McGrath RentCorp (MGRC) to Release Quarterly Earnings on Thursday

McGrath RentCorp (NASDAQ:MGRC) will likely be releasing its Q1 2025 earnings data after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $1.02 per share and revenue of $189.03 million for the quarter. McGrath RentCorp has set its FY 2025 guidance at EPS.

McGrath RentCorp (NASDAQ:MGRC) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.08. The firm had revenue of $243.75 million during the quarter, compared to analyst estimates of $246.93 million. McGrath RentCorp had a return on equity of 13.68% and a net margin of 25.44%. On average, analysts expect McGrath RentCorp to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

McGrath RentCorp Stock Performance

Shares of NASDAQ:MGRC opened at $101.86 on Wednesday. McGrath RentCorp has a fifty-two week low of $95.50 and a fifty-two week high of $129.93. The company’s 50-day moving average is $113.19 and its 200 day moving average is $115.35. The company has a market capitalization of $2.50 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.35 and a beta of 0.62.

McGrath RentCorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.90%. This is a boost from McGrath RentCorp’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Wednesday, April 16th. McGrath RentCorp’s payout ratio is presently 20.57%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of McGrath RentCorp from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Insider Transactions at McGrath RentCorp

In other McGrath RentCorp news, Director Kimberly Ann Box sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the director now directly owns 7,500 shares of the company’s stock, valued at $935,175. This represents a 11.76 % 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. 1.60% of the stock is owned by corporate insiders.

About McGrath RentCorp

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex.