McGrath RentCorp (MGRC) Set to Announce Earnings on Thursday

McGrath RentCorp (NASDAQ:MGRC) will post its quarterly earnings results after the market closes on Thursday, July 25th. Analysts expect McGrath RentCorp to post earnings of $1.25 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

McGrath RentCorp (NASDAQ:MGRC) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.73 by $0.20. The company had revenue of $187.80 million for the quarter, compared to the consensus estimate of $145.63 million. McGrath RentCorp had a net margin of 14.70% and a return on equity of 13.43%. McGrath RentCorp’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. On average, analysts expect McGrath RentCorp to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

McGrath RentCorp Stock Performance

Shares of McGrath RentCorp stock opened at $113.92 on Wednesday. The company has a 50-day simple moving average of $107.90 and a two-hundred day simple moving average of $114.62. McGrath RentCorp has a 52-week low of $89.91 and a 52-week high of $130.86. The stock has a market capitalization of $2.80 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.71 and a beta of 0.77.

McGrath RentCorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, July 17th. McGrath RentCorp’s payout ratio is 37.04%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on McGrath RentCorp in a research report on Sunday. They set a “hold” rating on the stock.

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.