WillScot (NASDAQ:WSC) Issues Quarterly Earnings Results

WillScot (NASDAQ:WSC) posted its quarterly earnings results on Thursday. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04), FiscalAI reports. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The business had revenue of $565.97 million during the quarter, compared to analyst estimates of $545.34 million.

WillScot Stock Performance

Shares of NASDAQ:WSC traded up $0.02 during midday trading on Thursday, hitting $22.11. The stock had a trading volume of 1,898,875 shares, compared to its average volume of 1,742,471. WillScot has a 1 year low of $14.91 and a 1 year high of $39.12. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 3.39. The stock has a 50 day moving average price of $20.68 and a two-hundred day moving average price of $21.40. The company has a market capitalization of $4.02 billion, a PE ratio of 18.27, a P/E/G ratio of 1.96 and a beta of 1.12.

Hedge Funds Weigh In On WillScot

A number of large investors have recently modified their holdings of the business. Xponance LLC raised its position in shares of WillScot by 3.5% during the 4th quarter. Xponance LLC now owns 14,245 shares of the company’s stock worth $268,000 after purchasing an additional 478 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of WillScot by 0.4% in the second quarter. CANADA LIFE ASSURANCE Co now owns 185,701 shares of the company’s stock worth $5,092,000 after acquiring an additional 714 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of WillScot by 23.7% in the fourth quarter. Quadrant Capital Group LLC now owns 4,013 shares of the company’s stock valued at $76,000 after acquiring an additional 768 shares in the last quarter. Creative Planning boosted its stake in shares of WillScot by 6.9% during the second quarter. Creative Planning now owns 15,814 shares of the company’s stock valued at $433,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in WillScot by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 83,105 shares of the company’s stock worth $2,277,000 after purchasing an additional 1,188 shares in the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup upped their price objective on WillScot from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. DA Davidson decreased their target price on WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Wall Street Zen raised WillScot from a “sell” rating to a “hold” rating in a report on Sunday. Robert W. Baird reissued a “neutral” rating and set a $23.00 price objective (up previously from $22.00) on shares of WillScot in a report on Wednesday, January 21st. Finally, Barclays reduced their price objective on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, WillScot presently has an average rating of “Hold” and an average target price of $26.88.

About WillScot

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.