Mister Car Wash (NYSE:MCW) raised its earnings projection for the upcoming fiscal year on Saturday. The company forecast earnings per share of $0.38 to $0.39, which was below the average expectation of $0.38 for the time period. The company offered a revenue projection of $865.00 million to $880.00 million, which is lower than the average revenue prediction of $870.66 million.
The most recent earnings report from Mister Car Wash (NYSE:MCW) was made public on November 10th. The company’s most recent quarter’s earnings per share were $0.08, which was in line with the $0.08 median projection. Compared to the consensus estimate of $215.68 million for the quarter, the company’s sales came in at $217.58 million. Mister Car Wash had a 15.40% net margin and a 16.69% return on equity. For the current fiscal year, Mister Car Wash is expected to have earnings per share of 0.33.
MCW stock started trading at $9.89 on Friday. The business has a market value of $3.01 billion, a price-to-earnings ratio of 24.73, an earnings growth price-to-earnings ratio of 2.31, and a beta of 0.94. Mister Car Wash’s average price during the past year has ranged from $7.80 to $19.10. The quick ratio, current ratio, quick ratio, and debt-to-equity ratio for the company are all 0.73. The company’s 50-day moving average is $9.22, and its 200-day moving average is $10.42.
Several equity analysts have recently written reports on the stock. On Tuesday, October 4th, MKM Partners started monitoring the stock of Mister Car Wash in a research report. They rated the stock as neutral and set a price objective of $9.00. Robert W. Baird started keeping an eye on the shares of Mister Car Wash on Monday, October 3. They assigned a neutral rating and a $10.00 price target to the stock. Morgan Stanley lowered its price target for Mister Car Wash from $16.00 to $11.00 and downgraded the stock from overweight to equal weight in a research note released on Friday, August 12. Stifel Nicolaus reduced its price target for Mister Car Wash from $17.00 to $10.00 and downgraded the stock from a buy rating to a hold rating in a research report released on Friday, October 21st. On November 16th, UBS Group decreased its target price for shares of Mister Car Wash to $11.00 in a research note. The company had a hold rating from four analysts, a sell recommendation from one analyst, and a buy suggestion from another analyst. According to Bloomberg, the company now has a Hold consensus rating and an average target price of $11.50.
In related Mister Car Wash news, COO Mayra Idali Chimienti sold 20,000 shares of the company’s equity on December 7. The average price paid for the shares during the sale was $9.54, for a total transaction cost of $190,800.00. After the sale, the chief operating officer now owns 281,540 company shares, which are now valued at $2,685,891.60. You can access the SEC filing where the transaction was described by clicking this link. In other Mister Car Wash news, vice president Casey Penn Lindsay sold 142,127 shares of the business’s stock on Friday, October 14. The price per share sold was $8.73, or $1,240,768.71 in total. Legal records pertaining to the transaction were submitted to the Securities and Exchange Commission and are available on this website. Additionally, COO Mayra Idali Chimienti sold 20,000 shares of the business’s equity on December 7. The stock was sold for a total transaction value of $190,800.00 at an average price of $9.54. As of the closing of the transaction, the chief operating officer now directly owns 281,540 shares in the company, valued at $2,685,891.60. The disclosure for this sale is available here. In the most recent quarter, insiders sold 199,105 shares of company stock for a total of $1,764,371. Insiders own 90% of the company’s stock.
Institutional investors recently changed the proportion of the company they own. Dimensional Fund Advisors LP increased its investment in Mister Car Wash during the first quarter by $198,000. Bank of Montreal boosted its ownership of Mister Car Wash shares by 48.1% during the second quarter. Bank of Montreal now owns 15,533 shares of the business worth $191,000 after acquiring an additional 5,046 shares over the last three months. During the second quarter, Continental European Bank Zurich Cantonalbank boosted its stake in Mister Car Wash by $116,000 dollars. Principal Financial Group Inc. added to its second-quarter equity purchase of Mister Car Wash by spending an extra $113,000. Not to mention, UBS Group AG grew its stake in Mister Car Wash by 65.9% during the first quarter. UBS Group AG now owns 6,800 shares of the business, valued at $101,000, after acquiring an additional 2,700 shares during the most recent quarter.
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