McGrath RentCorp (MGRC) Set to Announce Quarterly Earnings on Thursday

McGrath RentCorp (NASDAQ:MGRC) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

McGrath RentCorp (NASDAQ:MGRC) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.07). The business had revenue of $221.59 million for the quarter, compared to analyst estimates of $214.43 million. McGrath RentCorp had a return on equity of 13.63% and a net margin of 20.99%. On average, analysts expect McGrath RentCorp to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

McGrath RentCorp Price Performance

Shares of NASDAQ:MGRC opened at $107.66 on Tuesday. The stock has a market cap of $2.64 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.57 and a beta of 0.80. The firm has a fifty day moving average price of $121.23 and a 200 day moving average price of $113.27. McGrath RentCorp has a 1-year low of $85.97 and a 1-year high of $130.86.

McGrath RentCorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.475 per share. The ex-dividend date is Monday, April 15th. This represents a $1.90 dividend on an annualized basis and a yield of 1.76%. This is a boost from McGrath RentCorp’s previous quarterly dividend of $0.47. McGrath RentCorp’s dividend payout ratio is currently 26.69%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of McGrath RentCorp in a research report on Saturday. They set a “hold” rating for the company.

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.