WillScot Holdings Corporation (WSC) To Go Ex-Dividend on September 2nd

WillScot Holdings Corporation (NASDAQ:WSC) announced a quarterly dividend on Thursday, August 6th, NASDAQ Dividends reports. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.07 per share on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 2nd.

WillScot has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NASDAQ WSC opened at $20.90 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 3.80. WillScot has a 1 year low of $14.91 and a 1 year high of $29.77. The stock’s 50-day moving average price is $25.34 and its two-hundred day moving average price is $23.32. The company has a market cap of $3.79 billion, a PE ratio of -55.00, a PEG ratio of 1.22 and a beta of 1.33.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The company had revenue of $612.15 million during the quarter, compared to the consensus estimate of $585.43 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that WillScot will post 1.12 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on WSC. Citigroup lifted their price objective on WillScot from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Wall Street Zen raised WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of WillScot in a research note on Monday, August 17th. Oppenheimer reiterated an “outperform” rating and set a $29.00 price target on shares of WillScot in a report on Friday, May 8th. Finally, Robert W. Baird set a $26.00 price target on WillScot in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.50.

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.