WillScot Corp (NASDAQ:WSC) Expected to Post Quarterly Sales of $261.59 Million

Equities analysts expect WillScot Corp (NASDAQ:WSC) to post sales of $261.59 million for the current fiscal quarter, Zacks Investment Research reports. Four 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 86.4%. The company is scheduled to report its next earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that WillScot will report full year sales of $1.07 billion for the current year, with estimates ranging from $1.05 billion to $1.09 billion. For the next year, analysts expect that the business will post sales of $1.16 billion, with estimates ranging from $1.13 billion to $1.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for WillScot.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, May 2nd. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $255.00 million for the quarter, compared to the consensus estimate of $254.20 million. WillScot had a negative net margin of 6.34% and a positive return on equity of 0.95%. The company’s revenue for the quarter was up 89.2% on a year-over-year basis.

WSC has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of WillScot from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Saturday, March 16th. Bank of America initiated coverage on shares of WillScot in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $13.50 price objective for the company. TheStreet upgraded shares of WillScot from a “d-” rating to a “c-” rating in a research note on Wednesday, May 8th. Finally, DA Davidson initiated coverage on shares of WillScot in a research note on Tuesday, June 25th. They issued a “buy” rating and a $19.00 price objective for the company. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $17.31.

Shares of NASDAQ:WSC traded up $0.15 during trading on Wednesday, reaching $15.39. 914,144 shares of the company traded hands, compared to its average volume of 601,101. The business’s 50 day moving average price is $14.43. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 80.24, a PEG ratio of 8.07 and a beta of 1.77. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.10 and a quick ratio of 1.03. WillScot has a 52 week low of $8.21 and a 52 week high of $18.19.

A number of large investors have recently bought and sold shares of WSC. Bronfman E.L. Rothschild L.P. purchased a new position in WillScot during the 4th quarter valued at about $33,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of WillScot by 78.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,606 shares of the company’s stock worth $51,000 after buying an additional 2,019 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of WillScot by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,854 shares of the company’s stock worth $102,000 after buying an additional 8,477 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of WillScot during the fourth quarter worth about $114,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of WillScot during the first quarter worth about $169,000. Hedge funds and other institutional investors own 47.70% of the company’s stock.

About WillScot

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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Earnings History and Estimates for WillScot (NASDAQ:WSC)

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