Q4 EPS Forecast for WillScot Mobile Mini Reduced by Analyst

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) – Analysts at William Blair lowered their Q4 2024 earnings estimates for WillScot Mobile Mini in a research report issued to clients and investors on Thursday, October 31st. William Blair analyst T. Mulrooney now expects that the company will post earnings per share of $0.49 for the quarter, down from their prior forecast of $0.60. The consensus estimate for WillScot Mobile Mini’s current full-year earnings is $1.76 per share. William Blair also issued estimates for WillScot Mobile Mini’s Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.57 EPS and FY2025 earnings at $1.95 EPS.

A number of other equities analysts have also commented on the company. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a “buy” rating to a “hold” rating and cut their price objective for the stock from $46.00 to $35.00 in a research note on Thursday. Robert W. Baird reduced their price objective on shares of WillScot Mobile Mini from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Bank of America cut their price target on shares of WillScot Mobile Mini from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Oppenheimer lowered their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.00.

WillScot Mobile Mini Price Performance

WSC stock opened at $36.54 on Friday. The company has a market capitalization of $6.89 billion, a P/E ratio of 332.18, a PEG ratio of 1.25 and a beta of 1.35. The company has a fifty day moving average price of $37.97 and a 200-day moving average price of $38.27. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.83 and a current ratio of 0.91. WillScot Mobile Mini has a 52-week low of $32.71 and a 52-week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 22.99%. The business had revenue of $601.43 million during the quarter, compared to the consensus estimate of $617.83 million. During the same quarter last year, the business earned $0.46 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year.

Insider Buying and Selling

In other news, CEO Bradley Lee Soultz acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average price of $38.97 per share, for a total transaction of $194,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 149,686 shares in the company, valued at $5,833,263.42. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WSC. Principal Financial Group Inc. lifted its holdings in shares of WillScot Mobile Mini by 17.8% in the first quarter. Principal Financial Group Inc. now owns 16,625 shares of the company’s stock valued at $773,000 after purchasing an additional 2,513 shares in the last quarter. Norden Group LLC boosted its holdings in WillScot Mobile Mini by 51.4% during the 1st quarter. Norden Group LLC now owns 8,579 shares of the company’s stock worth $399,000 after acquiring an additional 2,911 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of WillScot Mobile Mini in the 1st quarter worth $55,000. Central Pacific Bank Trust Division purchased a new stake in shares of WillScot Mobile Mini in the first quarter valued at about $730,000. Finally, GSA Capital Partners LLP lifted its position in shares of WillScot Mobile Mini by 250.1% during the first quarter. GSA Capital Partners LLP now owns 45,326 shares of the company’s stock valued at $2,108,000 after purchasing an additional 32,378 shares in the last quarter. 95.81% of the stock is currently owned by institutional investors and hedge funds.

About WillScot Mobile Mini

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.