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McGrath RentCorp is a rental & leasing services business based in the US. McGrath RentCorp shares (MGRC) are listed on the NASDAQ and all prices are listed in US Dollars. McGrath RentCorp employs 1,099 staff and has a trailing 12-month revenue of around USD$570.8 million.
|Latest market close||USD$64.68|
|52-week range||USD$43.3512 - USD$82.115|
|50-day moving average||USD$62.7949|
|200-day moving average||USD$60.1024|
|Wall St. target price||USD$76.67|
|Dividend yield||USD$1.68 (2.61%)|
|Earnings per share (TTM)||USD$3.95|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-01-12)||N/A|
|1 month (2020-12-23)||1.33%|
|3 months (2020-10-19)||N/A|
|6 months (2020-07-19)||N/A|
|1 year (2020-01-19)||N/A|
|2 years (2019-01-19)||N/A|
|3 years (2018-01-19)||N/A|
|5 years (2016-01-19)||N/A|
Valuing McGrath RentCorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of McGrath RentCorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
McGrath RentCorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, McGrath RentCorp shares trade at around 16x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
McGrath RentCorp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.6296. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into McGrath RentCorp's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
McGrath RentCorp's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$146.9 million.
The EBITDA is a measure of a McGrath RentCorp's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$570.8 million|
|Operating margin TTM||24.17%|
|Gross profit TTM||USD$266.2 million|
|Return on assets TTM||6.63%|
|Return on equity TTM||15.21%|
|Market capitalisation||USD$1.6 billion|
TTM: trailing 12 months
There are currently 183,191 McGrath RentCorp shares held short by investors – that's known as McGrath RentCorp's "short interest". This figure is 0.7% down from 184,532 last month.
There are a few different ways that this level of interest in shorting McGrath RentCorp shares can be evaluated.
McGrath RentCorp's "short interest ratio" (SIR) is the quantity of McGrath RentCorp shares currently shorted divided by the average quantity of McGrath RentCorp shares traded daily (recently around 70188.122605364). McGrath RentCorp's SIR currently stands at 2.61. In other words for every 100,000 McGrath RentCorp shares traded daily on the market, roughly 2610 shares are currently held short.
However McGrath RentCorp's short interest can also be evaluated against the total number of McGrath RentCorp shares, or, against the total number of tradable McGrath RentCorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case McGrath RentCorp's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 McGrath RentCorp shares in existence, roughly 10 shares are currently held short) or 0.0086% of the tradable shares (for every 100,000 tradable McGrath RentCorp shares, roughly 9 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against McGrath RentCorp.
Find out more about how you can short McGrath RentCorp stock.
Dividend payout ratio: 41.39% of net profits
Recently McGrath RentCorp has paid out, on average, around 41.39% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.61% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), McGrath RentCorp shareholders could enjoy a 2.61% return on their shares, in the form of dividend payments. In McGrath RentCorp's case, that would currently equate to about $1.68 per share.
While McGrath RentCorp's payout ratio might seem fairly standard, it's worth remembering that McGrath RentCorp may be investing much of the rest of its net profits in future growth.
McGrath RentCorp's most recent dividend payout was on 30 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 15 October 2020 (the "ex-dividend date").
McGrath RentCorp's shares were split on a 2:1 basis on 28 March 2005. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your McGrath RentCorp shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for McGrath RentCorp shares which in turn could have impacted McGrath RentCorp's share price.
Over the last 12 months, McGrath RentCorp's shares have ranged in value from as little as $43.3512 up to $82.115. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while McGrath RentCorp's is 1.0141. This would suggest that McGrath RentCorp's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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 related accessories, and liquid and solid containment tanks and boxes. The company operates through 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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