Equities analysts expect that WillScot Corp (NASDAQ:WSC) will post $273.86 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for WillScot’s earnings, with estimates ranging from $267.95 million to $282.00 million. WillScot reported sales of $218.92 million in the same quarter last year, which indicates a positive year-over-year growth rate of 25.1%. The company is expected to issue its next earnings report after the market closes on Thursday, November 14th.
According to Zacks, analysts expect that WillScot will report full year sales of $1.06 billion for the current year, with estimates ranging from $1.05 billion to $1.07 billion. For the next year, analysts forecast that the firm will report sales of $1.14 billion, with estimates ranging from $1.12 billion to $1.21 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow WillScot.
WillScot (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The company had revenue of $266.13 million during the quarter, compared to the consensus estimate of $262.74 million. WillScot had a positive return on equity of 0.55% and a negative net margin of 6.66%.
Separately, Zacks Investment Research upgraded WillScot from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Saturday, October 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. WillScot has an average rating of “Buy” and a consensus target price of $15.90.
Shares of WillScot stock traded up $0.08 during midday trading on Friday, hitting $15.94. 213,400 shares of the company were exchanged, compared to its average volume of 539,161. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.04 and a quick ratio of 0.99. The firm has a market cap of $1.82 billion, a P/E ratio of 83.89, a PEG ratio of 4.17 and a beta of 1.87. WillScot has a 52 week low of $8.21 and a 52 week high of $17.12. The firm has a 50 day simple moving average of $15.74 and a 200-day simple moving average of $14.60.
In other WillScot news, Director Rebecca L. Owen purchased 9,250 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $16.30 per share, with a total value of $150,775.00. Also, Director Jeffrey Sagansky sold 100,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $14.01, for a total value of $1,401,000.00. Following the sale, the director now directly owns 2,576,346 shares of the company’s stock, valued at $36,094,607.46. The disclosure for this sale can be found here. Company insiders own 56.13% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of WillScot by 5.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,192,301 shares of the company’s stock valued at $106,374,000 after buying an additional 341,619 shares during the period. FMR LLC increased its stake in shares of WillScot by 75.2% in the 1st quarter. FMR LLC now owns 5,355,970 shares of the company’s stock valued at $59,398,000 after buying an additional 2,299,370 shares during the period. BlackRock Inc. increased its stake in shares of WillScot by 24.8% in the 2nd quarter. BlackRock Inc. now owns 3,291,491 shares of the company’s stock valued at $49,503,000 after buying an additional 653,251 shares during the period. Zazove Associates LLC increased its stake in shares of WillScot by 2,457.5% in the 2nd quarter. Zazove Associates LLC now owns 2,500,000 shares of the company’s stock valued at $193,000 after buying an additional 2,402,248 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of WillScot by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,460,112 shares of the company’s stock valued at $37,000,000 after buying an additional 135,070 shares during the period. 46.81% of the stock is owned by institutional investors.
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.
Featured Article: What is diluted earnings per share (Diluted EPS)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for WillScot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WillScot and related companies with MarketBeat.com's FREE daily email newsletter.