WillScot Corp (NASDAQ:WSC) – Jefferies Financial Group reduced their Q4 2019 earnings per share (EPS) estimates for shares of WillScot in a research note issued on Monday, November 11th. Jefferies Financial Group analyst P. Ng now anticipates that the company will earn $0.11 per share for the quarter, down from their prior estimate of $0.14. Jefferies Financial Group also issued estimates for WillScot’s Q1 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.21 EPS, Q4 2020 earnings at $0.24 EPS, FY2020 earnings at $0.78 EPS and FY2021 earnings at $1.09 EPS.
A number of other equities research analysts also recently issued reports on WSC. Zacks Investment Research upgraded WillScot from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Saturday, October 12th. ValuEngine upgraded WillScot from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays restated a “hold” rating and set a $17.00 price objective on shares of WillScot in a research report on Sunday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $16.90.
WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. WillScot had a positive return on equity of 2.92% and a negative net margin of 3.09%. The business had revenue of $272.34 million for the quarter, compared to the consensus estimate of $271.40 million. During the same period in the prior year, the business posted ($0.37) earnings per share. The company’s quarterly revenue was up 24.4% compared to the same quarter last year.
Large investors have recently made changes to their positions in the stock. Northern Trust Corp grew its stake in WillScot by 5.5% in the second quarter. Northern Trust Corp now owns 511,657 shares of the company’s stock worth $7,695,000 after purchasing an additional 26,449 shares in the last quarter. Vanguard Group Inc. grew its stake in WillScot by 5.8% in the second quarter. Vanguard Group Inc. now owns 2,460,112 shares of the company’s stock worth $37,000,000 after purchasing an additional 135,070 shares in the last quarter. Bank of America Corp DE boosted its position in WillScot by 6.5% during the 2nd quarter. Bank of America Corp DE now owns 368,864 shares of the company’s stock valued at $5,548,000 after acquiring an additional 22,546 shares in the last quarter. Park West Asset Management LLC bought a new stake in WillScot during the 2nd quarter valued at $7,520,000. Finally, Renaissance Technologies LLC bought a new stake in WillScot during the 2nd quarter valued at $5,253,000. 47.08% of the stock is currently owned by institutional investors.
In other WillScot news, Director Rebecca L. Owen purchased 9,250 shares of WillScot stock in a transaction dated Monday, September 16th. The shares were purchased at an average cost of $16.30 per share, for a total transaction of $150,775.00. Also, Director Jeffrey Sagansky sold 100,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $14.01, for a total value of $1,401,000.00. Following the completion of the sale, the director now owns 2,576,346 shares in the company, valued at $36,094,607.46. The disclosure for this sale can be found here. Corporate insiders own 56.13% of the company’s stock.
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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