McGrath RentCorp (MGRC) Projected to Post Earnings on Thursday

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $1.30 per share and revenue of $220.71 million for the quarter. McGrath RentCorp has set its FY 2025 guidance at EPS.

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.13. McGrath RentCorp had a return on equity of 13.57% and a net margin of 25.81%. The firm had revenue of $195.42 million during the quarter, compared to the consensus estimate of $189.03 million. During the same period in the prior year, the firm earned $0.93 EPS. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. 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 Trading Up 1.0%

Shares of NASDAQ MGRC opened at $117.39 on Thursday. The stock has a fifty day moving average price of $115.62 and a 200 day moving average price of $114.70. The company has a market cap of $2.89 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.21 and a beta of 0.66. McGrath RentCorp has a 12-month low of $95.50 and a 12-month high of $129.93.

McGrath RentCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.485 per share. The ex-dividend date is Thursday, July 17th. This represents a $1.94 annualized dividend and a dividend yield of 1.65%. McGrath RentCorp's dividend payout ratio is presently 20.10%.

Insider Transactions at McGrath RentCorp

In other McGrath RentCorp news, CAO David M. Whitney sold 2,221 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $114.21, for a total value of $253,660.41. Following the sale, the chief accounting officer owned 6,694 shares in the company, valued at approximately $764,521.74. This trade represents a 24.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Trease Kristina Van sold 2,221 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $114.21, for a total transaction of $253,660.41. Following the completion of the sale, the insider owned 6,694 shares in the company, valued at $764,521.74. The trade was a 24.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,313 shares of company stock valued at $2,005,372 over the last ninety days. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On McGrath RentCorp

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC raised its position in McGrath RentCorp by 2,213.6% in the first quarter. Jane Street Group LLC now owns 58,140 shares of the financial services provider's stock worth $6,477,000 after acquiring an additional 55,627 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of McGrath RentCorp by 5.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,256 shares of the financial services provider's stock valued at $8,606,000 after buying an additional 3,967 shares in the last quarter. Intech Investment Management LLC grew its stake in McGrath RentCorp by 24.8% during the 1st quarter. Intech Investment Management LLC now owns 13,800 shares of the financial services provider's stock valued at $1,537,000 after acquiring an additional 2,745 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of McGrath RentCorp by 68.6% in the 1st quarter. Focus Partners Wealth now owns 2,044 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 832 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in McGrath RentCorp by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,528 shares of the financial services provider's stock worth $1,618,000 after buying an additional 639 shares in the last quarter. Institutional investors and hedge funds own 92.05% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of McGrath RentCorp from a "hold" rating to a "buy" rating in a research report on Friday, April 25th.

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.

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