What is Sidoti Csr’s Forecast for MGRC Q1 Earnings?

McGrath RentCorp (NASDAQ:MGRC) – Analysts at Sidoti Csr issued their Q1 2025 EPS estimates for shares of McGrath RentCorp in a research report issued on Thursday, February 20th. Sidoti Csr analyst M. Riddick forecasts that the financial services provider will earn $1.02 per share 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.

A number of other brokerages have also recently issued reports on MGRC. StockNews.com cut shares of McGrath RentCorp from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. CJS Securities assumed coverage on shares of McGrath RentCorp in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $152.00 price objective for the company. Finally, Oppenheimer increased their price target on shares of McGrath RentCorp from $124.00 to $139.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd.

McGrath RentCorp Stock Performance

Shares of McGrath RentCorp stock opened at $125.66 on Monday. McGrath RentCorp has a 52-week low of $95.50 and a 52-week high of $129.93. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 1.35 and a beta of 0.77. The company has a fifty day moving average of $117.93 and a 200-day moving average of $113.31.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MGRC. Atala Financial Inc bought a new position in shares of McGrath RentCorp in the 4th quarter worth about $31,000. New Age Alpha Advisors LLC bought a new position in shares of McGrath RentCorp in the 4th quarter worth about $33,000. KBC Group NV increased its stake in shares of McGrath RentCorp by 32.5% in the 3rd quarter. KBC Group NV now owns 767 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 188 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of McGrath RentCorp in the 4th quarter worth about $89,000. Finally, Covestor Ltd grew its position in McGrath RentCorp by 15.8% during the 3rd quarter. Covestor Ltd now owns 1,183 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 161 shares during the last quarter. 92.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McGrath RentCorp

In other McGrath RentCorp news, VP Gilda Malek sold 919 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

McGrath RentCorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.94 annualized dividend and a yield of 1.54%. This is a boost from McGrath RentCorp’s previous quarterly dividend of $0.48. McGrath RentCorp’s dividend payout ratio is presently 20.57%.

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.