WillScot Mobile Mini Holdings Corp. Plans — Dividend of $0.07 (NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) declared a — dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.07 per share on Wednesday, March 19th. The ex-dividend date of this dividend is Wednesday, March 5th.

WillScot Mobile Mini has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Analysts expect WillScot Mobile Mini to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 14.3%.

WillScot Mobile Mini Price Performance

Shares of WSC stock opened at $32.95 on Monday. WillScot Mobile Mini has a 52-week low of $32.57 and a 52-week high of $48.52. The stock has a market cap of $6.09 billion, a PE ratio of 219.68, a PEG ratio of 2.18 and a beta of 1.41. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. The firm’s 50 day moving average price is $35.88 and its two-hundred day moving average price is $36.94.

WillScot Mobile Mini (NASDAQ:WSC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $602.52 million for the quarter, compared to analysts’ expectations of $606.55 million. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. As a group, analysts forecast that WillScot Mobile Mini will post 1.77 EPS for the current year.

Insider Buying and Selling

In other news, insider Graeme Parkes sold 2,900 shares of WillScot Mobile Mini stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total value of $107,329.00. Following the completion of the transaction, the insider now owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, WillScot Mobile Mini presently has a consensus rating of “Moderate Buy” and an average target price of $44.22.

About WillScot Mobile Mini

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.