Mister Car Wash (MCW) Scheduled to Post Quarterly Earnings on Wednesday

Mister Car Wash (NYSE:MCW) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Mister Car Wash to post earnings of $0.07 per share for the quarter. Mister Car Wash has set its FY24 guidance at $0.30-$0.34 EPS and its FY 2024 guidance at 0.300-0.340 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $230.14 million for the quarter, compared to analyst estimates of $230.89 million. Mister Car Wash had a return on equity of 9.81% and a net margin of 8.64%. On average, analysts expect Mister Car Wash to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mister Car Wash Stock Performance

Shares of MCW stock opened at $7.03 on Wednesday. The stock has a fifty day moving average price of $7.58 and a 200 day moving average price of $7.53. The stock has a market cap of $2.23 billion, a PE ratio of 29.27, a P/E/G ratio of 2.17 and a beta of 1.65. Mister Car Wash has a 1 year low of $4.80 and a 1 year high of $10.07. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.31 and a current ratio of 0.36.

Analysts Set New Price Targets

Several brokerages recently issued reports on MCW. Mizuho began coverage on Mister Car Wash in a report on Tuesday, March 19th. They set a “buy” rating and a $11.00 price objective for the company. Robert W. Baird lifted their price objective on Mister Car Wash from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. began coverage on Mister Car Wash in a report on Friday, February 16th. They set a “neutral” rating and a $9.50 price objective for the company. Finally, Wells Fargo & Company cut their price target on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.85.

Insider Transactions at Mister Car Wash

In other news, COO Mayra Idali Chimienti sold 35,000 shares of Mister Car Wash stock in a transaction on Friday, March 15th. The stock was sold at an average price of $7.05, for a total value of $246,750.00. Following the completion of the sale, the chief operating officer now owns 270,523 shares of the company’s stock, valued at $1,907,187.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $8.98, for a total value of $667,249.92. Following the completion of the sale, the insider now owns 75,515 shares of the company’s stock, valued at $678,124.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mayra Idali Chimienti sold 35,000 shares of Mister Car Wash stock in a transaction on Friday, March 15th. The shares were sold at an average price of $7.05, for a total value of $246,750.00. Following the completion of the sale, the chief operating officer now directly owns 270,523 shares of the company’s stock, valued at approximately $1,907,187.15. The disclosure for this sale can be found here. Insiders sold a total of 178,465 shares of company stock valued at $1,491,916 over the last three months. 71.20% of the stock is currently owned by insiders.

Mister Car Wash Company Profile

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.