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

WillScot Holdings Corporation (NASDAQ:WSC) declared a quarterly dividend on Thursday, August 6th, NASDAQ Dividends reports. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.07 per share on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 2nd.

WillScot has a dividend payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WillScot to earn $1.32 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 21.2%.

WillScot Trading Down 2.8%

Shares of WillScot stock opened at $25.82 on Friday. The firm has a 50-day simple moving average of $26.83 and a two-hundred day simple moving average of $23.15. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.72 and a current ratio of 0.79. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $29.77. The company has a market cap of $4.67 billion, a P/E ratio of -67.95, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33.

WillScot (NASDAQ:WSC) last posted its earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $612.15 million for the quarter, compared to analysts’ expectations of $585.43 million. WillScot had a positive return on equity of 20.65% and a negative net margin of 2.99%.The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. As a group, equities analysts predict that WillScot will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WSC shares. Barclays boosted their price objective on WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Friday, May 15th. Citigroup lifted their price target on shares of WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a research report on Wednesday, May 20th. Finally, Robert W. Baird set a $26.00 price objective on shares of WillScot in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.25.

About WillScot

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.