WillScot (NASDAQ:WSC) announced its quarterly earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06, Zacks reports. WillScot had a positive return on equity of 0.55% and a negative net margin of 6.66%. The company had revenue of $272.34 million during the quarter, compared to analysts’ expectations of $271.40 million. During the same quarter in the previous year, the firm earned ($0.37) earnings per share. The business’s quarterly revenue was up 24.4% compared to the same quarter last year.
Shares of WillScot stock traded down $0.12 during trading on Friday, reaching $16.41. The company’s stock had a trading volume of 1,222,800 shares, compared to its average volume of 537,763. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.99 and a current ratio of 1.04. The business’s fifty day moving average price is $15.86 and its 200-day moving average price is $14.83. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 86.37, a price-to-earnings-growth ratio of 4.38 and a beta of 1.85. WillScot has a one year low of $8.21 and a one year high of $17.12.
A number of analysts have weighed in on WSC shares. Zacks Investment Research raised WillScot from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Saturday, October 12th. ValuEngine raised WillScot from a “hold” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $15.90.
In other news, Director Jeffrey Sagansky sold 100,000 shares of WillScot stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $14.01, for a total value of $1,401,000.00. Following the transaction, the director now directly owns 2,576,346 shares in the company, valued at $36,094,607.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rebecca L. Owen acquired 9,250 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average price of $16.30 per share, for a total transaction of $150,775.00. Insiders own 56.13% of the company’s stock.
WillScot Company Profile
Willscot Corp. operates as a holding company, which engages in the provision of modular space and portable storage markets. Its services include furniture rental, transportation and logistics, storage & facilities services and commercial real estate. The company was founded by Albert Vaughn Williams in 1944 and is headquartered in Baltimore, MD.
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