WillScot Mobile Mini Holdings Corp. (WSC) to Issue — Dividend of $0.07 on March 19th

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) declared a — dividend on Tuesday, February 18th, Wall Street Journal reports. Stockholders of record on Wednesday, March 5th will be paid a dividend of 0.07 per share on Wednesday, March 19th. The ex-dividend date is Wednesday, March 5th.

WillScot Mobile Mini has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WillScot Mobile Mini to earn $1.96 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 14.3%.

WillScot Mobile Mini Stock Up 0.3 %

Shares of WSC opened at $32.95 on Monday. The company has a 50-day simple moving average of $35.88 and a 200-day simple moving average of $36.94. The firm has a market capitalization of $6.09 billion, a P/E ratio of 219.68, a P/E/G ratio of 2.18 and a beta of 1.41. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.82 and a current ratio of 0.90. WillScot Mobile Mini has a 52 week low of $32.57 and a 52 week high of $48.52.

WillScot Mobile Mini (NASDAQ:WSC) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. WillScot Mobile Mini had a net margin of 1.17% and a return on equity of 24.67%. The firm had revenue of $602.52 million during the quarter, compared to analyst estimates of $606.55 million. On average, equities research analysts expect that WillScot Mobile Mini will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of WillScot Mobile Mini from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $50.00 in a research report on Tuesday, December 17th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.22.

Insider Activity

In other news, insider Graeme Parkes sold 2,900 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.01, for a total transaction of $107,329.00. Following the sale, the insider now directly owns 72,818 shares of the company’s stock, valued at $2,694,994.18. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by insiders.

About WillScot Mobile Mini

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.