Equities Analysts Offer Predictions for MGRC Q1 Earnings

McGrath RentCorp (NASDAQ:MGRC) – Investment analysts at Sidoti Csr issued their Q1 2025 earnings per share (EPS) estimates for McGrath RentCorp in a research note issued on Thursday, February 20th. Sidoti Csr analyst M. Riddick forecasts that the financial services provider will post earnings per share of $1.02 for the quarter. The consensus estimate for McGrath RentCorp’s current full-year earnings is $6.18 per share. Sidoti Csr also issued estimates for McGrath RentCorp’s Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $2.01 EPS, Q4 2025 earnings at $1.93 EPS, FY2025 earnings at $6.19 EPS, Q1 2026 earnings at $0.97 EPS, Q2 2026 earnings at $1.58 EPS, Q3 2026 earnings at $2.10 EPS, Q4 2026 earnings at $2.07 EPS and FY2026 earnings at $6.73 EPS.

A number of other analysts have also weighed in on the company. Oppenheimer increased their target price on McGrath RentCorp from $124.00 to $139.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. StockNews.com lowered McGrath RentCorp from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, CJS Securities assumed coverage on McGrath RentCorp in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $152.00 target price on the stock.

McGrath RentCorp Stock Down 0.3 %

MGRC stock opened at $125.25 on Monday. The business’s fifty day simple moving average is $118.08 and its two-hundred day simple moving average is $113.50. McGrath RentCorp has a twelve month low of $95.50 and a twelve month high of $129.93. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.35 and a beta of 0.77.

McGrath RentCorp (NASDAQ:MGRC) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. McGrath RentCorp had a return on equity of 13.68% and a net margin of 25.44%. The company had revenue of $243.75 million during the quarter, compared to the consensus estimate of $246.93 million.

McGrath RentCorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 annualized dividend and a dividend yield of 1.55%. This is a positive change from McGrath RentCorp’s previous quarterly dividend of $0.48. McGrath RentCorp’s dividend payout ratio (DPR) is currently 20.57%.

Insider Activity

In other news, VP Gilda Malek sold 919 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $121.78, for a total transaction of $111,915.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On McGrath RentCorp

Several institutional investors have recently made changes to their positions in MGRC. O Shaughnessy Asset Management LLC raised its holdings in McGrath RentCorp by 3.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,602 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 86 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in McGrath RentCorp by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,024 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 104 shares in the last quarter. Covestor Ltd lifted its position in McGrath RentCorp by 15.8% during the third quarter. Covestor Ltd now owns 1,183 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 161 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in McGrath RentCorp by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,553 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 162 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in McGrath RentCorp by 1.8% in the fourth quarter. Sei Investments Co. now owns 10,575 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 92.05% of the company’s stock.

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.