McGrath RentCorp (NASDAQ:MGRC) Announces Earnings Results, Beats Estimates By $0.08 EPS

McGrath RentCorp (NASDAQ:MGRC) announced its earnings results on Wednesday. The financial services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08, Zacks reports. The firm had revenue of $243.75 million for the quarter, compared to analysts’ expectations of $246.93 million. McGrath RentCorp had a net margin of 25.44% and a return on equity of 14.12%. McGrath RentCorp updated its FY 2025 guidance to EPS.

McGrath RentCorp Trading Down 0.7 %

Shares of MGRC stock opened at $128.06 on Friday. McGrath RentCorp has a twelve month low of $95.50 and a twelve month high of $129.93. The stock has a market cap of $3.14 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.25 and a beta of 0.77. The stock has a 50 day moving average of $117.76 and a 200 day moving average of $112.93.

McGrath RentCorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.51%. This is a positive change from McGrath RentCorp’s previous quarterly dividend of $0.48. McGrath RentCorp’s dividend payout ratio (DPR) is presently 20.15%.

Insider Activity at McGrath RentCorp

In related news, VP Gilda Malek sold 919 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $121.78, for a total value of $111,915.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MGRC has been the topic of several research reports. Oppenheimer raised their target price on McGrath RentCorp from $124.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. StockNews.com lowered shares of McGrath RentCorp from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, CJS Securities assumed coverage on shares of McGrath RentCorp in a research note on Wednesday, December 11th. They set an “outperform” rating and a $152.00 price target for the company.

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.