WillScot Corp Expected to Earn Q3 2018 Earnings of $0.03 Per Share (WSC)

WillScot Corp (NASDAQ:WSC) – Jefferies Financial Group reduced their Q3 2018 earnings per share (EPS) estimates for WillScot in a research note issued on Thursday, August 9th. Jefferies Financial Group analyst P. Ng now expects that the company will earn $0.03 per share for the quarter, down from their previous estimate of $0.05. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for WillScot’s Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.08 EPS and Q4 2019 earnings at $0.10 EPS.

WillScot (NASDAQ:WSC) last posted its earnings results on Tuesday, August 7th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business had revenue of $140.33 million for the quarter, compared to the consensus estimate of $144.55 million.

Several other research analysts have also weighed in on WSC. Zacks Investment Research lowered WillScot from a “hold” rating to a “sell” rating in a report on Thursday, May 10th. ValuEngine upgraded WillScot from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $15.33.

WSC stock opened at $15.90 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.86. The stock has a market cap of $1.50 billion and a price-to-earnings ratio of -4.14. WillScot has a 1-year low of $9.45 and a 1-year high of $17.70.

Several institutional investors have recently modified their holdings of WSC. BlackRock Inc. lifted its holdings in shares of WillScot by 646.4% in the second quarter. BlackRock Inc. now owns 1,865,677 shares of the company’s stock valued at $27,612,000 after purchasing an additional 1,615,731 shares in the last quarter. Millennium Management LLC bought a new stake in shares of WillScot in the first quarter valued at about $9,263,000. Tygh Capital Management Inc. bought a new stake in shares of WillScot in the second quarter valued at about $7,759,000. JPMorgan Chase & Co. lifted its holdings in shares of WillScot by 19.6% in the first quarter. JPMorgan Chase & Co. now owns 2,719,503 shares of the company’s stock valued at $37,122,000 after purchasing an additional 445,178 shares in the last quarter. Finally, Broadview Advisors LLC bought a new stake in shares of WillScot in the second quarter valued at about $6,312,000. Institutional investors own 37.15% of the company’s stock.

About WillScot

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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Earnings History and Estimates for WillScot (NASDAQ:WSC)

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