McGrath RentCorp (Nasdaq:MGRC) - Stock Price, News & Analysis

MGRC Stock Overview

McGrath RentCorp operates as a business to business rental company in the United States and internationally.

MGRC fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	1/6
Past Performance	3/6
Financial Health	4/6
Dividends	5/6

Rewards

Earnings are forecast to grow 4.34% per year

Pays a reliable dividend of 2.05%

Risk Analysis

Has a high level of debt

Significant insider selling over the past 3 months

My Notes

Capture your thoughts, links and company narrative

McGrath RentCorp Competitors

Rush Enterprises

NasdaqGS:RUSH.B

US$2.9b

GMS

NYSE:GMS

US$2.2b

Boise Cascade

NYSE:BCC

US$2.4b

Herc Holdings

NYSE:HRI

US$3.2b

Price History & Performance

Summary of all time highs, changes and price drops for McGrath RentCorp
Historical stock prices
Current Share Price	US$90.76
52 Week High	US$111.70
52 Week Low	US$73.29
Beta	0.77
1 Month Change	-14.26%
3 Month Change	-7.42%
1 Year Change	6.90%
3 Year Change	65.44%
5 Year Change	69.04%
Change since IPO	3,990.59%

Recent updates

McGrath RentCorp: An Attractive Play On Business-To-Business On Rental Equipment

Jun 01

Here's Why McGrath RentCorp (NASDAQ:MGRC) Can Manage Its Debt Responsibly

May 18

Are Investors Undervaluing McGrath RentCorp (NASDAQ:MGRC) By 21%?

Apr 19

McGrath RentCorp's (NASDAQ:MGRC) Dividend Will Be Increased To US$0.46

Mar 30

McGrath RentCorp's (NASDAQ:MGRC) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 27

Here's Why McGrath RentCorp (NASDAQ:MGRC) Can Manage Its Debt Responsibly

Feb 10

Estimating The Intrinsic Value Of McGrath RentCorp (NASDAQ:MGRC)

Dec 27

At US$76.82, Is McGrath RentCorp (NASDAQ:MGRC) Worth Looking At Closely?

Oct 26

McGrath RentCorp (NASDAQ:MGRC) Has A Pretty Healthy Balance Sheet

Sep 22

Calculating The Intrinsic Value Of McGrath RentCorp (NASDAQ:MGRC)

Aug 17

Here's Why We Think McGrath RentCorp's (NASDAQ:MGRC) CEO Compensation Looks Fair for the time being

Jun 03

Estimating The Fair Value Of McGrath RentCorp (NASDAQ:MGRC)

May 17

McGrath RentCorp 2021 Q1 - Results - Earnings Call Presentation

Apr 30

Is It Time To Consider Buying McGrath RentCorp (NASDAQ:MGRC)?

Apr 08

Returns Are Gaining Momentum At McGrath RentCorp (NASDAQ:MGRC)

Mar 26

How Many McGrath RentCorp (NASDAQ:MGRC) Shares Do Institutions Own?

Mar 15

This Insider Has Just Sold Shares In McGrath RentCorp (NASDAQ:MGRC)

Mar 03

Is McGrath RentCorp (NASDAQ:MGRC) Using Too Much Debt?

Feb 23

McGrath RentCorp's (NASDAQ:MGRC) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

Feb 11

The Attractive Combination That Could Earn McGrath RentCorp (NASDAQ:MGRC) A Place In Your Dividend Portfolio

Feb 01

Shareholder Returns

	MGRC	US Trade Distributors	US Market
7D	-6.2%	-2.1%	-0.3%
1Y	6.9%	-2.1%	-14.8%

Return vs Industry: MGRC exceeded the US Trade Distributors industry which returned -1.7% over the past year.

Return vs Market: MGRC exceeded the US Market which returned -14.2% over the past year.

Price Volatility

Is MGRC's price volatile compared to industry and market?
MGRC volatility
MGRC Average Weekly Movement	4.1%
Trade Distributors Industry Average Movement	5.3%
Market Average Movement	6.5%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.0%

Stable Share Price: MGRC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MGRC's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1979	1,218	Joe Hanna	https://www.mgrc.com

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 through Mobile Modular, TRS-RenTelco, and Enviroplex segments.

McGrath RentCorp Fundamentals Summary

How do McGrath RentCorp's earnings and revenue compare to its market cap?
MGRC fundamental statistics
Market Cap	US$2.21b
Earnings (TTM)	US$115.14m
Revenue (TTM)	US$733.82m

19.2x

P/E Ratio

3.0x

P/S Ratio

Is MGRC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MGRC income statement (TTM)
Revenue	US$733.82m
Cost of Revenue	US$396.92m
Gross Profit	US$336.91m
Other Expenses	US$221.77m
Earnings	US$115.14m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	4.72
Gross Margin	45.91%
Net Profit Margin	15.69%
Debt/Equity Ratio	51.5%

How did MGRC perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

38%

Payout Ratio

Does MGRC pay a reliable dividends?

See MGRC dividend history and benchmarks

When do you need to buy MGRC by to receive an upcoming dividend?
McGrath RentCorp dividend dates
Ex Dividend Date	Apr 13 2023
Dividend Pay Date	Apr 28 2023
Days until Ex dividend	20 days
Days until Dividend pay date	35 days

Does MGRC pay a reliable dividends?

See MGRC dividend history and benchmarks

MGRC Stock Overview

Rewards

Risk Analysis

McGrath RentCorp Competitors

NasdaqGS:RUSH.B

US$2.9b

NYSE:GMS

US$2.2b

NYSE:BCC

US$2.4b

NYSE:HRI

US$3.2b

Price History & Performance

Recent News & Updates

Insider recently sold US$554k worth of stock

Executive VP & CFO exercised options and sold US$318k worth of stock

Independent Director recently sold US$52k worth of stock

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Ironclad Environmental Solutions acquired Adler Tank Rentals, LLC from McGrath RentCorp for $265 million.

Price target increased by 15% to US$117

Recent updates

Insider recently sold US$554k worth of stock

Executive VP & CFO exercised options and sold US$318k worth of stock

Independent Director recently sold US$52k worth of stock

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Ironclad Environmental Solutions acquired Adler Tank Rentals, LLC from McGrath RentCorp for $265 million.

Price target increased by 15% to US$117

McGrath RentCorp to Report Q4, 2022 Results on Feb 22, 2023

Upcoming dividend of US$0.46 per share

McGrath RentCorp Declares Quarterly Dividend for the Quarter Ended December 31, 2022, Payable on January 31, 2023

McGrath RentCorp Announces Nicolas Anderson Elected to Board

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

McGrath RentCorp Revises Financial Guidance for the Full Year 2022

Now 20% undervalued

Is McGrath RentCorp (NASDAQ:MGRC) A Risky Investment?

Upcoming dividend of US$0.46 per share

McGrath RentCorp to Report Q3, 2022 Results on Oct 27, 2022

McGrath RentCorp Declares Quarterly Dividend for the Quarter Ended September 30, 2022, Payable on October 31, 2022

Insider exercised options and sold US$127k worth of stock

McGrath RentCorp declares $0.455 dividend

Is It Time To Consider Buying McGrath RentCorp (NASDAQ:MGRC)?

Are Investors Undervaluing McGrath RentCorp (NASDAQ:MGRC) By 29%?

Price target increased to US$101

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

McGrath RentCorp Raises Earnings Guidance for the Full Year 2022

Upcoming dividend of US$0.46 per share

McGrath RentCorp to Report Q2, 2022 Results on Jul 28, 2022

McGrath RentCorp(NasdaqGS:MGRC) dropped from Russell 2000 Value-Defensive Index

Insider notifies of intention to sell stock

Mcgrath Rentcorp Declares Quarterly Dividend, Payable on July 29, 2022

Independent Director recently sold US$83k worth of stock

McGrath RentCorp: An Attractive Play On Business-To-Business On Rental Equipment

Independent Director recently sold US$115k worth of stock

President exercised options and sold US$1.1m worth of stock

Here's Why McGrath RentCorp (NASDAQ:MGRC) Can Manage Its Debt Responsibly

VP & Division Manager of TRS-RenTelco recently sold US$163k worth of stock

McGrath RentCorp, Annual General Meeting, Jun 08, 2022

First quarter 2022 earnings: EPS exceeds analyst expectations

Insufficient new directors

Are Investors Undervaluing McGrath RentCorp (NASDAQ:MGRC) By 21%?

Upcoming dividend of US$0.46 per share

McGrath RentCorp to Report Q1, 2022 Results on Apr 28, 2022

McGrath RentCorp's (NASDAQ:MGRC) Dividend Will Be Increased To US$0.46

McGrath RentCorp to Report Q1, 2022 Results on Apr 28, 2022

Insider notifies of intention to sell stock

Insider recently sold US$906k worth of stock

Now 21% undervalued

President exercised options and sold US$228k worth of stock

McGrath RentCorp's (NASDAQ:MGRC) Shareholders Will Receive A Bigger Dividend Than Last Year

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

McGrath RentCorp Provides Earnings Guidance for the Year 2022

Here's Why McGrath RentCorp (NASDAQ:MGRC) Can Manage Its Debt Responsibly

Price target decreased to US$92.00

Now 20% undervalued

Upcoming dividend of US$0.43 per share

Estimating The Intrinsic Value Of McGrath RentCorp (NASDAQ:MGRC)

Insufficient new directors

Third quarter 2021 earnings released: EPS US$0.96 (vs US$1.17 in 3Q 2020)

At US$76.82, Is McGrath RentCorp (NASDAQ:MGRC) Worth Looking At Closely?

Upcoming dividend of US$0.43 per share