McGrath RentCorp (NASDAQ:MGRC - Get Free Report) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.08, Zacks reports. McGrath RentCorp had a return on equity of 14.12% 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 updated its FY 2025 guidance to EPS.
McGrath RentCorp Stock Down 1.4 %
NASDAQ MGRC traded down $1.78 during trading on Friday, hitting $127.18. The company's stock had a trading volume of 225,176 shares, compared to its average volume of 142,843. The firm has a 50 day moving average price of $117.76 and a 200 day moving average price of $112.93. The firm has a market cap of $3.12 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 1.25 and a beta of 0.77. McGrath RentCorp has a 52 week low of $95.50 and a 52 week high of $129.93.
McGrath RentCorp Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from McGrath RentCorp's previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, April 16th. McGrath RentCorp's dividend payout ratio (DPR) is presently 20.15%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on MGRC. StockNews.com downgraded McGrath RentCorp from a "buy" rating to a "hold" rating in a research note on Thursday. Oppenheimer raised their price objective on McGrath RentCorp from $124.00 to $139.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Finally, CJS Securities began coverage on McGrath RentCorp in a research note on Wednesday, December 11th. They issued an "outperform" rating and a $152.00 price objective on the stock.
Get Our Latest Stock Report on MGRC
Insiders Place Their Bets
In other McGrath RentCorp news, VP Gilda Malek sold 919 shares of McGrath RentCorp stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $121.78, for a total value of $111,915.82. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company's stock.
McGrath RentCorp Company Profile
(
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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.
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