NASDAQ:MGRC - McGrath RentCorp Stock Price, Forecast & News

McGrath RentCorp trades on the NASDAQ under the ticker symbol "MGRC."

McGrath RentCorp declared a quarterly dividend on Friday, December 6th. Investors of record on Tuesday, December 17th will be paid a dividend of $0.375 per share on Friday, January 31st. This represents a $1.50 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Monday, December 16th. View McGrath RentCorp's Dividend History.

McGrath RentCorp (NASDAQ:MGRC) released its earnings results on Tuesday, October, 29th. The financial services provider reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.30. The financial services provider earned $173.60 million during the quarter, compared to analysts' expectations of $150.77 million. McGrath RentCorp had a net margin of 17.02% and a return on equity of 16.03%. The firm's quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. View McGrath RentCorp's Earnings History.

McGrath RentCorp is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for McGrath RentCorp.

McGrath RentCorp will be holding an earnings conference call on Tuesday, February 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

1 analysts have issued 1 year price targets for McGrath RentCorp's shares. Their forecasts range from $99.00 to $99.00. On average, they expect McGrath RentCorp's stock price to reach $99.00 in the next year. This suggests a possible upside of 21.5% from the stock's current price. View Analyst Price Targets for McGrath RentCorp.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for McGrath RentCorp.

News articles about MGRC stock have trended somewhat positive on Monday, according to InfoTrie. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. McGrath RentCorp earned a daily sentiment score of 1.8 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for McGrath RentCorp.

McGrath RentCorp saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 275,900 shares, a decline of 19.7% from the January 15th total of 343,500 shares. Based on an average daily trading volume, of 126,600 shares, the short-interest ratio is presently 2.2 days. Currently, 1.2% of the shares of the company are short sold. View McGrath RentCorp's Current Options Chain.

Some companies that are related to McGrath RentCorp include Cintas (CTAS), Copart (CPRT), Iron Mountain (IRM), UniFirst (UNF), KAR Auction Services (KAR), Healthcare Services Group (HCSG), Mobile Mini (MINI), Viad (VVI) and Performant Financial (PFMT).

Based on aggregate information from My MarketBeat watchlists, some companies that other McGrath RentCorp investors own include Home Depot (HD), NVIDIA (NVDA), NextEra Energy (NEE), Verizon Communications (VZ), Lululemon Athletica (LULU), Boeing (BA), Fortinet (FTNT), AbbVie (ABBV), S&P Global (SPGI) and Zoetis (ZTS).

McGrath RentCorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Franklin Resources Inc. (4.44%), State Street Corp (2.26%), Renaissance Technologies LLC (1.66%), Loomis Sayles & Co. L P (1.26%), SG Capital Management LLC (1.19%) and Goldman Sachs Group Inc. (1.11%). Company insiders that own McGrath RentCorp stock include David M Whitney, Dennis P Stradford, Elizabeth A Fetter, John Lieffrig, John P Skenesky, Kay Dashner, Keith E Pratt, Philip B Hawkins, Ronald H Zech, Trease Kristina Van and William J Dawson. View Institutional Ownership Trends for McGrath RentCorp.

MGRC stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Renaissance Technologies LLC, SG Capital Management LLC, Gabelli Funds LLC, Martingale Asset Management L P, Bank of New York Mellon Corp, AQR Capital Management LLC and Chicago Equity Partners LLC. Company insiders that have sold McGrath RentCorp company stock in the last year include David M Whitney, Dennis P Stradford, Elizabeth A Fetter, John P Skenesky, Keith E Pratt, Philip B Hawkins, Ronald H Zech and Trease Kristina Van. View Insider Buying and Selling for McGrath RentCorp.

MGRC stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Loomis Sayles & Co. L P, Panagora Asset Management Inc., California Public Employees Retirement System, Goldman Sachs Group Inc., Clark Capital Management Group Inc., Victory Capital Management Inc. and Knights of Columbus Asset Advisors LLC. View Insider Buying and Selling for McGrath RentCorp.

Shares of MGRC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MGRC stock can currently be purchased for approximately $81.49.

McGrath RentCorp has a market capitalization of $1.98 billion and generates $498.33 million in revenue each year. The financial services provider earns $79.41 million in net income (profit) each year or $3.13 on an earnings per share basis. McGrath RentCorp employs 1,066 workers across the globe.View Additional Information About McGrath RentCorp.

The official website for McGrath RentCorp is http://www.mgrc.com/.

McGrath RentCorp's mailing address is 5700 LAS POSITAS RD, LIVERMORE CA, 94551. The financial services provider can be reached via phone at 925-606-9200 or via email at [email protected]