McGrath RentCorp (MGRC) to Release Quarterly Earnings on Wednesday

McGrath RentCorp (NASDAQ:MGRC) is anticipated to announce its earnings results 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

McGrath RentCorp Stock Performance

McGrath RentCorp stock opened at $122.74 on Wednesday. The stock has a 50-day simple moving average of $117.55 and a 200-day simple moving average of $112.22. The company has a market capitalization of $3.01 billion, a P/E ratio of 13.41, a PEG ratio of 1.26 and a beta of 0.77. McGrath RentCorp has a fifty-two week low of $95.50 and a fifty-two week high of $130.86.

McGrath RentCorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MGRC shares. 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 note on Friday, November 22nd. CJS Securities started coverage on shares of McGrath RentCorp in a research note on Wednesday, December 11th. They set an “outperform” rating and a $152.00 target price for the company. Finally, StockNews.com upgraded McGrath RentCorp from a “hold” rating to a “buy” rating in a research report on Friday, January 17th.

Insider Activity at McGrath RentCorp

In other news, VP Gilda Malek sold 919 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

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.