Mister Car Wash (NYSE:MCW – Get Rating) will be releasing its earnings data after the market closes on Thursday, November 10th. Analysts expect Mister Car Wash to post earnings of $0.08 per share for the quarter. Mister Car Wash has set its FY22 guidance at $0.36-0.39 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Mister Car Wash (NYSE:MCW – Get Rating) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Mister Car Wash had a net margin of 16.24% and a return on equity of 18.89%. The company had revenue of $225.16 million during the quarter, compared to the consensus estimate of $218.89 million. On average, analysts expect Mister Car Wash to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Mister Car Wash Stock Down 2.7 %
MCW stock opened at $8.78 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.51 and a current ratio of 0.56. The stock’s 50 day simple moving average is $9.34 and its 200 day simple moving average is $11.14. The company has a market cap of $2.67 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 1.60 and a beta of 0.75. Mister Car Wash has a fifty-two week low of $7.80 and a fifty-two week high of $19.82.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on MCW shares. MKM Partners assumed coverage on Mister Car Wash in a research report on Tuesday, October 4th. They issued a “neutral” rating and a $9.00 price objective on the stock. Morgan Stanley downgraded Mister Car Wash from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $16.00 to $11.00 in a report on Friday, August 12th. Robert W. Baird began coverage on Mister Car Wash in a research report on Monday, October 3rd. They issued a “neutral” rating and a $10.00 price target on the stock. Finally, Stifel Nicolaus lowered Mister Car Wash from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $17.00 to $10.00 in a research note on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.57.
Insider Activity at Mister Car Wash
In related news, VP Casey Penn Lindsay sold 142,127 shares of the stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $8.73, for a total value of $1,240,768.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 71.90% of the stock is owned by insiders.
Institutional Trading of Mister Car Wash
Several institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors Inc. lifted its stake in Mister Car Wash by 23.5% in the first quarter. Wasatch Advisors Inc. now owns 9,989,232 shares of the company’s stock worth $147,741,000 after purchasing an additional 1,899,664 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Mister Car Wash by 24.3% during the first quarter. Vanguard Group Inc. now owns 6,091,233 shares of the company’s stock worth $90,088,000 after acquiring an additional 1,189,990 shares during the period. Crow s Nest Holdings LP increased its position in shares of Mister Car Wash by 221.1% during the first quarter. Crow s Nest Holdings LP now owns 3,784,731 shares of the company’s stock worth $55,976,000 after acquiring an additional 2,606,011 shares during the period. BlackRock Inc. increased its position in shares of Mister Car Wash by 2.7% during the first quarter. BlackRock Inc. now owns 2,576,375 shares of the company’s stock worth $38,103,000 after acquiring an additional 66,726 shares during the period. Finally, State Street Corp increased its position in shares of Mister Car Wash by 2.5% during the second quarter. State Street Corp now owns 917,125 shares of the company’s stock worth $9,978,000 after acquiring an additional 22,274 shares during the period.
Mister Car Wash Company Profile
Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. As of June 16, 2022, it operated 407 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.