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NASDAQ:MGRC

McGrath RentCorp Stock Forecast, Price & News

$58.49
+0.25 (+0.43 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$57.79
Now: $58.49
$58.85
50-Day Range
$57.74
MA: $64.20
$69.05
52-Week Range
$44.32
Now: $58.49
$83.95
Volume47,802 shs
Average Volume127,979 shs
Market Capitalization$1.41 billion
P/E Ratio14.20
Dividend Yield2.88%
Beta1
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 liquid and solid containment tanks and boxes. The company operates in 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. McGrath RentCorp was founded in 1979 and is headquartered in Livermore, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.57 out of 5 stars


Industry, Sector and Symbol

Industry Equipment rental & leasing, not elsewhere classified
Sub-IndustryDiversified Support Services
SectorFinance
Current SymbolNASDAQ:MGRC
CUSIP58058910
Phone925-606-9200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$570.23 million
Cash Flow$7.25 per share
Book Value$26.11 per share

Profitability

Net Income$96.81 million

Miscellaneous

Employees1,099
Market Cap$1.41 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$58.49
+0.25 (+0.43 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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McGrath RentCorp (NASDAQ:MGRC) Frequently Asked Questions

How has McGrath RentCorp's stock price been impacted by Coronavirus?

McGrath RentCorp's stock was trading at $53.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MGRC shares have increased by 10.1% and is now trading at $58.49.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of McGrath RentCorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for McGrath RentCorp
.

When is McGrath RentCorp's next earnings date?

McGrath RentCorp is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for McGrath RentCorp
.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) issued its quarterly earnings data on Wednesday, July, 29th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.52. The financial services provider had revenue of $137.67 million for the quarter, compared to analysts' expectations of $113.50 million. McGrath RentCorp had a net margin of 17.28% and a return on equity of 16.05%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS.
View McGrath RentCorp's earnings history
.

How often does McGrath RentCorp pay dividends? What is the dividend yield for McGrath RentCorp?

McGrath RentCorp declared a quarterly dividend on Friday, September 18th. Investors of record on Friday, October 16th will be given a dividend of $0.42 per share on Friday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, October 15th.
View McGrath RentCorp's dividend history
.

What guidance has McGrath RentCorp issued on next quarter's earnings?

McGrath RentCorp updated its third quarter 2020 After-Hours earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $140-160 million, compared to the consensus revenue estimate of $153.34 million.

What price target have analysts set for MGRC?

2 analysts have issued twelve-month price targets for McGrath RentCorp's stock. Their forecasts range from $99.00 to $99.00. On average, they expect McGrath RentCorp's share price to reach $99.00 in the next year. This suggests a possible upside of 69.3% from the stock's current price.
View analysts' price targets for McGrath RentCorp
.

Are investors shorting McGrath RentCorp?

McGrath RentCorp saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 261,900 shares, a decline of 15.5% from the August 15th total of 309,800 shares. Based on an average daily trading volume, of 111,300 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.1% of the company's shares are short sold.
View McGrath RentCorp's Short Interest
.

Who are some of McGrath RentCorp's key competitors?

What other stocks do shareholders of McGrath RentCorp own?

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), AbbVie (ABBV), AT&T (T), S&P Global (SPGI), Cisco Systems (CSCO), Intel (INTC), NextEra Energy (NEE) and Fortinet (FTNT).

Who are McGrath RentCorp's key executives?

McGrath RentCorp's management team includes the following people:
  • Mr. Joseph F. Hanna, Pres, CEO & Director (Age 56)
  • Mr. Keith E. Pratt, Exec. VP & CFO (Age 56)
  • Mr. Philip B. Hawkins, VP & Division Mang. of Mobile Modular (Age 43)
  • Ms. Kristina Van Trease-Whitney, VP & Division Mang. of Adler Tank Rentals, LLC (Age 49)
  • Mr. John P. Skenesky, VP & Division Mang. of TRS-RenTelco (Age 52)

What is McGrath RentCorp's stock symbol?

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

Who are McGrath RentCorp's major shareholders?

McGrath RentCorp's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.34%), Silvercrest Asset Management Group LLC (2.21%), Charles Schwab Investment Management Inc. (1.20%), Nuveen Asset Management LLC (1.02%), Goldman Sachs Group Inc. (0.92%) and Bank of New York Mellon Corp (0.92%). Company insiders that own McGrath RentCorp stock include David M Whitney, Dennis P Stradford, Elizabeth A Fetter, John Lieffrig, John P Skenesky, Keith E Pratt, Philip B Hawkins, Ronald H Zech and Trease Kristina Van.
View institutional ownership trends for McGrath RentCorp
.

Which major investors are selling McGrath RentCorp stock?

MGRC stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Marshall Wace LLP, Assenagon Asset Management S.A., ProShare Advisors LLC, Bank of New York Mellon Corp, HCSF Management LLC, Goldman Sachs Group Inc., and AQR Capital Management LLC. Company insiders that have sold McGrath RentCorp company stock in the last year include David M Whitney, Elizabeth A Fetter, John P Skenesky, Keith E Pratt, Ronald H Zech, and Trease Kristina Van.
View insider buying and selling activity for McGrath RentCorp
.

Which major investors are buying McGrath RentCorp stock?

MGRC stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, RK Capital Management LLC, Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., Silvercrest Asset Management Group LLC, First Trust Advisors LP, SG Americas Securities LLC, and Euclidean Technologies Management LLC.
View insider buying and selling activity for McGrath RentCorp
.

How do I buy shares of 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.

What is McGrath RentCorp's stock price today?

One share of MGRC stock can currently be purchased for approximately $58.49.

How big of a company is McGrath RentCorp?

McGrath RentCorp has a market capitalization of $1.41 billion and generates $570.23 million in revenue each year. The financial services provider earns $96.81 million in net income (profit) each year or $3.93 on an earnings per share basis. McGrath RentCorp employs 1,099 workers across the globe.

What is McGrath RentCorp's official website?

The official website for McGrath RentCorp is www.mgrc.com.

How can I contact McGrath RentCorp?

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]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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