McGrath RentCorp (NASDAQ:MGRC) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

McGrath RentCorp (NASDAQ:MGRC) issued its earnings results on Wednesday. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.08, Zacks reports. McGrath RentCorp had a return on equity of 13.64% and a net margin of 25.29%. McGrath RentCorp updated its FY 2025 guidance to EPS.

McGrath RentCorp Stock Up 1.3 %

NASDAQ:MGRC traded up $1.63 during mid-day trading on Wednesday, hitting $123.85. 133,564 shares of the stock traded hands, compared to its average volume of 134,259. McGrath RentCorp has a 52 week low of $95.50 and a 52 week high of $128.93. The firm’s 50 day moving average is $117.45 and its two-hundred day moving average is $112.59. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.21 and a beta of 0.77.

McGrath RentCorp Dividend Announcement

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

Insider Buying and Selling at McGrath RentCorp

In related news, VP Gilda Malek sold 919 shares of McGrath RentCorp stock in a transaction dated 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 is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on MGRC. CJS Securities began 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 on the stock. StockNews.com upgraded McGrath RentCorp from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Oppenheimer lifted their price objective on McGrath RentCorp from $124.00 to $139.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd.

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.