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

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

McGrath RentCorp announced a quarterly dividend on Friday, December 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Monday, December 16th. View McGrath RentCorp's Dividend History.

McGrath RentCorp (NASDAQ:MGRC) posted 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 had revenue of $173.60 million for 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 revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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.

1 brokerages have issued 12 month price objectives for McGrath RentCorp's shares. Their forecasts range from $99.00 to $99.00. On average, they anticipate McGrath RentCorp's stock price to reach $99.00 in the next year. This suggests a possible upside of 29.4% 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.

Press coverage about MGRC stock has been trending very negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. McGrath RentCorp earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect 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 during 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 volume of 126,600 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.2% of the shares of the company are sold short. 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), Verizon Communications (VZ), NextEra Energy (NEE), Lululemon Athletica (LULU), Fortinet (FTNT), AbbVie (ABBV), Boeing (BA), 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%), Geode Capital Management LLC (1.40%), Loomis Sayles & Co. L P (1.26%) and SG Capital Management LLC (1.19%). 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 Walthausen & Co. 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., Algert Global LLC, Clark Capital Management Group Inc. and Victory Capital Management Inc.. 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 $76.48.

McGrath RentCorp has a market capitalization of $1.86 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]