Q1 Earnings Forecast for MGRC Issued By Sidoti Csr

McGrath RentCorp (NASDAQ:MGRC) – Sidoti Csr issued their Q1 2025 earnings per share (EPS) estimates for McGrath RentCorp in a note issued to investors 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.

Other research analysts have also issued research reports about the company. StockNews.com lowered McGrath RentCorp from a “buy” rating to a “hold” rating in a research report on Thursday. Oppenheimer lifted their price target on 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 started coverage on McGrath RentCorp in a research report on Wednesday, December 11th. They issued an “outperform” rating and a $152.00 price target for the company.

McGrath RentCorp Stock Down 1.4 %

Shares of McGrath RentCorp stock opened at $127.18 on Monday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 1.35 and a beta of 0.77. The business has a 50-day moving average price of $117.93 and a 200-day moving average price of $113.21. McGrath RentCorp has a twelve month low of $95.50 and a twelve month high of $129.93.

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

Hedge Funds Weigh In On McGrath RentCorp

Large investors have recently bought and sold shares of the business. Atala Financial Inc bought a new position in McGrath RentCorp in the fourth quarter worth approximately $31,000. New Age Alpha Advisors LLC purchased a new position in McGrath RentCorp in the fourth quarter worth $33,000. KBC Group NV grew its holdings in McGrath RentCorp by 32.5% in the third quarter. KBC Group NV now owns 767 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 188 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in McGrath RentCorp in the fourth quarter worth $89,000. Finally, Covestor Ltd grew its holdings in McGrath RentCorp by 15.8% in the third quarter. Covestor Ltd now owns 1,183 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 92.05% of the company’s stock.

Insider Activity

In related news, VP Gilda Malek sold 919 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

McGrath RentCorp Increases Dividend

The business 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. This represents a $1.94 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Wednesday, April 16th. This is an increase from McGrath RentCorp’s previous quarterly dividend of $0.48. McGrath RentCorp’s payout ratio is currently 20.15%.

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.