Mister Car Wash (NYSE:MCW) Issues FY 2021 Earnings Guidance

Mister Car Wash (NYSE:MCW) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $0.400-$0.440 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.410. The company issued revenue guidance of $751 million-$756 million, compared to the consensus revenue estimate of $746.40 million.

Several research firms have recently commented on MCW. UBS Group raised shares of Mister Car Wash from a neutral rating to a buy rating and set a $23.00 target price on the stock in a report on Friday, September 17th. FIG Partners raised shares of Mister Car Wash to a reduce rating in a research note on Tuesday, November 16th. Bank of America raised shares of Mister Car Wash from a neutral rating to a buy rating and set a $23.00 price target on the stock in a research note on Friday, September 17th. Zacks Investment Research downgraded shares of Mister Car Wash from a buy rating to a hold rating in a research note on Thursday. Finally, Morgan Stanley decreased their price target on shares of Mister Car Wash from $21.00 to $20.00 and set an equal weight rating on the stock in a research note on Tuesday, August 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $23.22.

MCW stock traded up $0.35 during mid-day trading on Thursday, reaching $16.77. 739,037 shares of the stock traded hands, compared to its average volume of 879,132. The company has a quick ratio of 1.35, a current ratio of 1.39 and a debt-to-equity ratio of 1.01. Mister Car Wash has a one year low of $16.06 and a one year high of $24.49. The company has a 50-day simple moving average of $18.02.

Mister Car Wash (NYSE:MCW) last posted its quarterly earnings data on Thursday, November 11th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. Mister Car Wash had a negative net margin of 2.46% and a negative return on equity of 6.16%. As a group, equities research analysts expect that Mister Car Wash will post -0.12 EPS for the current year.

A number of hedge funds have recently bought and sold shares of MCW. Royal Bank of Canada bought a new position in shares of Mister Car Wash in the second quarter worth about $68,000. UBS Group AG bought a new position in shares of Mister Car Wash in the third quarter worth about $75,000. Morgan Stanley bought a new position in shares of Mister Car Wash in the second quarter worth about $242,000. Invesco Ltd. bought a new position in shares of Mister Car Wash in the third quarter worth about $676,000. Finally, Bank of America Corp DE bought a new position in shares of Mister Car Wash in the second quarter worth about $969,000. Institutional investors and hedge funds own 95.22% of the company’s stock.

Mister Car Wash Company Profile

Mister Car Wash, Inc provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company also provides related automotive services, including quick lube services and gasoline sales. As of March 31, 2021, it operated 344 car wash locations in 21 states, which include 263 express exterior locations and 81 interior cleaning locations.

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Earnings History and Estimates for Mister Car Wash (NYSE:MCW)

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