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. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.375 per share on Friday, January 31st. This represents a $1.50 dividend on an annualized basis and a yield of 2.02%. 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, February, 25th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.13. The financial services provider earned $147.22 million during the quarter, compared to analysts' expectations of $137.79 million. McGrath RentCorp had a return on equity of 16.03% and a net margin of 17.02%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. View McGrath RentCorp's Earnings History.

McGrath RentCorp is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for McGrath RentCorp.

McGrath RentCorp issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, February, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $575-595 million, compared to the consensus revenue estimate of $584.28 million.

1 brokers have issued 1-year 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 twelve months. This suggests a possible upside of 33.3% 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.

News stories about MGRC stock have trended positive recently, according to InfoTrie Sentiment. The research group 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 -5 to 5, with scores closest to five being the most favorable. McGrath RentCorp earned a news sentiment score of 2.7 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for McGrath RentCorp.

McGrath RentCorp saw a decrease in short interest in January. As of January 31st, there was short interest totalling 275,900 shares, a decrease of 19.7% from the January 15th total of 343,500 shares. Based on an average trading volume of 126,600 shares, the short-interest ratio is currently 2.2 days. Currently, 1.2% of the company's stock 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), 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 a variety of of institutional and retail 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 $74.25.

McGrath RentCorp has a market capitalization of $1.80 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]