WillScot (NASDAQ:WSC) Announces Earnings Results

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

WillScot Stock Down 7.6%

Shares of WSC traded down $1.46 during trading hours on Thursday, reaching $17.84. The stock had a trading volume of 4,247,277 shares, compared to its average volume of 2,493,475. 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 firm has a 50-day simple moving average of $18.09 and a 200 day simple moving average of $21.84. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -46.95, a P/E/G ratio of 1.14 and a beta of 1.37. WillScot has a 12 month low of $14.91 and a 12 month high of $29.77.

Analyst Ratings Changes

WSC has been the topic of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a report on Monday, August 17th. UBS Group decreased their target price on shares of WillScot from $29.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, October 16th. Robert W. Baird decreased their target price on shares of WillScot from $28.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Citigroup reduced their target price on WillScot from $30.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Finally, Barclays raised their price objective on shares of WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.86.

WillScot Company Profile

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.