McGrath RentCorp (MGRC) Projected to Post Quarterly Earnings on Wednesday

McGrath RentCorp (NASDAQ:MGRC) is expected to be announcing its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $1.50 per share and revenue of $246.93 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

McGrath RentCorp Stock Up 0.2 %

Shares of McGrath RentCorp stock opened at $120.38 on Tuesday. McGrath RentCorp has a 52-week low of $95.50 and a 52-week high of $129.80. The company has a 50 day moving average of $117.47 and a 200 day moving average of $112.50. The company has a market capitalization of $2.96 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.26 and a beta of 0.77.

McGrath RentCorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $0.475 dividend. The ex-dividend date was Friday, January 17th. This represents a $1.90 dividend on an annualized basis and a yield of 1.58%. McGrath RentCorp’s dividend payout ratio is currently 20.77%.

Analysts Set New Price Targets

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

Insider Transactions at McGrath RentCorp

In other news, VP Gilda Malek sold 919 shares of McGrath RentCorp stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.78, for a total value of $111,915.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s 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.