WillScot Holdings Corporation (NASDAQ:WSC) Shareholders to Collect $0.07 Quarterly Dividend

WillScot Holdings Corporation (NASDAQ:WSC) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Wednesday, December 2nd will be paid a dividend of $0.07 per share on Wednesday, December 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 2nd.

WillScot has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WillScot to earn $1.28 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 21.9%.

WillScot Price Performance

WSC stock opened at $18.08 on Friday. The business’s fifty day moving average price is $18.02 and its 200 day moving average price is $21.82. WillScot has a 12-month low of $14.91 and a 12-month high of $29.77. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.80. The company has a market capitalization of $3.28 billion, a PE ratio of -47.22, a P/E/G ratio of 1.12 and a beta of 1.37.

WillScot (NASDAQ:WSC) last announced its earnings results on Thursday, November 5th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $601.34 million during the quarter, compared to analysts’ expectations of $586.11 million. WillScot had a positive return on equity of 21.62% and a negative net margin of 3.00%. WillScot’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. On average, sell-side analysts anticipate that WillScot will post 1.13 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WSC shares. Jefferies Financial Group restated a “hold” rating and issued a $20.00 price objective on shares of WillScot in a report on Friday. Citigroup reduced their target price on shares of WillScot from $30.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Barclays increased their target price on shares of WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a research report on Monday, August 17th. Finally, UBS Group dropped their price target on shares of WillScot from $29.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, October 16th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, WillScot currently has an average rating of “Hold” and an average price target of $24.25.

About WillScot

WillScot Holdings Corporation (NASDAQ: WSC) provides flexible workspace and storage solutions primarily to customers across North America. The company offers modular buildings, mobile offices, portable classrooms, storage units and other temporary or permanent space solutions for businesses, schools, construction sites, health care organizations, government agencies and other institutions.

In addition to renting and selling modular space and portable storage products, WillScot provides related services such as delivery, installation, relocation, site improvements, furnishings and facility services.