Q2 Earnings Estimate for McGrath RentCorp Issued By Sidoti

McGrath RentCorp (NASDAQ:MGRC) – Analysts at Sidoti cut their Q2 2026 earnings estimates for shares of McGrath RentCorp in a note issued to investors on Thursday, April 30th. Sidoti analyst M. Riddick now forecasts that the financial services provider will post earnings of $1.48 per share for the quarter, down from their previous forecast of $1.63. The consensus estimate for McGrath RentCorp’s current full-year earnings is $6.52 per share. Sidoti also issued estimates for McGrath RentCorp’s FY2026 earnings at $6.29 EPS.

McGrath RentCorp (NASDAQ:MGRC) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). McGrath RentCorp had a return on equity of 12.94% and a net margin of 16.38%.The business had revenue of $198.54 million for the quarter, compared to analyst estimates of $198.19 million.

A number of other analysts have also commented on MGRC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of McGrath RentCorp in a report on Friday, April 24th. Barclays started coverage on shares of McGrath RentCorp in a report on Wednesday, February 11th. They set an “overweight” rating and a $140.00 target price for the company. Finally, Zacks Research raised shares of McGrath RentCorp from a “strong sell” rating to a “hold” rating in a report on Thursday, January 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, McGrath RentCorp has a consensus rating of “Moderate Buy” and an average price target of $141.50.

McGrath RentCorp Stock Performance

MGRC opened at $110.55 on Friday. The company has a fifty day moving average price of $110.81 and a two-hundred day moving average price of $109.96. 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 $2.72 billion, a PE ratio of 17.55, a P/E/G ratio of 1.18 and a beta of 0.49.

Hedge Funds Weigh In On McGrath RentCorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings 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 buying an additional 23,817 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in McGrath RentCorp in the 3rd quarter worth $6,866,000. Oliver Luxxe Assets LLC acquired a new position in McGrath RentCorp in the 3rd quarter worth $1,456,000. Channing Capital Management LLC boosted its stake in McGrath RentCorp by 19.8% in the 3rd quarter. Channing Capital Management LLC now owns 601,583 shares of the financial services provider’s stock worth $70,566,000 after purchasing an additional 99,626 shares during the period. Finally, Ranger Investment Management L.P. acquired a new position in McGrath RentCorp in the 3rd quarter worth $2,970,000. Institutional investors and hedge funds own 92.05% of the company’s stock.

McGrath RentCorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a $0.495 dividend. This is a positive change from McGrath RentCorp’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.98 annualized dividend and a dividend yield of 1.8%. McGrath RentCorp’s dividend payout ratio (DPR) is presently 31.18%.

McGrath RentCorp News Roundup

Here are the key news stories impacting McGrath RentCorp this week:

• Positive Sentiment: Q1 revenue rose 2% year‑over‑year to $198.5M, showing continued top‑line growth despite a tougher demand environment. McGrath Announces Results for First Quarter 2026
• Positive Sentiment: Leadership change: coverage noted the new CEO taking the helm, which could bring strategic shifts and operational improvements over time. Investors may view this as a potential catalyst. McGrath RentCorp earnings in focus as new CEO takes the helm
• Neutral Sentiment: Full Q1 materials (slide deck and call transcript) are available for investors to dig into segment performance and management detail. Use these to assess whether missed metrics are one‑time or structural. McGrath RentCorp (MGRC) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Q1 EPS of $1.10 missed consensus ($1.13) and declined vs. prior year; revenue of $198.5M materially missed the ~$239M street estimate — the revenue shortfall is the biggest immediate driver of downside. McGrath (MGRC) Q1 Earnings Lag Estimates
• Negative Sentiment: The company set FY2026 revenue guidance of $945M–$995M versus consensus of ~$967.7M — the range’s midpoint and lower bound leave upside limited and imply caution about end‑market demand. (Company guidance update and press release.) Press Release / Slide Deck
• Negative Sentiment: Management warned of margin pressure — balancing growth with margin headwinds was emphasized on the call, which pressures near‑term profitability until cost or pricing dynamics improve. McGrath RentCorp Balances Growth With Margin Headwinds

McGrath RentCorp Company Profile

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.