McGrath RentCorp - MGRC Stock Forecast, Price & News

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment and related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tanks segment rents fixed axle steel tanks for storing groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials; dewatering boxes for the separation of water contained in sludge and slurry; and roll-off and trash boxes for temporary storage and transportation of solid waste. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is headquartered in Livermore, California.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of McGrath RentCorp from a "hold" rating to a "buy" rating in a research report on Monday, July 25th.

McGrath RentCorp Stock Up 1.8 %

NASDAQ:MGRC opened at $87.76 on Friday. McGrath RentCorp has a 52 week low of $67.08 and a 52 week high of $91.37. The firm has a 50 day moving average of $79.13 and a 200 day moving average of $80.66. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 2.09 and a beta of 0.82.

McGrath RentCorp (NASDAQ:MGRC - Get Rating) last announced its earnings results on Thursday, July 28th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.28. McGrath RentCorp had a return on equity of 13.17% and a net margin of 14.39%. The firm had revenue of $177.00 million for the quarter, compared to analyst estimates of $166.69 million. During the same quarter last year, the firm posted $0.84 EPS. The business's revenue was up 20.9% on a year-over-year basis. As a group, analysts expect that McGrath RentCorp will post 4.12 EPS for the current year.

McGrath RentCorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were issued a $0.455 dividend. The ex-dividend date was Thursday, July 14th. This represents a $1.82 annualized dividend and a dividend yield of 2.07%. McGrath RentCorp's dividend payout ratio is presently 46.08%.

Insiders Place Their Bets

In related news, Director Elizabeth A. Fetter sold 1,400 shares of the firm's stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $82.15, for a total transaction of $115,010.00. Following the completion of the sale, the director now directly owns 5,100 shares in the company, valued at $418,965. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Dennis P. Stradford sold 1,000 shares of the business's stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $83.20, for a total value of $83,200.00. Following the sale, the director now directly owns 9,200 shares in the company, valued at approximately $765,440. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Elizabeth A. Fetter sold 1,400 shares of the company's stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $82.15, for a total transaction of $115,010.00. Following the completion of the transaction, the director now directly owns 5,100 shares in the company, valued at approximately $418,965. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.