WillScot Corp (NASDAQ:WSC) – Oppenheimer decreased their Q4 2018 earnings per share (EPS) estimates for WillScot in a research note issued to investors on Monday, July 9th. Oppenheimer analyst S. Schneeberger now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their prior forecast of $0.07. Oppenheimer also issued estimates for WillScot’s FY2019 earnings at $0.23 EPS and FY2020 earnings at $0.68 EPS.
A number of other brokerages also recently weighed in on WSC. Zacks Investment Research upgraded WillScot from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. ValuEngine upgraded WillScot from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. SunTrust Banks began coverage on WillScot in a report on Wednesday, April 11th. They issued a “buy” rating and a $16.00 target price on the stock. Finally, Jefferies Financial Group began coverage on WillScot in a report on Monday. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $15.33.
Shares of WillScot opened at $15.50 on Wednesday, according to Marketbeat.com. WillScot has a fifty-two week low of $9.45 and a fifty-two week high of $15.70. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.82 and a quick ratio of 0.75.
WillScot (NASDAQ:WSC) last issued its earnings results on Thursday, May 3rd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $134.75 million during the quarter, compared to the consensus estimate of $132.49 million.
Large investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC acquired a new position in WillScot in the first quarter worth approximately $148,000. STA Wealth Management LLC acquired a new position in WillScot in the fourth quarter worth approximately $167,000. Citadel Advisors LLC acquired a new position in WillScot in the fourth quarter worth approximately $257,000. Jane Street Group LLC bought a new stake in WillScot during the first quarter worth approximately $332,000. Finally, Virtu Financial LLC bought a new stake in WillScot during the fourth quarter worth approximately $321,000. Hedge funds and other institutional investors own 39.79% of the company’s stock.
In other news, Director Mark S. Bartlett acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The shares were purchased at an average price of $12.59 per share, for a total transaction of $314,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 66.27% of the company’s stock.
WillScot Company Profile
WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.
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