Mister Car Wash (MCW) Projected to Post Earnings on Wednesday

Mister Car Wash (NYSE:MCW) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $248.39 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Mister Car Wash Stock Down 0.4 %

NYSE MCW opened at $7.69 on Wednesday. The company has a market capitalization of $2.48 billion, a P/E ratio of 33.44, a PEG ratio of 1.75 and a beta of 1.63. Mister Car Wash has a 12 month low of $5.84 and a 12 month high of $9.45. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. The company’s 50 day simple moving average is $7.45 and its 200 day simple moving average is $7.12.

Insiders Place Their Bets

In other news, insider Joseph Duane Matheny sold 74,304 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total transaction of $598,147.20. Following the completion of the transaction, the insider now owns 81,206 shares of the company’s stock, valued at approximately $653,708.30. This represents a 47.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 70.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on MCW shares. Stephens assumed coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price for the company. Wells Fargo & Company cut their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley lowered their price target on Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, UBS Group increased their price objective on Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.81.

About Mister Car Wash

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.