WillScot Holdings Corporation (WSC) to Issue Quarterly Dividend of $0.07 on June 17th
by Jessica Moore · The Cerbat GemWillScot Holdings Corporation (NASDAQ:WSC – Get Free Report) announced a quarterly dividend on Thursday, May 7th. Investors of record on Wednesday, June 3rd will be paid a dividend of 0.07 per share on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, June 3rd.
WillScot has a dividend payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WillScot to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 21.7%.
WillScot Stock Up 20.6%
Shares of WillScot stock opened at $28.10 on Friday. The business’s 50 day simple moving average is $19.74 and its 200 day simple moving average is $20.19. WillScot has a 52-week low of $14.91 and a 52-week high of $31.88. The firm has a market cap of $5.08 billion, a PE ratio of -73.95, a P/E/G ratio of 1.71 and a beta of 1.31. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86.
WillScot (NASDAQ:WSC – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. WillScot had a positive return on equity of 20.06% and a negative net margin of 2.99%.The business had revenue of $548.63 million for the quarter, compared to analyst estimates of $518.17 million. During the same quarter last year, the firm earned $0.26 EPS. WillScot’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts predict that WillScot will post 1.05 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
WSC has been the topic of a number of recent research reports. Robert W. Baird set a $26.00 target price on WillScot in a research report on Friday. Barclays boosted their price target on WillScot from $18.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, March 6th. Citigroup lowered their price target on WillScot from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Oppenheimer reaffirmed an “outperform” rating and set a $29.00 price target on shares of WillScot in a research report on Friday. Finally, UBS Group began coverage on WillScot in a research report on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.38.
Get Our Latest Stock Report on WSC
WillScot Company Profile
WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.
In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.