WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) stock jumped 4.24% on Friday to $40.78 against a previous-day closing price of $39.12. With 3.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.65 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $41.71 whereas the lowest price it dropped to was $39.60. The 52-week range on WSC shows that it touched its highest point at $42.00 and its lowest point at $26.44 during that stretch. It currently has a 1-year price target of $45.91. Beta for the stock currently stands at 1.65.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WSC was up-trending over the past week, with a rise of 8.54%, but this was up by 29.34% over a month. Three-month performance surged to 11.33% while six-month performance rose 8.83%. The stock gained 44.25% in the past year, while it has lost -0.15% so far this year. A look at the trailing 12-month EPS for WSC yields 0.93 with Next year EPS estimates of 1.72. For the next quarter, that number is 0.30. This implies an EPS growth rate of 67.40% for this year and 29.64% for next year. EPS is expected to grow by 47.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.70%.
Float and Shares Shorts:
At present, 223.49 million WSC shares are outstanding with a float of 215.93 million shares on hand for trading. On Jul 14, 2022, short shares totaled 9.75 million, which was 4.38% higher than short shares on Jun 14, 2022. In addition to Mr. Bradley Lee Soultz as the firm’s CEO & Director, Mr. Timothy D. Boswell serves as its Pres & CFO.
Through their ownership of 101.53% of WSC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.15% of WSC, in contrast to 48.17% held by mutual funds. Shares owned by individuals account for 2.31%. As the largest shareholder in WSC with 8.90% of the stake, The Vanguard Group, Inc. holds 19,796,058 shares worth 19,796,058. A second-largest stockholder of WSC, Fidelity Management & Research Co, holds 13,043,042 shares, controlling over 5.86% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in WSC, holding 11,943,733 shares or 5.37% stake. With a 2.95% stake in WSC, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 6,559,566 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.53% of WSC stock, is the second-largest Mutual Fund holder. It holds 5,623,747 shares valued at 182.32 million. American Funds Small Cap World Fu holds 1.79% of the stake in WSC, owning 3,981,988 shares worth 129.1 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WSC since 10 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WSC analysts setting a high price target of $55.00 and a low target of $41.00, the average target price over the next 12 months is $45.91. Based on these targets, WSC could surge 34.87% to reach the target high and rise by 0.54% to reach the target low. Reaching the average price target will result in a growth of 12.58% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. WSC will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $1.60 being high and $1.16 being low. For WSC, this leads to a yearly average estimate of $1.33. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. WillScot Mobile Mini Holdings Corp. reported $0.32 EPS against a consensus estimate of $0.32. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.45 and the low estimate is $0.31. The average estimate for the next quarter is thus $0.37.
Summary of Insider Activity:
Insiders traded WSC stock several times over the past three months with 16 Buys and 4 Sells. In these transactions, 68,380 shares were bought while 8,919 shares were sold. The number of buy transactions has increased to 41 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 828,236 while 48,279,669 shares were sold.