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

McGrath RentCorp (NASDAQ:MGRC) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

McGrath RentCorp (NASDAQ:MGRC) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.07). McGrath RentCorp had a return on equity of 13.63% and a net margin of 20.99%. The business had revenue of $221.59 million during the quarter, compared to analysts’ expectations of $214.43 million. 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 Stock Performance

Shares of MGRC opened at $107.66 on Tuesday. The company has a 50 day moving average price of $121.23 and a 200-day moving average price of $113.27. McGrath RentCorp has a fifty-two week low of $85.97 and a fifty-two week high of $130.86. The stock has a market capitalization of $2.64 billion, a PE ratio of 15.12, a PEG ratio of 1.57 and a beta of 0.80.

McGrath RentCorp Increases Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of McGrath RentCorp in a research note 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.