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

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.

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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).

Earnings History for McGrath RentCorp (NASDAQ:MGRC)

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