WillScot Holdings Corporation (NASDAQ:WSC) Shareholders Set to Receive $0.07 Quarterly Dividend

WillScot Holdings Corporation (NASDAQ:WSC) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Wednesday, December 2nd will be paid a dividend of $0.07 per share on Wednesday, December 16th. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, December 2nd.

WillScot has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect WillScot to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 21.9%.

WillScot Stock Down 7.6%

Shares of NASDAQ WSC opened at $17.84 on Friday. The firm has a fifty day simple moving average of $18.02 and a two-hundred day simple moving average of $21.82. WillScot has a 12 month low of $14.91 and a 12 month high of $29.77. 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 market capitalization of $3.23 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, November 5th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The firm had revenue of $601.34 million for the quarter, compared to analyst estimates of $586.11 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts expect that WillScot will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

WSC has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a research report on Monday, August 17th. Jefferies Financial Group reissued a “hold” rating and issued a $20.00 target price on shares of WillScot in a research report on Friday. Robert W. Baird lowered their target price on WillScot from $28.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. UBS Group dropped their price target on WillScot from $29.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, October 16th. Finally, Citigroup reduced their price target on WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $24.25.

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.