$0.04 Earnings Per Share Expected for WillScot Corp (WSC) This Quarter

Equities research analysts expect that WillScot Corp (NASDAQ:WSC) will announce earnings per share of $0.04 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for WillScot’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.03. The firm is expected to report its next earnings report on Tuesday, November 6th.

On average, analysts expect that WillScot will report full year earnings of $0.07 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will post earnings of $0.32 per share, with EPS estimates ranging from $0.28 to $0.35. Zacks’ EPS averages are an average based on a survey of analysts that cover WillScot.

WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $140.33 million for the quarter, compared to analyst estimates of $144.55 million.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of WillScot from a “hold” rating to a “sell” rating in a report on Saturday, July 7th. Jefferies Financial Group assumed coverage on shares of WillScot in a report on Monday, July 9th. They set a “buy” rating for the company. Finally, ValuEngine upgraded shares of WillScot from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $15.33.

Shares of NASDAQ WSC traded down $0.15 during mid-day trading on Friday, reaching $16.20. 565,333 shares of the company’s stock traded hands, compared to its average volume of 888,623. The stock has a market capitalization of $1.51 billion and a P/E ratio of -4.16. WillScot has a 1-year low of $9.45 and a 1-year high of $17.70. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.86 and a quick ratio of 0.75.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio bought a new position in shares of WillScot during the second quarter valued at about $140,000. FNY Investment Advisers LLC bought a new position in shares of WillScot during the second quarter valued at about $146,000. Verition Fund Management LLC bought a new stake in WillScot in the first quarter worth about $148,000. Wells Fargo & Company MN raised its position in WillScot by 32.0% in the first quarter. Wells Fargo & Company MN now owns 62,331 shares of the company’s stock worth $852,000 after acquiring an additional 15,111 shares during the period. Finally, Jane Street Group LLC bought a new stake in WillScot in the first quarter worth about $332,000. 36.82% of the stock is currently owned by institutional investors.

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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Earnings History and Estimates for WillScot (NASDAQ:WSC)

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