Wall Street analysts predict that WillScot Corp (NASDAQ:WSC) will announce earnings per share of $0.06 for the current quarter, Zacks reports. Two analysts have provided estimates for WillScot’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.00. WillScot posted earnings of ($0.02) per share during the same quarter last year, which would indicate a positive year over year growth rate of 400%. The company is expected to announce its next earnings results on Thursday, August 6th.
On average, analysts expect that WillScot will report full year earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from $0.16 to $0.54. For the next financial year, analysts forecast that the firm will report earnings of $0.69 per share, with EPS estimates ranging from $0.46 to $0.94. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover WillScot.
WSC has been the subject of several recent research reports. Oppenheimer initiated coverage on shares of WillScot in a report on Friday, May 1st. They set a “buy” rating and a $14.00 target price for the company. DA Davidson cut their price objective on shares of WillScot from $23.00 to $19.00 and set a “buy” rating for the company in a report on Friday, March 27th. Bank of America reaffirmed a “buy” rating and issued a $17.00 price objective on shares of WillScot in a report on Thursday, May 28th. Finally, ValuEngine raised shares of WillScot from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.20.
Several hedge funds have recently modified their holdings of the company. Park West Asset Management LLC increased its stake in WillScot by 176.6% during the first quarter. Park West Asset Management LLC now owns 1,430,000 shares of the company’s stock valued at $14,486,000 after purchasing an additional 913,000 shares during the last quarter. Driehaus Capital Management LLC boosted its position in shares of WillScot by 438.3% in the first quarter. Driehaus Capital Management LLC now owns 938,326 shares of the company’s stock valued at $9,505,000 after acquiring an additional 764,002 shares during the period. Wolverine Asset Management LLC boosted its position in shares of WillScot by 248.3% in the first quarter. Wolverine Asset Management LLC now owns 992,518 shares of the company’s stock valued at $10,054,000 after acquiring an additional 707,518 shares during the period. Madison Asset Management LLC acquired a new position in WillScot during the fourth quarter worth $8,553,000. Finally, Victory Capital Management Inc. increased its stake in shares of WillScot by 4,290.7% in the fourth quarter. Victory Capital Management Inc. now owns 286,054 shares of the company’s stock valued at $5,392,000 after buying an additional 279,539 shares in the last quarter. Hedge funds and other institutional investors own 54.85% of the company’s stock.
Shares of WillScot stock traded down $1.09 during trading on Monday, hitting $14.12. 44,165 shares of the company’s stock were exchanged, compared to its average volume of 877,140. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.88 and a current ratio of 0.93. The business has a 50-day simple moving average of $12.35 and a 200-day simple moving average of $15.08. WillScot has a 52-week low of $7.45 and a 52-week high of $19.79. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -379.50, a PEG ratio of 2.46 and a beta of 1.99.
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.
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