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McGrath RentCorp (NASDAQ:MGRC - Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, July 28th. Analysts expect the company to announce earnings of $0.79 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 - Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.20. The firm had revenue of $145.37 million for the quarter, compared to analysts' expectations of $146.41 million. McGrath RentCorp had a return on equity of 12.65% and a net margin of 14.21%. The firm's revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the business posted $0.71 earnings per share. On average, analysts expect McGrath RentCorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year. McGrath RentCorp Stock Performance

MGRC stock opened at $78.82 on Thursday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.87 and a beta of 0.80. McGrath RentCorp has a 1 year low of $67.08 and a 1 year high of $91.37. The stock's fifty day moving average is $78.55 and its two-hundred day moving average is $80.09. McGrath RentCorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, July 14th. McGrath RentCorp's dividend payout ratio (DPR) is 48.92%. Insiders Place Their Bets

In other news, Director Dennis P. Stradford sold 1,000 shares of McGrath RentCorp stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $83.20, for a total transaction of $83,200.00. Following the completion of the sale, the director now directly owns 9,200 shares in the company, valued at approximately $765,440. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Elizabeth A. Fetter sold 1,400 shares of the business's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $82.15, for a total transaction of $115,010.00. Following the sale, the director now directly owns 5,100 shares in the company, valued at $418,965. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dennis P. Stradford sold 1,000 shares of the business's stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $83.20, for a total value of $83,200.00. Following the completion of the sale, the director now directly owns 9,200 shares in the company, valued at approximately $765,440. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,400 shares of company stock worth $361,690. 2.00% of the stock is currently owned by company insiders. Hedge Funds Weigh In On McGrath RentCorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates acquired a new position in shares of McGrath RentCorp during the first quarter valued at $4,262,000. PNC Financial Services Group Inc. acquired a new position in shares of McGrath RentCorp during the first quarter worth about $168,000. MetLife Investment Management LLC boosted its position in shares of McGrath RentCorp by 59.7% during the first quarter. MetLife Investment Management LLC now owns 12,823 shares of the financial services provider's stock worth $1,090,000 after buying an additional 4,793 shares during the period. Sei Investments Co. boosted its position in McGrath RentCorp by 9.2% during the first quarter. Sei Investments Co. now owns 4,685 shares of the financial services provider's stock valued at $398,000 after purchasing an additional 396 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in McGrath RentCorp during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.27% of the company's stock. Analysts Set New Price Targets

Separately, StockNews.com lowered McGrath RentCorp from a "buy" rating to a "hold" rating in a report on Sunday.About McGrath RentCorp (Get Rating)

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, electronic test equipment and related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex.Read MoreGet a free copy of the StockNews.com research report on McGrath RentCorp (MGRC)These 3 Mega Caps are Bear Market BuysHow Low Can DocuSign Stock Go?The Top-Rated Consumer Defensive Stocks With Yield Above 3.5% Need Yield? Energy Transfer LP Has It And More JB Hunt's Results Beat Forecasts As Transport Industry Continues To Enjoy Strong Results.

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