Wall Street brokerages predict that WillScot Corp (NASDAQ:WSC) will post ($0.03) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for WillScot’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at ($0.08). WillScot posted earnings of $0.01 per share in the same quarter last year, which indicates a negative year over year growth rate of 400%. The firm is expected to announce its next earnings report on Thursday, May 2nd.

On average, analysts expect that WillScot will report full year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.42. For the next year, analysts anticipate that the company will report earnings of $0.72 per share, with EPS estimates ranging from $0.36 to $1.05. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for WillScot.

A number of research firms recently commented on WSC. Deutsche Bank dropped their price target on WillScot from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, January 4th. Barclays began coverage on WillScot in a research note on Monday, November 19th. They issued an “equal weight” rating and a $18.00 price target for the company. Finally, Zacks Investment Research raised WillScot from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Saturday, February 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $16.57.

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in WillScot in the second quarter valued at about $120,000. California Public Employees Retirement System bought a new position in WillScot during the 2nd quarter worth approximately $229,000. Northern Trust Corp grew its position in WillScot by 871.1% during the 2nd quarter. Northern Trust Corp now owns 403,353 shares of the company’s stock worth $5,970,000 after acquiring an additional 361,819 shares during the last quarter. Russell Investments Group Ltd. bought a new position in WillScot during the 3rd quarter worth approximately $6,496,000. Finally, Engineers Gate Manager LP grew its position in WillScot by 15.0% during the 3rd quarter. Engineers Gate Manager LP now owns 61,792 shares of the company’s stock worth $1,060,000 after acquiring an additional 8,064 shares during the last quarter. Hedge funds and other institutional investors own 54.77% of the company’s stock.

Shares of WSC traded up $0.55 during midday trading on Friday, reaching $11.30. 36,908 shares of the stock were exchanged, compared to its average volume of 677,047. WillScot has a twelve month low of $8.21 and a twelve month high of $18.19. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market capitalization of $1.14 billion and a P/E ratio of -2.94.

WillScot Company Profile

WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors.

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Earnings History and Estimates for WillScot (NASDAQ:WSC)

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