McGrath RentCorp (MGRC) to Release Earnings on Wednesday

McGrath RentCorp (NASDAQ:MGRC - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect McGrath RentCorp to post earnings of $1.50 per share and revenue of $246.93 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

McGrath RentCorp Price Performance

MGRC traded up $0.24 on Friday, reaching $120.38. 83,708 shares of the company traded hands, compared to its average volume of 143,715. The stock's 50 day moving average price is $117.47 and its 200-day moving average price is $112.48. McGrath RentCorp has a 52-week low of $95.50 and a 52-week high of $129.80. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.26 and a beta of 0.77.

McGrath RentCorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, January 17th. McGrath RentCorp's dividend payout ratio (DPR) is presently 20.77%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MGRC. StockNews.com upgraded shares of McGrath RentCorp from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. 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 objective for the company. Finally, Oppenheimer upped their target price on shares of McGrath RentCorp from $124.00 to $139.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd.

Insider Buying and Selling at McGrath RentCorp

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