McGrath RentCorp (MGRC) Set to Announce Earnings on Wednesday
McGrath RentCorp (NASDAQ:MGRC) will be posting its quarterly earnings results on Wednesday, April 30th. McGrath RentCorp has set its FY14 guidance at $1.70-1.85 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
McGrath RentCorp (NASDAQ:MGRC) last released its earnings data on Thursday, February 27th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.04. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $100.55 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. On average, analysts expect McGrath RentCorp to post $1.76 EPS for the current fiscal year and $1.96 EPS for the next fiscal year.
McGrath RentCorp (NASDAQ:MGRC) opened at 31.54 on Tuesday. McGrath RentCorp has a one year low of $28.71 and a one year high of $40.10. The stock’s 50-day moving average is $33.63 and its 200-day moving average is $36.08. The company has a market cap of $812.4 million and a price-to-earnings ratio of 19.09.
On a related note, analysts at Zacks downgraded shares of McGrath RentCorp from a “neutral” rating to an “underperform” rating in a research note on Monday, March 3rd. They now have a $30.80 price target on the stock.
McGrath RentCorp (NASDAQ:MGRC) is a diversified business to business rental company.
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