finally, Citigroup cut their price target on shares of WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.86.

About WillScot

WillScot Holdings Corporation (NASDAQ: WSC) provides flexible workspace and storage solutions primarily to customers across North America. The company offers modular buildings, mobile offices, portable classrooms, storage units and other temporary or permanent space solutions for businesses, schools, construction sites, health care organizations, government agencies and other institutions.

In addition to renting and selling modular space and portable storage products, WillScot provides related services such as delivery, installation, relocation, site improvements, furnishings and facility services.