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

Key Points

• McGrath RentCorp is expected to report Q3 2026 results after the market closes on October 28. Analysts forecast earnings of $1.89 per share on revenue of $273.25 million; the company previously missed estimates with Q2 EPS of $1.37 and revenue of $221.11 million.
• The stock opened at $112.03, with a market capitalization of $2.74 billion and a 52-week range of $94.99 to $125.83. Analysts maintain a consensus “Hold” rating and an average price target of $140.
• McGrath RentCorp declared a quarterly dividend of $0.495 per share, equivalent to a 1.8% yield, payable October 30 to shareholders of record on October 16. Insiders sold 13,935 shares worth approximately $1.64 million over the past three months.

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) is expected to announce its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of $1.89 per share and revenue of $273.25 million for the quarter. Investors can find conference call details on the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 5:00 PM ET.

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.10). The firm had revenue of $221.11 million during the quarter, compared to the consensus estimate of $236.51 million. McGrath RentCorp had a return on equity of 12.44% and a net margin of 16.38%. On average, analysts expect McGrath RentCorp to post $6.37 EPS for the current fiscal year and $7.04 EPS for the next fiscal year.

McGrath RentCorp Stock Down 0.2%

MGRC opened at $112.03 on Wednesday. The stock has a market cap of $2.74 billion, a PE ratio of 18.04, a PEG ratio of 1.14 and a beta of 0.47. The business has a 50 day moving average of $113.88 and a 200-day moving average of $114.65. McGrath RentCorp has a 52 week low of $94.99 and a 52 week high of $125.83.

McGrath RentCorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $0.4950 dividend. This represents a $1.98 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 16th. McGrath RentCorp's dividend payout ratio is presently 31.88%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded McGrath RentCorp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $140.00.

Insider Activity at McGrath RentCorp

In other McGrath RentCorp news, VP John P. Skenesky sold 2,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $120.41, for a total value of $240,820.00. Following the sale, the vice president owned 10,634 shares in the company, valued at approximately $1,280,439.94. This represents a 15.83% 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, Director Joseph F. Hanna sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $115.04, for a total transaction of $862,800.00. Following the transaction, the director directly owned 144,049 shares of the company's stock, valued at $16,571,396.96. This represents a 4.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,935 shares of company stock valued at $1,639,856 in the last three months. Company insiders own 1.40% of the company's stock.

McGrath RentCorp Company Profile

McGrath RentCorp was a business-to-business rental company that provided modular buildings, portable storage, electronic test equipment and related products. Its modular building offerings served customers needing temporary or permanent space, including classrooms, offices, healthcare facilities and other commercial or institutional applications.

Through brands such as Mobile Modular, the company rented relocatable buildings and portable storage units, while its TRS-RenTelco business provided electronic test and measurement equipment to telecommunications, electronics, aerospace, defense and other industrial customers.

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