WSC, NASDAQ analysts working for Oppenheimer lowered their projections for the earnings per share (EPS) that WillScot Mobile Mini Holdings Corp. will generate in a report made public on Thursday, December 15. The earlier projection that S. Schneeberger, an analyst at Oppenheimer, had made for the company was $0.26 per share; this projection has since been reduced to $0.25 per share. According to the most recent estimates, it is anticipated that WillScot Mobile Mini will earn an average of $1.38 per share throughout the year. Furthermore, Oppenheimer expects WillScot Mobile Mini to earn $0.36 per share in the second quarter of 2023, $0.42 per share in the third quarter of 2023, $0.50 per share in the fourth quarter of 2023, and $1.83 per share in the fiscal year 2024.
WillScot Mobile Mini (NASDAQ: WSC) revealed its most recent quarterly earnings on November 2, 2018, which were for the period ending September 30. The company reported earnings per share for the period at $0.39, which is $0.02 higher than the consensus estimate of $0.37. The actual revenue brought in for the company during the quarter was $604.17 million, which is significantly higher than the forecasted amount of $583.43 million in revenue for the quarter. A return on equity of 15.36% and a net margin of 14.80% are two indicators that demonstrate WillScot Mobile Mini’s successful performance.
On Friday, shares of NASDAQ: WSC started trading at $46.05 each when the market opened. Over the past twelve months, the cost of a WillScot Mobile Mini has fluctuated between an all-time low of $30.52 and an all-time high of $49.02. The debt-to-equity ratio is calculated at 1.75, the quick ratio is calculated at 0.81, and the current ratio is calculated at 0.88. The price-to-earnings growth ratio for this company is 1.18, its price-to-earnings ratio is 31.76, and its beta value is 1.55. Its current market value is $9.62 billion, giving it a market capitalization. The stock’s 50-day moving average is currently $44.94, while its 200-day moving average is $40.38. Both of these moving averages are currently above their respective support lines.
Other analysts have written about the corporation, and their writings have included this topic. Robert W. Baird announced, in a report that was made public on November 3, that they were increasing their price goal for the WillScot Mobile Mini from $45.00 to $53.00. The price target for WillScot Mobile Mini was increased from $50.00 to $55.00, and the company was given an “overweight” rating in a report made public by Barclays on Friday, December 2. In the report, the price objective for WillScot Mobile Mini was raised from $50.00 to $55.00. In a research report released Wednesday, Morgan Stanley increased their price objective for WillScot Mobile Mini from $56.00 to $62.00 and rated the stock as “overweight.” This was the last and most important development.
Additional information emerged on Monday, November 7, including that director Jeffrey Sagansky had sold 50,000 shares of the company’s stock. On average, one share of stock could be purchased for $46.13, which resulted in a revenue of $2,306,500.00 when all of the shares were put up for sale. As a direct consequence of the sale, the company director now directly owns 2,595,712 shares of the company, and the total value of those shares is $119,740,194.56. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. On November 7, 2018, Jeffrey Sagansky, the director of WillScot Mobile Mini, sold 50,000 shares of the company’s stock. This is yet another bit of information regarding the WillScot Mobile Mini. On average, one share of stock could be purchased for $46.13, which resulted in a revenue of $2,306,500.00 when all of the shares were put up for sale. The director controls 2,595,712 shares of the company’s stock, which are currently worth approximately $119,740,194.56 at the current market price. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC.
Additionally, on November 7, Bradley Lee Soultz, the company’s CEO, purchased an additional 5,000 shares. It was acquired for a total value of $234,400.00 worth of shares of stock, which works out to an average price of $46.88 per share when purchased. Following the conclusion of the transaction, the Chief Executive Officer will have control over 431,683 shares of the company. The total value of these shares is approximately 20,237,299.04 dollars. You should look in this location if you are looking for the disclosure that pertains to this transaction. 2.80% of the company’s stock is owned by individuals considered to be “corporate insiders.”
Recently, institutional investors and hedge funds have altered how they hold positions in the company in response to recent market events. The investment portfolio of Ellevest Inc. saw a 64.5% increase in its holdings of WillScot Mobile Mini over the second quarter. Ellevest Inc. has increased its holdings in the company’s stock by purchasing an additional 2,080 shares over the past three months, bringing the total number of shares it owns to 5,306 with a value of $172,000. During the second quarter, Emerald Advisers LLC brought the total amount of WillScot Mobile Mini stock it owned to 7.0% higher than before. During the most recent fiscal quarter, Emerald Advisers LLC purchased 4,023 additional shares of the corporate stock. This brings the total number of shares owned by the company to 61,821, with a value of $2,004,000. Northwestern Mutual Wealth Management Company made an investment in the amount of $32,000 in WillScot Mobile Mini during the first three months of 2018. During the second quarter, PointState Capital LP increased its investment in WillScot Mobile Mini by purchasing additional shares for approximately $50,802,000. This brought the total amount of PointState Capital LP’s investment in WillScot Mobile Mini to approximately $52,000,000. WillScot Mobile Mini invested approximately $541,000 from the Maryland State Retirement and Pension System during the second quarter. This investment was made to fulfill a newly created role. There are currently 94.92% of the company’s shares held by institutional investors such as hedge funds and other institutional investors.