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

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

McGrath RentCorp declared a quarterly dividend on Friday, December 6th. Stockholders 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 dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, December 16th. View McGrath RentCorp's Dividend History.

McGrath RentCorp (NASDAQ:MGRC) announced its quarterly earnings results on Tuesday, February, 25th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.13. The financial services provider had revenue of $147.22 million for the quarter, compared to the consensus estimate of $137.79 million. McGrath RentCorp had a net margin of 17.02% and a return on equity of 16.03%. The firm's quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. View McGrath RentCorp's Earnings History.

McGrath RentCorp is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for McGrath RentCorp.

McGrath RentCorp updated 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.

1 brokerages have issued 1 year price targets for McGrath RentCorp's stock. Their forecasts range from $99.00 to $99.00. On average, they anticipate McGrath RentCorp's share price to reach $99.00 in the next twelve months. This suggests a possible upside of 37.7% 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 headlines about MGRC stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. McGrath RentCorp earned a news impact score of 2.0 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for McGrath RentCorp.

McGrath RentCorp saw a increase in short interest in the month of February. As of February 14th, there was short interest totalling 325,500 shares, an increase of 18.0% from the January 30th total of 275,900 shares. Based on an average daily trading volume, of 118,200 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.5% of the company's shares 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 a number 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 bought 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 $71.92.

McGrath RentCorp has a market capitalization of $1.75 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]