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NASDAQ:MGRCMcGrath RentCorp Stock Price, Forecast & News

$60.63
+1.77 (+3.01 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$60.38
Now: $60.63
$61.53
50-Day Range
$47.54
MA: $53.10
$60.28
52-Week Range
$44.32
Now: $60.63
$83.95
Volume86,386 shs
Average Volume116,743 shs
Market Capitalization$1.46 billion
P/E Ratio15.20
Dividend Yield2.85%
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: 5.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.69 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$7.90 per share
Book Value$26.11 per share

Profitability

Net Income$96.81 million

Miscellaneous

Employees1,099
Market Cap$1.46 billion
Next Earnings Date8/4/2020 (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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MGRC stock has increased by 14.1% and is now trading at $60.63. 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 Tuesday, August 4th 2020. View our earnings forecast for McGrath RentCorp.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) announced its earnings results on Wednesday, April, 29th. The financial services provider reported $0.81 EPS for the quarter, beating the Zacks' consensus estimate of $0.73 by $0.08. The financial services provider had revenue of $129.50 million for the quarter, compared to analyst estimates of $126.08 million. McGrath RentCorp had a net margin of 17.05% and a return on equity of 15.89%. McGrath RentCorp's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm 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. Stockholders 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 2.77%. The ex-dividend date of this dividend is Thursday, July 16th. View McGrath RentCorp's dividend history.

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 stock price to reach $99.00 in the next twelve months. This suggests a possible upside of 63.3% 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 neutral this week, InfoTrie Sentiment reports. The research group identifies negative and positive media 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 closest to five being the most favorable. McGrath RentCorp earned a news impact score of 0.4 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutMcGrath RentCorp.

Are investors shorting McGrath RentCorp?

McGrath RentCorp saw a drop in short interest in May. As of May 15th, there was short interest totaling 196,900 shares, a drop of 16.4% from the April 30th total of 235,600 shares. Based on an average daily volume of 154,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.8% 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."

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 BlackRock Inc. (9.83%), Franklin Resources Inc. (3.78%), Wellington Management Group LLP (2.88%), State Street Corp (2.24%), Silvercrest Asset Management Group LLC (2.05%) and Loomis Sayles & Co. L P (1.91%). 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 institutional investors are selling McGrath RentCorp stock?

MGRC stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Franklin Resources Inc., Morgan Stanley, Morgan Stanley, Assenagon Asset Management S.A., Martingale Asset Management L P, Two Sigma Investments LP, and Redwood Investments 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 acquired by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Matarin Capital Management LLC, BlackRock Inc., Moody Aldrich Partners LLC, Mondrian Investment Partners LTD, JPMorgan Chase & Co., Victory Capital Management Inc., and Victory Capital Management 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 $60.63.

How big of a company is McGrath RentCorp?

McGrath RentCorp has a market capitalization of $1.46 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 6/6/2020 by MarketBeat.com Staff

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