McGrath RentCorp stock gained 1.21 percent before Q3 results

Published on 10/07/2026 at 05:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

McGrath RentCorp stock was last at USD 117.98 on October 6, while its 52-week range ran from USD 94.99 to USD 125.83. Q2 revenue fell 6 percent to USD 221.1 million, with results due October 28.

MGRC, US5805891091, Illustration mit AI erstellt.

McGrath RentCorp (ISIN US5805891091) was last at USD 117.98 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, up 1.21 percent from the prior session. The company has scheduled its third-quarter 2026 results for October 28, 2026, giving the stock a clear near-term reporting date.

October 28 brings the next report

McGrath RentCorp lists the third-quarter release after regular trading on October 28, 2026, followed by a conference call at 5:00 p.m. ET. The quarter ended September 30, 2026, so the report will update the picture after a second quarter marked by weaker equipment sales and project timing.

The latest reported quarter produced USD 221.1 million in revenue, down 6 percent from Q2 2025. Net income was USD 33.7 million, or USD 1.37 in diluted earnings per share, compared with USD 1.46 a year earlier, while adjusted EBITDA declined 4 percent to USD 82.8 million, according to TMX Money in its Q2 2026 coverage.

Rental growth offsets sales pressure

Q2 rental operations revenue increased 6 percent to USD 172.5 million, while sales revenue fell 34 percent to USD 46.4 million. That split matters for the October report because recurring rental activity improved even as equipment sales and Enviroplex project timing weighed on total revenue.

Management maintained its full-year guidance and raised gross rental equipment capital spending to USD 200 million-USD 220 million, according to the same Q2 2026 report from TMX Money. The October release will show whether higher rental utilization can offset the sales decline.

Consensus target stays above USD 140

MarketBeat reported on October 2, 2026, that three analysts held a consensus Hold rating and an average price target of USD 140.00. That target lies 18.7 percent above the October 6 price of USD 117.98, while the same report cited a Q2 adjusted EPS miss against USD 1.47 consensus.

MarketBeat also reported that director Joseph Hanna sold 7,500 shares on October 1, 2026, at an average price of USD 115.04 under a pre-arranged Rule 10b5-1 plan. The transaction adds an insider-activity counterpoint to the upcoming earnings catalyst without changing the scheduled reporting date.

MGRC stock remains below its yearly high

McGrath RentCorp stock was last at USD 117.98 on Nasdaq on October 6, 2026, with a market capitalization of USD 2.9 billion and trading volume of 111,173 shares. The 52-week range was USD 94.99 to USD 125.83, placing the price USD 7.85 below the high.