The $34.18 Is The Price At Which WillScot Holdings Corp (NASDAQ: WSC) Deserves Consideration

During the recent session, WillScot Holdings Corp (NASDAQ:WSC)’s traded shares were 5.15 million, with the beta value of the company hitting 1.35. At the last check today, the stock’s price was $34.18, reflecting an intraday loss of -12.09% or -$4.7. The 52-week high for the WSC share is $52.16, that puts it down -52.6 from that peak though still a striking 2.78% gain since the share price plummeted to a 52-week low of $33.23. The company’s market capitalization is $6.44B, and the average intraday trading volume over the past 10 days was 2.44 million shares, and the average trade volume was 2.25 million shares over the past three months.

WillScot Holdings Corp (WSC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.20. WSC has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.57.

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WillScot Holdings Corp (NASDAQ:WSC) trade information

WillScot Holdings Corp (WSC) registered a -12.09% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -12.09% in intraday trading to $34.18, hitting a weekly high. The stock’s 5-day price performance is -9.02%, and it has moved by -8.63% in 30 days. Based on these gigs, the overall price performance for the year is -13.27%. The short interest in WillScot Holdings Corp (NASDAQ:WSC) is 13.98 million shares and it means that shorts have 5.0 day(s) to cover.

The consensus price target of analysts on Wall Street is $46, which implies an increase of 25.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $35 and $55 respectively. As a result, WSC is trading at a discount of -60.91% off the target high and -2.4% off the low.

WillScot Holdings Corp (WSC) estimates and forecasts

Statistics show that WillScot Holdings Corp has underperformed its competitors in share price, compared to the industry in which it operates. WillScot Holdings Corp (WSC) shares have gone down -9.10% during the last six months, with a year-to-date growth rate less than the industry average at 4.14% against 9.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 29.50% this quarter and then jump 51.70% in the quarter after that. In the rating firms’ projections, revenue will increase 3.60% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 641.8M as predicted by 8 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 610.02M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 612.38M and 587.18M respectively. In this case, analysts expect current quarter sales to grow by 4.80% and then jump by 3.90% in the coming quarter.

While earnings are projected to return -1.83% in 2024, the next five years will return 18.50% per annum.

WSC Dividends

WillScot Holdings Corp is due to release its next quarterly earnings on 2025-Feb-18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

WillScot Holdings Corp (NASDAQ:WSC)’s Major holders

WillScot Holdings Corp insiders own 2.62% of total outstanding shares while institutional holders control 104.91%, with the float percentage being 107.73%. VANGUARD GROUP INC is the largest shareholder of the company, while 529.0 institutions own stock in it. As of 2024-06-30, the company held over 16.87 million shares (or 8.8965% of all shares), a total value of $635.17 million in shares.

The next largest institutional holding, with 11.33 million shares, is of BLACKROCK INC.’s that is approximately 5.9743% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $426.54 million.