McGrath RentCorp (NASDAQ:MGRC) will be announcing its earnings results after the market closes on Tuesday, February 27th. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
McGrath RentCorp (NASDAQ:MGRC) opened at $47.90 on Tuesday. The firm has a market capitalization of $1,151.14, a PE ratio of 25.21, a PEG ratio of 2.18 and a beta of 1.00. McGrath RentCorp has a 52-week low of $32.09 and a 52-week high of $50.69.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, January 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.17%. McGrath RentCorp’s dividend payout ratio is currently 54.74%.
In other news, Director William J. Dawson sold 4,000 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $47.83, for a total transaction of $191,320.00. Following the completion of the transaction, the director now directly owns 15,543 shares of the company’s stock, valued at $743,421.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.60% of the stock is owned by corporate insiders.
Several research analysts have recently weighed in on MGRC shares. Zacks Investment Research raised McGrath RentCorp from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research report on Friday, November 3rd. BidaskClub cut McGrath RentCorp from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Oppenheimer reaffirmed a “hold” rating on shares of McGrath RentCorp in a research report on Wednesday, November 1st. Finally, ValuEngine cut McGrath RentCorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
TRADEMARK VIOLATION NOTICE: This article was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/20/mcgrath-rentcorp-mgrc-set-to-announce-quarterly-earnings-on-tuesday.html.
McGrath RentCorp Company Profile
McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex).
Receive News & Ratings for McGrath RentCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McGrath RentCorp and related companies with MarketBeat.com's FREE daily email newsletter.