McGrath RentCorp (NASDAQ:MGRC) Announces Quarterly Earnings Results

McGrath RentCorp (NASDAQ:MGRC) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08, Zacks reports. McGrath RentCorp had a net margin of 25.29% and a return on equity of 13.64%. McGrath RentCorp updated its FY 2025 guidance to EPS.

McGrath RentCorp Trading Up 1.3 %

McGrath RentCorp stock traded up $1.63 during trading on Wednesday, reaching $123.85. The company had a trading volume of 133,564 shares, compared to its average volume of 134,259. The firm’s 50-day simple moving average is $117.45 and its 200 day simple moving average is $112.59. McGrath RentCorp has a 52 week low of $95.50 and a 52 week high of $128.93. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 1.21 and a beta of 0.77.

McGrath RentCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.90 annualized dividend and a dividend yield of 1.53%. McGrath RentCorp’s dividend payout ratio (DPR) is 20.77%.

Insiders Place Their Bets

In other McGrath RentCorp news, VP Gilda Malek sold 919 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $121.78, for a total value of $111,915.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MGRC shares. StockNews.com upgraded shares of McGrath RentCorp from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. CJS Securities assumed coverage on McGrath RentCorp in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $152.00 price target on the stock. Finally, Oppenheimer boosted their price target on McGrath RentCorp from $124.00 to $139.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd.

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.