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

McGrath RentCorp (NASDAQ:MGRC) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $1.02 per share and revenue of $189.03 million for the quarter. McGrath RentCorp has set its FY 2025 guidance at EPS.

McGrath RentCorp (NASDAQ:MGRC) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.50 by $0.08. The firm had revenue of $243.75 million during the quarter, compared to the consensus estimate of $246.93 million. McGrath RentCorp had a return on equity of 13.68% and a net margin of 25.44%. On average, analysts expect McGrath RentCorp to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

McGrath RentCorp Trading Down 2.0 %

NASDAQ:MGRC opened at $102.80 on Tuesday. The stock’s 50-day moving average is $113.56 and its 200-day moving average is $115.44. The stock has a market cap of $2.52 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.35 and a beta of 0.62. McGrath RentCorp has a 1-year low of $95.50 and a 1-year high of $129.93.

McGrath RentCorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.485 dividend. This is a boost from McGrath RentCorp’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a yield of 1.89%. The ex-dividend date is Wednesday, April 16th. McGrath RentCorp’s dividend payout ratio is 20.57%.

Insiders Place Their Bets

In related news, Director Kimberly Ann Box sold 1,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the transaction, the director now owns 7,500 shares in the company, valued at $935,175. The trade was a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded McGrath RentCorp from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

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.