Q3 2024 Earnings Estimate for WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Issued By William Blair

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) – Stock analysts at William Blair dropped their Q3 2024 earnings per share (EPS) estimates for shares of WillScot Mobile Mini in a research report issued to clients and investors on Wednesday, September 18th. William Blair analyst T. Mulrooney now expects that the company will post earnings of $0.48 per share for the quarter, down from their previous forecast of $0.52. The consensus estimate for WillScot Mobile Mini’s current full-year earnings is $1.76 per share. William Blair also issued estimates for WillScot Mobile Mini’s Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.71 EPS and FY2025 earnings at $2.20 EPS.

Other equities analysts have also issued reports about the company. Bank of America reduced their price objective on WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Barclays lowered WillScot Mobile Mini from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $50.00 to $44.00 in a research note on Thursday. DA Davidson reduced their price objective on WillScot Mobile Mini from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus reduced their price objective on WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Oppenheimer reduced their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.90.

WillScot Mobile Mini Stock Up 2.4 %

WSC opened at $39.80 on Friday. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. WillScot Mobile Mini has a 12 month low of $33.23 and a 12 month high of $52.16. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.91 and a quick ratio of 0.83. The business has a 50-day moving average of $38.23 and a two-hundred day moving average of $39.80.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $604.59 million during the quarter, compared to analysts’ expectations of $614.85 million. WillScot Mobile Mini had a net margin of 7.77% and a return on equity of 24.27%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS.

Hedge Funds Weigh In On WillScot Mobile Mini

Institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new position in shares of WillScot Mobile Mini in the 4th quarter valued at approximately $38,000. TFO Wealth Partners LLC increased its holdings in shares of WillScot Mobile Mini by 6,578.6% in the 4th quarter. TFO Wealth Partners LLC now owns 935 shares of the company’s stock valued at $42,000 after acquiring an additional 921 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of WillScot Mobile Mini in the 1st quarter valued at approximately $55,000. Summit Securities Group LLC bought a new stake in shares of WillScot Mobile Mini in the 2nd quarter valued at approximately $56,000. Finally, Principal Securities Inc. bought a new stake in shares of WillScot Mobile Mini in the 4th quarter valued at approximately $71,000. 95.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other WillScot Mobile Mini news, CEO Bradley Lee Soultz bought 5,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $38.97 per share, with a total value of $194,850.00. Following the transaction, the chief executive officer now directly owns 149,686 shares in the company, valued at approximately $5,833,263.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by corporate insiders.

About WillScot Mobile Mini

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.