WillScot Holdings Corporation Declares Quarterly Dividend of $0.07 (NASDAQ:WSC)

WillScot Holdings Corporation (NASDAQ:WSC) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of 0.07 per share on Wednesday, December 17th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, December 3rd.

WillScot has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WillScot 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 Stock Down 15.0%

Shares of WillScot stock traded down $2.93 during trading hours on Friday, reaching $16.62. 7,308,464 shares of the company were exchanged, compared to its average volume of 2,565,270. The firm has a market cap of $3.03 billion, a PE ratio of 27.79, a PEG ratio of 1.85 and a beta of 1.15. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.74 and a current ratio of 0.81. WillScot has a 1 year low of $16.55 and a 1 year high of $39.81. The stock’s fifty day moving average is $22.18 and its 200 day moving average is $25.49.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. WillScot had a return on equity of 24.83% and a net margin of 4.66%.The firm had revenue of $566.84 million during the quarter, compared to analyst estimates of $583.52 million. During the same period last year, the business posted $0.38 earnings per share. WillScot’s revenue was down 5.8% compared to the same quarter last year. WillScot has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that WillScot will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on WSC. DA Davidson lowered their price objective on WillScot from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Morgan Stanley lowered their price target on shares of WillScot from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Monday, August 4th. UBS Group set a $35.00 price objective on shares of WillScot in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, October 8th. Finally, Barclays dropped their target price on WillScot from $34.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 24th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, WillScot currently has an average rating of “Hold” and a consensus target price of $30.38.

About WillScot

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.