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.

Analyst Ratings Changes

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

McGrath RentCorp Stock Performance

Shares of MGRC Stock traded up $0.03 on Thursday, hitting $87.76. 49,435 shares of the stock traded hands, compared to its average volume of 81,560. McGrath RentCorp has a twelve month low of $67.21 and a twelve month high of $91.37. The firm's 50-day moving average price is $79.49 and its two-hundred day moving average price is $80.92. The stock has a market capitalization of $2.14 billion, a PE ratio of 22.15, a PEG ratio of 2.16 and a beta of 0.82.

McGrath RentCorp (NASDAQ:MGRC - Get Rating) last issued its earnings results on Thursday, July 28th. The financial services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.28. McGrath RentCorp had a net margin of 14.39% and a return on equity of 13.17%. The company had revenue of $177.00 million for the quarter, compared to the consensus estimate of $166.69 million. During the same period in the previous year, the firm earned $0.84 earnings per share. McGrath RentCorp's quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts anticipate that McGrath RentCorp will post 4.12 EPS for the current fiscal year.

McGrath RentCorp Announces Dividend

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

Insiders Place Their Bets

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