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

$53.78
+2.62 (+5.12 %)
(As of 03/30/2020 04:00 PM ET)
Today's Range
$51.16
Now: $53.78
$54.35
50-Day Range
$46.58
MA: $67.14
$83.13
52-Week Range
$44.32
Now: $53.78
$83.95
Volume118,813 shs
Average Volume145,889 shs
Market Capitalization$1.31 billion
P/E Ratio13.68
Dividend Yield2.93%
Beta0.77
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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McGrath RentCorp logo

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$8.06 per share
Book Value$26.11 per share

Profitability

Net Income$96.81 million

Miscellaneous

Employees1,099
Market Cap$1.31 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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McGrath RentCorp (NASDAQ:MGRC) Frequently Asked Questions

How has McGrath RentCorp's stock been impacted by COVID-19 (Coronavirus)?

McGrath RentCorp's stock was trading at $53.12 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MGRC stock has increased by 1.2% and is now trading at $53.78. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is McGrath RentCorp's next earnings date?

McGrath RentCorp is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for McGrath RentCorp.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) posted its quarterly earnings data on Tuesday, February, 25th. The financial services provider reported $1.07 EPS 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 the consensus estimate of $137.79 million. McGrath RentCorp had a return on equity of 15.98% and a net margin of 16.98%. The business's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. View McGrath RentCorp's earnings history.

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

McGrath RentCorp announced a quarterly dividend on Tuesday, February 25th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.42 per share on Thursday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, April 14th. This is an increase from McGrath RentCorp's previous quarterly dividend of $0.38. View McGrath RentCorp's dividend history.

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

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

What price target have analysts set for MGRC?

1 brokers have issued 1 year price targets for McGrath RentCorp's stock. 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 84.1% from the stock's current price. View analysts' price targets for McGrath RentCorp.

Has McGrath RentCorp been receiving favorable news coverage?

Media headlines about MGRC stock have been trending negative on Monday, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by monitoring 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 -2.4 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutMcGrath RentCorp.

Are investors shorting McGrath RentCorp?

McGrath RentCorp saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 305,200 shares, an increase of 43.4% from the February 27th total of 212,900 shares. Based on an average daily volume of 150,400 shares, the short-interest ratio is currently 2.0 days. Currently, 1.3% of the shares of the stock are short sold. View McGrath RentCorp's Current Options Chain.

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), Lululemon Athletica (LULU), NextEra Energy (NEE), S&P Global (SPGI), Fortinet (FTNT), Boeing (BA), AT&T (T) and Copart (CPRT).

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 variety of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (4.43%), Franklin Resources Inc. (4.44%), State Street Corp (2.26%), Renaissance Technologies LLC (1.66%), Norges Bank (1.49%) and Geode Capital Management LLC (1.40%). 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.

Which institutional investors are selling McGrath RentCorp stock?

MGRC stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Franklin Resources Inc., Renaissance Technologies LLC, SG Capital Management LLC, Gabelli Funds LLC, Martingale Asset Management L P, Bank of New York Mellon Corp, and AQR Capital Management 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 activity for McGrath RentCorp.

Which institutional investors are buying McGrath RentCorp stock?

MGRC stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, 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, and Clark Capital Management Group Inc.. 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 $53.78.

How big of a company is McGrath RentCorp?

McGrath RentCorp has a market capitalization of $1.31 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. View additional information about McGrath RentCorp.

What is McGrath RentCorp's official website?

The official website for McGrath RentCorp is http://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]


MarketBeat Community Rating for McGrath RentCorp (NASDAQ MGRC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  229 (Vote Outperform)
Underperform Votes:  265 (Vote Underperform)
Total Votes:  494
MarketBeat's community ratings are surveys of what our community members think about McGrath RentCorp and other stocks. Vote "Outperform" if you believe MGRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGRC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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