Analysts expect WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) will achieve revenue of $496.46 million for the current quarter, according to Zacks Investment Research. Three analysts have released earnings estimates for WillScot Mobile Mini. The highest sales estimate is $513.60 million and the lowest is $487.79 million. WillScot Mobile Mini recorded sales of $437.65 million in the same quarter last year, indicating a positive growth rate of 13.4% year-on-year. The company is expected to release its next quarterly results on Thursday, February 24.
According to Zacks, 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 averages are an average based on a survey of sell-side research companies that track WillScot Mobile Mini.
Several stock analysts have recently released reports on the company. Credit Suisse Group raised its price target on WillScot Mobile Mini from $40.00 to $45.00 and gave the company an “outperform” rating in a Tuesday, Nov. 9 research note. Zacks Investment Research downgraded WillScot Mobile Mini from a “buy” rating to a “hold” rating in a research note on Wednesday. Oppenheimer raised his 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 note. Finally, 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 note. Two analysts have rated the stock with a hold rating and six have issued a buy rating for the company’s stock. According to MarketBeat, WillScot Mobile Mini currently has a consensus rating of “Buy” and a consensus price target of $38.50.
In other news, Director Michael W. Upchurch acquired 10,000 shares of the company in a transaction that took place on Tuesday, December 14. The shares were acquired at an average price of $38.43 per share, for a total transaction of $384,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. 23.04% of the shares are currently held by company insiders.
Several hedge funds have recently changed their holdings of WSC. Vanguard Group Inc. increased its position in WillScot Mobile Mini shares by 23.7% in the second quarter. Vanguard Group Inc. now owns 20,365,604 shares of the company worth $567,589,000 after purchasing an additional 3,905,839 shares in the last quarter. Wellington Management Group LLP bought a new position in WillScot Mobile Mini in the third quarter worth $71,599,000. Islet Management LP bought a new position in WillScot Mobile Mini in the third quarter worth $48,914,000. DF Dent & Co. Inc. bought a new position in WillScot Mobile Mini in the second quarter worth $37,016,000. Finally, Thrivent Financial for Lutherans bought a new stock position in WillScot Mobile Mini during the third quarter, valued at approximately $38,747,000. Institutional investors hold 97.56% of the company’s shares.
NASDAQ: WSC opened at $37.94 on Friday. The stock has a market capitalization of $8.59 billion, a P/E ratio of 62.20, a PEG ratio of 0.94 and a beta of 1.75. The stock has a 50-day simple moving average of $38.76 and a 200-day simple moving average of $34.66. The company has a current ratio of 0.88, a quick ratio of 0.82 and a debt ratio of 1.33. WillScot Mobile Mini has a 1 year minimum of $24.51 and a 1 year maximum of $42.00.
WillScot Mobile Mini Company Profile
WillScot Mobile Mini Holdings Corp. provides modular and portable storage services. The company offers furniture rental, transportation and logistics, warehousing 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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