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NASDAQ:MGRC

McGrath RentCorp (MGRC) Stock Price, News & Analysis

McGrath RentCorp logo
$120.90 +1.44 (+1.21%)
(As of 11/22/2024 ET)

About McGrath RentCorp Stock (NASDAQ:MGRC)

Key Stats

Today's Range
$119.39
$121.28
50-Day Range
$98.99
$122.55
52-Week Range
$95.50
$130.86
Volume
177,342 shs
Average Volume
242,900 shs
Market Capitalization
$2.97 billion
P/E Ratio
13.21
Dividend Yield
1.57%
Price Target
$139.00
Consensus Rating
Buy

Company Overview

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, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, 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. 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 Portable Storage segment offers steel containers to provide a temporary storage solution. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is based in Livermore, California.

McGrath RentCorp Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

MGRC MarketRank™: 

McGrath RentCorp scored higher than 97% of companies evaluated by MarketBeat, and ranked 111th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    McGrath RentCorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    McGrath RentCorp has only been the subject of 1 research reports in the past 90 days.

  • Read more about McGrath RentCorp's stock forecast and price target.
  • Earnings Growth

    Earnings for McGrath RentCorp are expected to grow by 16.36% in the coming year, from $5.50 to $6.40 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of McGrath RentCorp is 13.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of McGrath RentCorp is 13.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.72.

  • Price to Earnings Growth Ratio

    McGrath RentCorp has a PEG Ratio of 1.65. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    McGrath RentCorp has a P/B Ratio of 2.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about McGrath RentCorp's valuation and earnings.
  • Percentage of Shares Shorted

    3.19% of the outstanding shares of McGrath RentCorp have been sold short.
  • Short Interest Ratio / Days to Cover

    McGrath RentCorp has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in McGrath RentCorp has recently increased by 38.66%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    McGrath RentCorp pays a meaningful dividend of 1.61%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    McGrath RentCorp has been increasing its dividend for 32 years.

  • Dividend Coverage

    The dividend payout ratio of McGrath RentCorp is 20.77%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, McGrath RentCorp will have a dividend payout ratio of 29.69% next year. This indicates that McGrath RentCorp will be able to sustain or increase its dividend.

  • Read more about McGrath RentCorp's dividend.
  • Percentage of Shares Shorted

    3.19% of the outstanding shares of McGrath RentCorp have been sold short.
  • Short Interest Ratio / Days to Cover

    McGrath RentCorp has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in McGrath RentCorp has recently increased by 38.66%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    McGrath RentCorp has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for McGrath RentCorp this week, compared to 3 articles on an average week.
  • Search Interest

    3 people have searched for MGRC on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, McGrath RentCorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,493,411.00 in company stock.

  • Percentage Held by Insiders

    Only 1.60% of the stock of McGrath RentCorp is held by insiders.

  • Percentage Held by Institutions

    92.05% of the stock of McGrath RentCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about McGrath RentCorp's insider trading history.
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MGRC Stock News Headlines

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MGRC Stock Analysis - Frequently Asked Questions

McGrath RentCorp's stock was trading at $119.62 on January 1st, 2024. Since then, MGRC shares have increased by 1.1% and is now trading at $120.90.
View the best growth stocks for 2024 here
.

McGrath RentCorp (NASDAQ:MGRC) released its quarterly earnings data on Thursday, October, 24th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.48. The company's revenue was up 9.5% compared to the same quarter last year.

Top institutional shareholders of McGrath RentCorp include River Road Asset Management LLC (5.08%), Victory Capital Management Inc. (3.08%), State Street Corp (2.42%) and Geode Capital Management LLC (2.36%). Insiders that own company stock include Joseph F Hanna, John P Skenesky, Dennis P Stradford, Kimberly Ann Box, Elizabeth A Fetter, Trease Kristina Van, William J Dawson, Tara Wescott, David M Whitney and Philip B Hawkins.
View institutional ownership trends
.

Shares of MGRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that McGrath RentCorp investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Broadcom (AVGO), Exxon Mobil (XOM) and Tesla (TSLA).

Company Calendar

Ex-Dividend for 10/31 Dividend
10/17/2024
Last Earnings
10/24/2024
Dividend Payable
10/31/2024
Today
11/22/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/19/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
Diversified Support Services
Current Symbol
NASDAQ:MGRC
CUSIP
58058910
Employees
1,204
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$139.00
High Stock Price Target
$139.00
Low Stock Price Target
$139.00
Potential Upside/Downside
+15.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$174.62 million
Pretax Margin
34.36%

Debt

Sales & Book Value

Annual Sales
$888.78 million
Cash Flow
$9.23 per share
Book Value
$44.56 per share

Miscellaneous

Free Float
24,158,000
Market Cap
$2.96 billion
Optionable
Optionable
Beta
0.74

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This page (NASDAQ:MGRC) was last updated on 11/23/2024 by MarketBeat.com Staff
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