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 1.92%. The ex-dividend date is Monday, December 16th. View McGrath RentCorp's Dividend History.

McGrath RentCorp (NASDAQ:MGRC) released its quarterly earnings results on Tuesday, October, 29th. The financial services provider reported $1.32 earnings per share for the quarter, beating the Zacks' consensus estimate 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%. McGrath RentCorp's quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. 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 Wall Street analysts have issued 12 month target prices for McGrath RentCorp's shares. Their forecasts range from $86.00 to $86.00. On average, they anticipate McGrath RentCorp's share price to reach $86.00 in the next year. This suggests a possible upside of 10.3% 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.

Media headlines about MGRC stock have been trending very negative on Sunday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, 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 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for McGrath RentCorp.

McGrath RentCorp saw a decrease in short interest in the month of December. As of December 13th, there was short interest totalling 360,000 shares, a decrease of 8.8% from the November 28th total of 394,700 shares. Based on an average daily volume of 119,200 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.5% 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), NextEra Energy (NEE), Lululemon Athletica (LULU), NVIDIA (NVDA), S&P Global (SPGI), Verizon Communications (VZ), Arch Capital Group (ACGL), Adobe (ADBE), Cisco Systems (CSCO) and Fortinet (FTNT).

McGrath RentCorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.69%), BW Gestao de Investimentos Ltda. (0.05%), Mirador Capital Partners LP (0.03%) and Nisa Investment Advisors LLC (0.01%). 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 BW Gestao de Investimentos Ltda.. 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 purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Nisa Investment Advisors LLC and Mirador Capital Partners LP. 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 $77.94.

McGrath RentCorp has a market capitalization of $1.89 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]