Zacks: Analysts Anticipate WillScot Corp (NASDAQ:WSC) Will Post Earnings of $0.08 Per Share

Equities research analysts expect WillScot Corp (NASDAQ:WSC) to post earnings per share of $0.08 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for WillScot’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.10. WillScot posted earnings per share of ($0.10) in the same quarter last year, which suggests a positive year-over-year growth rate of 180%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that WillScot will report full-year earnings of $0.05 per share for the current fiscal year, with EPS estimates ranging from ($0.09) to $0.18. For the next year, analysts expect that the company will post earnings of $0.74 per share, with EPS estimates ranging from $0.56 to $0.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow WillScot.

Several equities research analysts have recently commented on the company. DA Davidson assumed coverage on WillScot in a research note on Tuesday, June 25th. They issued a “buy” rating and a $19.00 price objective for the company. Zacks Investment Research lowered WillScot from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, TheStreet upgraded WillScot from a “d-” rating to a “c-” rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.31.

Shares of NASDAQ:WSC traded up $0.09 during midday trading on Thursday, hitting $14.09. The company had a trading volume of 352,352 shares, compared to its average volume of 573,728. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.04 and a quick ratio of 0.99. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 74.16, a PEG ratio of 11.73 and a beta of 1.77. WillScot has a 12-month low of $8.21 and a 12-month high of $18.19. The company has a fifty day moving average of $15.03 and a two-hundred day moving average of $12.98.

Hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. boosted its holdings in WillScot by 6.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 16,186 shares of the company’s stock valued at $243,000 after purchasing an additional 972 shares during the last quarter. Morgan Stanley lifted its position in shares of WillScot by 2.0% during the second quarter. Morgan Stanley now owns 67,630 shares of the company’s stock worth $1,017,000 after purchasing an additional 1,342 shares in the last quarter. Rhumbline Advisers lifted its position in shares of WillScot by 3.5% during the first quarter. Rhumbline Advisers now owns 45,420 shares of the company’s stock worth $504,000 after purchasing an additional 1,521 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of WillScot by 78.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,606 shares of the company’s stock worth $51,000 after buying an additional 2,019 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of WillScot by 87.8% in the second quarter. Bank of Montreal Can now owns 9,263 shares of the company’s stock worth $139,000 after buying an additional 4,330 shares during the last quarter. Institutional investors and hedge funds own 47.95% of the company’s stock.

About WillScot

Willscot Corp. operates as a holding company, which engages in the provision of modular space and portable storage markets. Its services include furniture rental, transportation and logistics, storage & facilities services and commercial real estate. The company was founded by Albert Vaughn Williams in 1944 and is headquartered in Baltimore, MD.

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Earnings History and Estimates for WillScot (NASDAQ:WSC)

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