Zacks: Analysts Anticipate WillScot Corp (WSC) Will Post Quarterly Sales of $250.16 Million
Equities research analysts predict that WillScot Corp (NASDAQ:WSC) will post $250.16 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for WillScot’s earnings, with the lowest sales estimate coming in at $228.20 million and the highest estimate coming in at $263.20 million. WillScot reported sales of $134.75 million in the same quarter last year, which indicates a positive year over year growth rate of 85.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, May 2nd.
On average, analysts expect that WillScot will report full-year sales of $1.08 billion for the current year, with estimates ranging from $1.07 billion to $1.10 billion. For the next financial year, analysts forecast that the business will report sales of $1.15 billion, with estimates ranging from $1.13 billion to $1.17 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for WillScot.
WillScot (NASDAQ:WSC) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.17. WillScot had a positive return on equity of 0.41% and a negative net margin of 6.81%. The firm had revenue of $257.40 million during the quarter, compared to the consensus estimate of $265.49 million.
WSC stock traded down $0.22 during midday trading on Tuesday, hitting $11.65. The company’s stock had a trading volume of 178,412 shares, compared to its average volume of 717,542. WillScot has a 1 year low of $8.21 and a 1 year high of $18.19. The stock has a market cap of $1.38 billion, a P/E ratio of 61.32, a P/E/G ratio of 3.94 and a beta of 1.96. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 2.38.
In other WillScot news, Director Mark S. Bartlett purchased 35,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was acquired at an average cost of $11.56 per share, for a total transaction of $404,600.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 66.27% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. purchased a new position in shares of WillScot in the fourth quarter valued at $33,000. Bank of Montreal Can lifted its position in WillScot by 3,531.9% during the fourth quarter. Bank of Montreal Can now owns 9,007 shares of the company’s stock valued at $85,000 after purchasing an additional 8,759 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of WillScot by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,854 shares of the company’s stock worth $102,000 after buying an additional 8,477 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of WillScot in the 4th quarter worth $114,000. Finally, Bank of America Corp DE bought a new stake in shares of WillScot in the 2nd quarter worth about $120,000. Institutional investors and hedge funds own 50.69% of the company’s stock.
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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