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NASDAQ:MGRCMcGrath RentCorp Stock Price, Forecast & News

$52.91
-0.04 (-0.08 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$52.67
Now: $52.91
$54.78
50-Day Range
$47.54
MA: $54.63
$60.63
52-Week Range
$44.32
Now: $52.91
$83.95
Volume75,400 shs
Average Volume137,245 shs
Market Capitalization$1.28 billion
P/E Ratio13.26
Dividend Yield3.18%
Beta0.9
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: 3.3Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.52 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$7.67 per share
Book Value$26.11 per share

Profitability

Net Income$96.81 million

Miscellaneous

Employees1,099
Market Cap$1.28 billion
Next Earnings Date7/29/2020 (Confirmed)
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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MGRC stock has decreased by 0.4% and is now trading at $52.91. View which stocks have been most impacted by Coronavirus.

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 1 hold rating and 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 Wednesday, July 29th 2020. View our earnings forecast for McGrath RentCorp.

How can I listen to McGrath RentCorp's earnings call?

McGrath RentCorp will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) announced its quarterly earnings results on Wednesday, April, 29th. The financial services provider reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The financial services provider earned $129.50 million during the quarter, compared to the consensus estimate of $126.08 million. McGrath RentCorp had a return on equity of 15.89% and a net margin of 17.05%. The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 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 Wednesday, June 3rd. Investors of record on Friday, July 17th will be given a dividend of $0.42 per share on Friday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, July 16th. View McGrath RentCorp's dividend history.

What price target have analysts set for MGRC?

2 analysts 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 share price to reach $99.00 in the next year. This suggests a possible upside of 87.1% from the stock's current price. View analysts' price targets for McGrath RentCorp.

Has McGrath RentCorp been receiving favorable news coverage?

News coverage about MGRC stock has been trending somewhat negative this week, InfoTrie reports. InfoTrie ranks the sentiment of press 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 negative five to five, with scores nearest to five being the most favorable. McGrath RentCorp earned a daily sentiment score of -1.3 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about McGrath RentCorp.

Are investors shorting McGrath RentCorp?

McGrath RentCorp saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 166,700 shares, a drop of 5.3% from the May 31st total of 176,100 shares. Based on an average trading volume of 151,300 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.7% of the company's 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), S&P Global (SPGI), NextEra Energy (NEE), Boeing (BA), Fortinet (FTNT), Intel (INTC), Lululemon Athletica (LULU) and Alibaba Group (BABA).

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."

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 $52.91.

How big of a company is McGrath RentCorp?

McGrath RentCorp has a market capitalization of $1.28 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 7/3/2020 by MarketBeat.com Staff

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