McGrath RentCorp Past Earnings Performance

Past criteria checks 4/6

McGrath RentCorp has been growing earnings at an average annual rate of 5.1%, while the Trade Distributors industry saw earnings growing at 23.5% annually. Revenues have been growing at an average rate of 9.6% per year. McGrath RentCorp's return on equity is 12%, and it has net margins of 13.4%.

Key information

5.1%

Earnings growth rate

4.9%

EPS growth rate

Trade Distributors Industry Growth	23.4%
Revenue growth rate	9.6%
Return on equity	12.0%
Net Margin	13.4%
Next Earnings Update	25 Apr 2024

Recent past performance updates

Recent updates

WillScot's Offer Undervalues McGrath

Jan 31

Is Now The Time To Put McGrath RentCorp (NASDAQ:MGRC) On Your Watchlist?

Jan 03

Risks To Shareholder Returns Are Elevated At These Prices For McGrath RentCorp (NASDAQ:MGRC)

Dec 19

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

Revenue & Expenses Breakdown
Beta

How McGrath RentCorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:MGRC Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	832	112	84
30 Sep 23	891	127	213
30 Jun 23	822	113	209
31 Mar 23	772	109	196
31 Dec 22	636	103	49
30 Sep 22	629	97	141
30 Jun 22	628	93	144
31 Mar 22	621	90	146
31 Dec 21	535	85	35
30 Sep 21	590	92	139
30 Jun 21	573	97	130
31 Mar 21	564	99	124
31 Dec 20	573	102	123
30 Sep 20	571	97	126
30 Jun 20	588	102	127
31 Mar 20	578	99	127
31 Dec 19	570	97	125
30 Sep 19	556	95	122
30 Jun 19	526	87	119
31 Mar 19	515	83	117
31 Dec 18	498	79	116
30 Sep 18	487	173	114
30 Jun 18	480	165	114
31 Mar 18	472	160	112
31 Dec 17	462	154	112
30 Sep 17	445	46	110
30 Jun 17	432	42	108
31 Mar 17	425	40	106
31 Dec 16	424	38	105
30 Sep 16	424	40	104
30 Jun 16	415	41	102
31 Mar 16	408	40	101
31 Dec 15	405	40	100
30 Sep 15	411	43	100
30 Jun 15	411	43	99
31 Mar 15	411	45	99
31 Dec 14	408	46	97
30 Sep 14	391	44	94
30 Jun 14	387	42	93
31 Mar 14	378	42	91
31 Dec 13	380	43	89
30 Sep 13	387	44	89
30 Jun 13	377	43	87

Quality Earnings: MGRC has high quality earnings.

Growing Profit Margin: MGRC's current net profit margins (13.4%) are lower than last year (16.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MGRC's earnings have grown by 5.1% per year over the past 5 years.

Accelerating Growth: MGRC's earnings growth over the past year (8.3%) exceeds its 5-year average (5.1% per year).

Earnings vs Industry: MGRC earnings growth over the past year (8.3%) exceeded the Trade Distributors industry 4.1%.

Return on Equity

High ROE: MGRC's Return on Equity (12%) is considered low.

Return on Assets

Return on Capital Employed

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McGrath RentCorp Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

McGrath RentCorp to Report Q1, 2024 Results on Apr 25, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

McGrath RentCorp to Report Q4, 2023 Results on Feb 21, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

McGrath RentCorp to Report Q3, 2023 Results on Oct 26, 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Recent updates

Upcoming dividend of US$0.47 per share

McGrath RentCorp to Report Q1, 2024 Results on Apr 25, 2024

President exercised options and sold US$1.7m worth of stock

Fourth quarter dividend of US$0.47 announced

Price target increased by 7.9% to US$129

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

McGrath RentCorp Declares Cash Dividend for the Quarter Ending March 31, 2024, Payable on April 30, 2024

Investor sentiment improves as stock rises 16%

McGrath RentCorp to Report Q4, 2023 Results on Feb 21, 2024

Insufficient new directors

WillScot's Offer Undervalues McGrath

WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) entered into an agreement to acquire McGrath RentCorp (NasdaqGS:MGRC) for $3.1 billion.

WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) entered into an agreement to acquire McGrath RentCorp (NasdaqGS:MGRC)

Consensus EPS estimates increase by 20%

Upcoming dividend of US$0.47 per share at 1.7% yield

Is Now The Time To Put McGrath RentCorp (NASDAQ:MGRC) On Your Watchlist?

Risks To Shareholder Returns Are Elevated At These Prices For McGrath RentCorp (NASDAQ:MGRC)

McGrath RentCorp Declares Quarterly Dividend, Payable on January 31, 2024

A Look At The Fair Value Of McGrath RentCorp (NASDAQ:MGRC)

We Think McGrath RentCorp (NASDAQ:MGRC) Can Stay On Top Of Its Debt

Insider recently sold US$640k worth of stock

Consensus EPS estimates fall by 16%, revenue upgraded

Insider notifies of intention to sell stock

McGrath RentCorp Revises Revenue Guidance for Full Year 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.47 per share at 1.9% yield

McGrath RentCorp to Report Q3, 2023 Results on Oct 26, 2023

McGrath RentCorp Declares Quarterly Dividend, Payable on October 31, 2023

Insider recently sold US$257k worth of stock

Insider notifies of intention to sell stock

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

McGrath RentCorp Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Here's Why We Think McGrath RentCorp (NASDAQ:MGRC) Is Well Worth Watching

Consensus EPS estimates fall by 20%

McGrath RentCorp (NasdaqGS:MGRC) acquired Assets of Inland Leasing and Storage.

Upcoming dividend of US$0.47 per share at 2.1% yield

McGrath RentCorp to Report Q2, 2023 Results on Jul 27, 2023

Mcgrath Rentcorp Announces Executive Changes

Insider exercised options and sold US$382k worth of stock

Consensus EPS estimates fall by 15%

VP & Division Manager of TRS-RenTelco recently sold US$273k worth of stock

McGrath RentCorp Revises Earnings Guidance for the Full Year 2023

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Upcoming dividend of US$0.47 per share at 2.2% yield

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

Revenue & Expenses Breakdown
Beta