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	1/6
Future Growth	1/6
Past Performance	4/6
Financial Health	2/6
Dividends	4/6

Rewards

Trading at 6.2% below our estimate of its fair value

Earnings are forecast to grow 14.52% per year

Earnings grew by 8.3% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 1.74% is not well covered by cash flows

McGrath RentCorp Competitors

H&E Equipment Services

NasdaqGS:HEES

US$2.1b

GMS

NYSE:GMS

US$3.7b

Rush Enterprises

NasdaqGS:RUSH.A

US$3.5b

Textainer Group Holdings

NYSE:TGH

US$2.1b

Price History & Performance

Summary of all time highs, changes and price drops for McGrath RentCorp
Historical stock prices
Current Share Price	US$109.30
52 Week High	US$130.86
52 Week Low	US$86.26
Beta	0.78
1 Month Change	-10.59%
3 Month Change	-2.19%
1 Year Change	23.61%
3 Year Change	32.87%
5 Year Change	75.50%
Change since IPO	9,226.93%

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

Shareholder Returns

	MGRC	US Trade Distributors	US Market
7D	-1.2%	2.9%	1.0%
1Y	23.6%	43.6%	21.9%

Return vs Industry: MGRC underperformed the US Trade Distributors industry which returned 45.5% over the past year.

Return vs Market: MGRC underperformed the US Market which returned 24.9% over the past year.

Price Volatility

Is MGRC's price volatile compared to industry and market?
MGRC volatility
MGRC Average Weekly Movement	3.7%
Trade Distributors Industry Average Movement	5.2%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.0%

Stable Share Price: MGRC has not had significant price volatility in the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
1979	1,204	Joe Hanna	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, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex.

McGrath RentCorp Fundamentals Summary

How do McGrath RentCorp's earnings and revenue compare to its market cap?
MGRC fundamental statistics
Market cap	US$2.68b
Earnings (TTM)	US$111.85m
Revenue (TTM)	US$831.84m

24.0x

P/E Ratio

3.2x

P/S Ratio

Is MGRC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MGRC income statement (TTM)
Revenue	US$831.84m
Cost of Revenue	US$438.21m
Gross Profit	US$393.63m
Other Expenses	US$281.78m
Earnings	US$111.85m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	4.56
Gross Margin	47.32%
Net Profit Margin	13.45%
Debt/Equity Ratio	81.7%

How did MGRC perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

41%

Payout Ratio

MGRC Stock Overview

Rewards

Risk Analysis

McGrath RentCorp Competitors

NasdaqGS:HEES

US$2.1b

NYSE:GMS

US$3.7b

NasdaqGS:RUSH.A

US$3.5b

NYSE:TGH

US$2.1b

Price History & Performance

Recent News & Updates

Price target decreased by 9.3% to US$117

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

Recent updates

Price target decreased by 9.3% to US$117

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