McGrath RentCorp (NASDAQ:MGRC) Releases Earnings Results

McGrath RentCorp (NASDAQ:MGRC) released its quarterly earnings results on Wednesday. The financial services provider reported $1.58 EPS for the quarter, beating the consensus estimate 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 Price Performance

Shares of NASDAQ MGRC traded up $1.63 during midday trading on Wednesday, reaching $123.85. 133,565 shares of the stock were exchanged, compared to its average volume of 134,386. McGrath RentCorp has a 12 month low of $95.50 and a 12 month high of $128.93. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 1.21 and a beta of 0.77. The business has a 50-day simple moving average of $117.45 and a two-hundred day simple moving average of $112.59.

McGrath RentCorp Dividend Announcement

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

Insider Activity at McGrath RentCorp

In related news, VP Gilda Malek sold 919 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $121.78, for a total transaction of $111,915.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MGRC has been the topic of several research reports. Oppenheimer upped 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. CJS Securities started coverage on shares of McGrath RentCorp in a research report on Wednesday, December 11th. They set an “outperform” rating and a $152.00 target price for the company. Finally, StockNews.com upgraded McGrath RentCorp from a “hold” rating to a “buy” rating in a research report on Friday, January 17th.

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.