McGrath RentCorp (NASDAQ:MGRC – Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.20, Briefing.com reports. The firm had revenue of $187.80 million during the quarter, compared to analysts’ expectations of $145.63 million. McGrath RentCorp had a return on equity of 13.63% and a net margin of 20.99%. McGrath RentCorp’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share.
McGrath RentCorp Price Performance
MGRC stock traded up $1.88 during midday trading on Friday, reaching $111.18. 94,622 shares of the company’s stock traded hands, compared to its average volume of 313,259. McGrath RentCorp has a fifty-two week low of $86.26 and a fifty-two week high of $130.86. The business has a 50-day moving average price of $120.04 and a two-hundred day moving average price of $113.27. The company has a market capitalization of $2.73 billion, a P/E ratio of 15.61, a PEG ratio of 1.54 and a beta of 0.80.
McGrath RentCorp Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, April 15th. This is an increase from McGrath RentCorp’s previous quarterly dividend of $0.47. McGrath RentCorp’s dividend payout ratio is 26.69%.
Analyst Ratings Changes
Check Out Our Latest Research Report on MGRC
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.
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