McGrath RentCorp (MGRC) Expected to Announce Quarterly Earnings on Wednesday

McGrath RentCorp (NASDAQ:MGRC) is anticipated to announce its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect the company to announce earnings of $1.46 per share and revenue of $236.5150 million for the quarter. Individuals may review the information on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 5:00 PM ET.

McGrath RentCorp (NASDAQ:MGRC) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.03). The business had revenue of $198.54 million for the quarter, compared to analysts’ expectations of $198.19 million. McGrath RentCorp had a return on equity of 12.84% and a net margin of 16.38%. On average, analysts expect McGrath RentCorp to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

McGrath RentCorp Stock Up 0.2%

Shares of NASDAQ MGRC opened at $120.00 on Tuesday. The business’s 50 day moving average is $115.11 and its two-hundred day moving average is $113.20. McGrath RentCorp has a 52-week low of $94.99 and a 52-week high of $128.41. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.22 and a beta of 0.43.

McGrath RentCorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.98 annualized dividend and a yield of 1.7%. McGrath RentCorp’s dividend payout ratio is presently 31.43%.

Insider Activity

In related news, CAO David M. Whitney sold 3,783 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $113.65, for a total value of $429,937.95. Following the completion of the sale, the chief accounting officer owned 6,533 shares of the company’s stock, valued at $742,475.45. This represents a 36.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph F. Hanna sold 7,500 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $120.64, for a total transaction of $904,800.00. Following the completion of the transaction, the director owned 151,549 shares of the company’s stock, valued at $18,282,871.36. This represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,051 shares of company stock worth $3,486,240 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of McGrath RentCorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in shares of McGrath RentCorp by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 900,181 shares of the financial services provider’s stock worth $94,456,000 after buying an additional 6,552 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of McGrath RentCorp by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 859,503 shares of the financial services provider’s stock valued at $90,190,000 after acquiring an additional 19,652 shares during the last quarter. Channing Capital Management LLC boosted its holdings in shares of McGrath RentCorp by 39.1% in the 4th quarter. Channing Capital Management LLC now owns 836,894 shares of the financial services provider’s stock worth $87,815,000 after acquiring an additional 235,311 shares in the last quarter. State Street Corp boosted its holdings in shares of McGrath RentCorp by 3.6% in the 2nd quarter. State Street Corp now owns 597,972 shares of the financial services provider’s stock worth $69,341,000 after acquiring an additional 20,609 shares in the last quarter. Finally, Morgan Stanley grew its position in McGrath RentCorp by 8.8% during the 4th quarter. Morgan Stanley now owns 512,617 shares of the financial services provider’s stock worth $53,789,000 after acquiring an additional 41,533 shares during the last quarter. 92.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded McGrath RentCorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, McGrath RentCorp presently has a consensus rating of “Moderate Buy” and an average price target of $141.50.

About McGrath RentCorp

McGrath RentCorp, through its subsidiaries, provides rental, sales, and servicing of equipment for commercial, industrial, environmental, and residential markets. The company operates primarily through two segments—mobile storage and water management—offering flexible solutions for customers requiring on-site storage, water transport, treatment, and dewatering services.

In its mobile storage segment, McGrath RentCorp supplies portable storage containers and modular office units to sectors including construction, retail, government, and disaster restoration.