McGrath RentCorp (MGRC) Projected to Release Earnings on Wednesday

McGrath RentCorp (NASDAQ:MGRC) is expected to be releasing its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $1.89 per share and revenue of $273.25 million for the quarter. Parties may visit the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 5:00 PM ET.

McGrath RentCorp (NASDAQ:MGRC) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.10). The company had revenue of $221.11 million for the quarter, compared to analysts’ expectations of $236.51 million. McGrath RentCorp had a net margin of 16.38% and a return on equity of 12.44%. On average, analysts expect McGrath RentCorp to post $6.37 EPS for the current fiscal year and $7.04 EPS for the next fiscal year.

McGrath RentCorp Stock Performance

McGrath RentCorp stock opened at $118.51 on Tuesday. McGrath RentCorp has a twelve month low of $94.99 and a twelve month high of $125.83. The firm has a market cap of $2.90 billion, a PE ratio of 18.87, a P/E/G ratio of 1.19 and a beta of 0.47. The firm’s 50 day moving average price is $113.79 and its two-hundred day moving average price is $113.71.

McGrath RentCorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.4950 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.7%. McGrath RentCorp’s dividend payout ratio (DPR) is 31.88%.

Insider Transactions at McGrath RentCorp

In related news, CEO Philip Hawkins sold 4,435 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $120.91, for a total value of $536,235.85. Following the completion of the sale, the chief executive officer owned 13,371 shares of the company’s stock, valued at approximately $1,616,687.61. The trade was a 24.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph F. Hanna sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $115.04, for a total value of $862,800.00. Following the completion of the sale, the director directly owned 144,049 shares of the company’s stock, valued at approximately $16,571,396.96. The trade was a 4.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,935 shares of company stock valued at $1,639,856 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of McGrath RentCorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $140.00.

About McGrath RentCorp

McGrath RentCorp was a business-to-business rental company that provided modular buildings, portable storage, electronic test equipment and related products. Its modular building offerings served customers needing temporary or permanent space, including classrooms, offices, healthcare facilities and other commercial or institutional applications.

Through brands such as Mobile Modular, the company rented relocatable buildings and portable storage units, while its TRS-RenTelco business provided electronic test and measurement equipment to telecommunications, electronics, aerospace, defense and other industrial customers.