Q1 EPS Forecast for McGrath RentCorp Increased by Analyst

McGrath RentCorp (NASDAQ:MGRC) – Investment analysts at Sidoti upped their Q1 2026 earnings per share estimates for shares of McGrath RentCorp in a report released on Friday, February 27th. Sidoti analyst M. Riddick now forecasts that the financial services provider will post earnings of $1.23 per share for the quarter, up from their previous estimate of $1.10. The consensus estimate for McGrath RentCorp’s current full-year earnings is $6.18 per share. Sidoti also issued estimates for McGrath RentCorp’s Q2 2026 earnings at $1.63 EPS, Q3 2026 earnings at $1.79 EPS, Q4 2026 earnings at $1.94 EPS, FY2026 earnings at $6.58 EPS, Q1 2027 earnings at $1.18 EPS, Q2 2027 earnings at $1.81 EPS, Q3 2027 earnings at $1.97 EPS and Q4 2027 earnings at $2.12 EPS.

A number of other brokerages also recently commented on MGRC. Weiss Ratings reiterated a “hold (c+)” rating on shares of McGrath RentCorp in a research report on Tuesday, January 27th. Zacks Research raised shares of McGrath RentCorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 15th. Finally, Barclays began coverage on McGrath RentCorp in a report on Wednesday, February 11th. They set an “overweight” rating and a $140.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $141.50.

McGrath RentCorp Price Performance

NASDAQ MGRC opened at $110.95 on Monday. The company’s fifty day moving average is $112.12 and its two-hundred day moving average is $112.91. McGrath RentCorp has a 52-week low of $94.99 and a 52-week high of $128.41. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.10 and a beta of 0.50.

McGrath RentCorp (NASDAQ:MGRC) last released its earnings results on Wednesday, February 25th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.28. McGrath RentCorp had a return on equity of 13.21% and a net margin of 16.55%.The firm had revenue of $256.76 million for the quarter, compared to analyst estimates of $254.32 million.

McGrath RentCorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, April 16th. This is a positive change from McGrath RentCorp’s previous quarterly dividend of $0.49. McGrath RentCorp’s payout ratio is 30.55%.

Insider Activity

In other news, SVP Gilda Malek sold 829 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $107.29, for a total value of $88,943.41. Following the completion of the transaction, the senior vice president owned 4,068 shares of the company’s stock, valued at $436,455.72. The trade was a 16.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On McGrath RentCorp

Several institutional investors and hedge funds have recently modified their holdings of MGRC. Envestnet Asset Management Inc. grew its position in shares of McGrath RentCorp by 112.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 44,953 shares of the financial services provider’s stock valued at $5,273,000 after acquiring an additional 23,817 shares during the period. Oliver Luxxe Assets LLC bought a new position in shares of McGrath RentCorp in the third quarter valued at about $1,456,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of McGrath RentCorp during the 3rd quarter worth about $6,866,000. Channing Capital Management LLC grew its position in shares of McGrath RentCorp by 19.8% in the third quarter. Channing Capital Management LLC now owns 601,583 shares of the financial services provider’s stock valued at $70,566,000 after purchasing an additional 99,626 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in McGrath RentCorp by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 610,231 shares of the financial services provider’s stock worth $70,771,000 after buying an additional 11,784 shares during the period. 92.05% of the stock is currently owned by institutional investors and hedge funds.

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.