McGrath RentCorp (MGRC) Expected to Announce Quarterly Earnings on Thursday

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) is anticipated to release its Q1 2025 earnings data after the market closes on Thursday, April 24th. Analysts expect McGrath RentCorp to post 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 - Get Free Report) last posted its quarterly 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 business had revenue of $243.75 million for 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 Trading Down 0.9 %

McGrath RentCorp stock traded down $0.94 during mid-day trading on Tuesday, reaching $101.86. The company's stock had a trading volume of 123,629 shares, compared to its average volume of 178,183. McGrath RentCorp has a twelve month low of $95.50 and a twelve month high of $129.93. The business has a 50 day moving average price of $113.19 and a 200-day moving average price of $115.35. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.35 and a beta of 0.62.

McGrath RentCorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.485 dividend. The ex-dividend date is Wednesday, April 16th. This is a positive change from McGrath RentCorp's previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 1.90%. McGrath RentCorp's payout ratio is 20.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of McGrath RentCorp from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

Insider Buying and Selling at McGrath RentCorp

In other McGrath RentCorp news, Director Kimberly Ann Box sold 1,000 shares of the business'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 completion of the transaction, the director now directly owns 7,500 shares of the company's stock, valued at $935,175. The trade was a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

McGrath RentCorp Company Profile

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.