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

McGrath RentCorp (NASDAQ:MGRC) posted its earnings results on Wednesday. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, topping 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 Performance

MGRC opened at $123.85 on Thursday. McGrath RentCorp has a one year low of $95.50 and a one year high of $128.93. The company has a market cap of $3.04 billion, a P/E ratio of 13.54, a PEG ratio of 1.23 and a beta of 0.77. The business’s 50-day simple moving average is $117.58 and its 200-day simple moving average is $112.81.

McGrath RentCorp Dividend Announcement

The firm also recently disclosed 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 was Friday, January 17th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.53%. McGrath RentCorp’s payout ratio is currently 20.77%.

Insider Activity

In other news, VP Gilda Malek sold 919 shares of the 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 SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MGRC. 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. CJS Securities initiated coverage on McGrath RentCorp in a report on Wednesday, December 11th. They set an “outperform” rating and a $152.00 price target on the stock. Finally, StockNews.com upgraded McGrath RentCorp from a “hold” rating to a “buy” rating in a report on Friday, January 17th.

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.