McGrath RentCorp (MGRC) to Release Quarterly Earnings on Wednesday

McGrath RentCorp (NASDAQ:MGRC) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $1.50 per share and revenue of $246.93 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

McGrath RentCorp Stock Up 1.2 %

MGRC stock opened at $122.74 on Wednesday. McGrath RentCorp has a 52-week low of $95.50 and a 52-week high of $130.86. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 1.26 and a beta of 0.77. The business has a fifty day moving average of $117.55 and a two-hundred day moving average of $112.22.

McGrath RentCorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 1.55%. The ex-dividend date was Friday, January 17th. McGrath RentCorp’s dividend payout ratio (DPR) is presently 20.77%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of McGrath RentCorp from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Oppenheimer increased their price target on shares of McGrath RentCorp from $124.00 to $139.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, CJS Securities began coverage on shares of McGrath RentCorp in a report on Wednesday, December 11th. They issued an “outperform” rating and a $152.00 price objective for the company.

Insider Transactions at McGrath RentCorp

In related news, VP Gilda Malek sold 919 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $121.78, for a total transaction of $111,915.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.