Industrials - Rental & Leasing Services - NASDAQ - US
$ 116.81
-3.12 %
$ 2.87 B
Market Cap
12.64
P/E
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.[ Read More ]
The intrinsic value of one MGRC stock under the base case scenario is HIDDEN Compared to the current market price of 117 USD, McGrath RentCorp is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart MGRC
FINANCIALS
832 M
REVENUE
190 M
OPERATING INCOME
175 M
NET INCOME
95.3 M
OPERATING CASH FLOW
-392 M
INVESTING CASH FLOW
296 M
FINANCING CASH FLOW
267 M
REVENUE
74.7 M
OPERATING INCOME
149 M
NET INCOME
199 M
OPERATING CASH FLOW
-6.93 M
INVESTING CASH FLOW
-197 M
FINANCING CASH FLOW
Balance Sheet Decomposition
McGrath RentCorp
| Current Assets | 228 M |
| Cash & Short-Term Investments | 877 K |
| Receivables | 227 M |
| Other Current Assets | 0 |
| Non-Current Assets | 1.99 B |
| Long-Term Investments | 0 |
| PP&E | 1.51 B |
| Other Non-Current Assets | 476 M |
| Current Liabilities | 111 M |
| Accounts Payable | 153 M |
| Short-Term Debt | 6.86 M |
| Other Current Liabilities | -48.2 M |
| Non-Current Liabilities | 1.17 B |
| Long-Term Debt | 771 M |
| Other Non-Current Liabilities | 401 M |
EFFICIENCY
Earnings Waterfall
McGrath RentCorp
| Revenue | 832 M |
| Cost Of Revenue | 438 M |
| Gross Profit | 394 M |
| Operating Expenses | 204 M |
| Operating Income | 190 M |
| Other Expenses | 15.1 M |
| Net Income | 175 M |
RATIOS
47.32%
GROSS MARGIN
22.81%
OPERATING MARGIN
20.99%
NET MARGIN
18.70%
ROE
7.88%
ROA
8.37%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
McGrath RentCorp
| Net Income | 175 M |
| Depreciation & Amortization | 109 M |
| Capital Expenditures | -274 M |
| Stock-Based Compensation | 8.28 M |
| Change in Working Capital | -85.5 M |
| Others | -80.3 M |
| Free Cash Flow | -178 M |
Wall Street Analysts Price Targets
McGrath RentCorp
Wall Street analysts predict an average 1-year price target for MGRC of $120 , with forecasts ranging from a low of $120 to a high of $120 .
MGRC Lowest Price Target
Wall Street Target
120 USD
2.73%
MGRC Average Price Target
Wall Street Target
120 USD
2.73%
MGRC Highest Price Target
Wall Street Target
120 USD
2.73%
4. DIVIDEND ANALYSIS
0.45%
DIVIDEND YIELD
0.475 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
McGrath RentCorp
Sold
0-3 MONTHS
8.18 M USD 10
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 week ago
Nov 06, 2024
|
Sell 1.37 M USD
|
HANNA JOSEPH F
President and CEO |
- 11430
|
119.6436 USD |
|
1 week ago
Nov 06, 2024
|
Sell 531 K USD
|
HANNA JOSEPH F
President and CEO |
- 4410
|
120.5091 USD |
|
1 week ago
Nov 07, 2024
|
Sell 500 K USD
|
HANNA JOSEPH F
President and CEO |
- 4105
|
121.7261 USD |
|
2 weeks ago
Nov 01, 2024
|
Sell 115 K USD
|
Box Kimberly Ann
Director |
- 1000
|
114.622 USD |
|
2 weeks ago
Nov 01, 2024
|
Sell 574 K USD
|
Skenesky John P
VP and Division Manager |
- 5000
|
114.8574 USD |
|
2 weeks ago
Oct 30, 2024
|
Sell 606 K USD
|
VAN TREASE KRISTINA
Chief Strategy Officer |
- 5176
|
116.998 USD |
|
2 weeks ago
Oct 30, 2024
|
Sell 606 K USD
|
Whitney David M
VP, Controller, PAO |
- 5176
|
116.998 USD |
|
2 weeks ago
Oct 30, 2024
|
Sell 162 K USD
|
Wescott Tara
Vice President Human Resources |
- 1379
|
117.4773 USD |
|
2 weeks ago
Oct 30, 2024
|
Sell 187 K USD
|
Hawkins Philip B
Senior VP Mobile Modular Div |
- 1618
|
115.8098 USD |
|
2 weeks ago
Oct 30, 2024
|
Sell 281 K USD
|
Hawkins Philip B
Senior VP Mobile Modular Div |
- 2411
|
116.4762 USD |
|
2 weeks ago
Oct 30, 2024
|
Sell 29.8 K USD
|
Hawkins Philip B
Senior VP Mobile Modular Div |
- 254
|
117.2272 USD |
|
2 weeks ago
Oct 29, 2024
|
Sell 1.85 M USD
|
DAWSON WILLIAM J
Director |
- 16103
|
114.8433 USD |
|
2 weeks ago
Oct 29, 2024
|
Sell 451 K USD
|
DAWSON WILLIAM J
Director |
- 3897
|
115.661 USD |
|
2 weeks ago
Oct 28, 2024
|
Sell 346 K USD
|
FETTER ELIZABETH A
Director |
- 3000
|
115.3427 USD |
|
2 weeks ago
Oct 28, 2024
|
Sell 572 K USD
|
PRATT KEITH E
Executive VP and CFO |
- 4996
|
114.511 USD |
|
2 weeks ago
Oct 28, 2024
|
Sell 461 USD
|
PRATT KEITH E
Executive VP and CFO |
- 4
|
115.173 USD |
|
1 year ago
Nov 03, 2023
|
Sell 441 K USD
|
VAN TREASE KRISTINA
Sr. VP Business Strategy & Dev |
- 4325
|
102 USD |
|
1 year ago
Nov 03, 2023
|
Sell 199 K USD
|
VAN TREASE KRISTINA
Sr. VP Business Strategy & Dev |
- 1950
|
102 USD |
|
1 year ago
Nov 03, 2023
|
Sell 441 K USD
|
Whitney David M
VP, Controller, PAO |
- 4325
|
102 USD |
|
1 year ago
Nov 03, 2023
|
Sell 199 K USD
|
Whitney David M
VP, Controller, PAO |
- 1950
|
102 USD |
|
1 year ago
Aug 30, 2023
|
Sell 44.1 K USD
|
FETTER ELIZABETH A
Director |
- 430
|
102.59 USD |
|
1 year ago
Aug 18, 2023
|
Sell 257 K USD
|
Hawkins Philip B
Senior VP Mobile Modular Div |
- 2607
|
98.724 USD |
|
1 year ago
May 11, 2023
|
Sell 127 K USD
|
FETTER ELIZABETH A
Director |
- 1400
|
91.0336 USD |
|
1 year ago
May 12, 2023
|
Sell 110 K USD
|
Wescott Tara
Vice President Human Resources |
- 1200
|
91.3141 USD |
|
1 year ago
May 11, 2023
|
Sell 273 K USD
|
Skenesky John P
VP and Division Manager |
- 3000
|
90.9669 USD |
|
1 year ago
May 11, 2023
|
Sell 149 K USD
|
Lieffrig John
VP and Division Manager |
- 1655
|
90.0378 USD |
|
1 year ago
Mar 10, 2023
|
Sell 166 K USD
|
STRADFORD DENNIS P
Director |
- 1700
|
97.8753 USD |
|
1 year ago
Mar 08, 2023
|
Sell 554 K USD
|
Hawkins Philip B
Senior VP Mobile Modular Div |
- 5624
|
98.419 USD |
|
1 year ago
Feb 28, 2023
|
Sell 275 K USD
|
VAN TREASE KRISTINA
Sr. VP Business Strategy & Dev |
- 2646
|
104.0114 USD |
|
1 year ago
Feb 28, 2023
|
Sell 290 K USD
|
VAN TREASE KRISTINA
Sr. VP Business Strategy & Dev |
- 2784
|
104.0358 USD |
|
1 year ago
Feb 28, 2023
|
Sell 275 K USD
|
Whitney David M
VP, Controller, PAO |
- 2646
|
104.0114 USD |
|
1 year ago
Feb 28, 2023
|
Sell 290 K USD
|
Whitney David M
VP, Controller, PAO |
- 2784
|
104.0358 USD |
|
1 year ago
Feb 28, 2023
|
Sell 51.7 K USD
|
Box Kimberly Ann
Director |
- 500
|
103.3887 USD |
|
2 years ago
Jun 02, 2022
|
Sell 83.2 K USD
|
STRADFORD DENNIS P
director: |
- 1000
|
83.2 USD |
|
2 years ago
May 23, 2022
|
Sell 115 K USD
|
FETTER ELIZABETH A
director: |
- 1400
|
82.1545 USD |
|
2 years ago
May 09, 2022
|
Sell 163 K USD
|
Skenesky John P
VP and Division Manager |
- 2000
|
81.7408 USD |
|
2 years ago
Mar 11, 2022
|
Sell 906 K USD
|
Hawkins Philip B
Senior VP Mobile Modular Div |
- 10862
|
83.4158 USD |
7. News
McGrath RentCorp (MGRC) Q3 2024 Earnings Call Transcript
McGrath RentCorp (NASDAQ:MGRC ) Q3 2024 Earnings Conference Call October 24, 2024 5:00 PM ET Company Participants Joe Hanna - Chief Executive Officer Keith Pratt - Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Mark Riddick - Sidoti Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp's Third Quarter 2024 Earnings Call.
seekingalpha.com
- 3 weeks ago
McGrath (MGRC) Q3 Earnings and Revenues Top Estimates
McGrath (MGRC) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.65 per share a year ago.
zacks.com
- 3 weeks ago
McGrath Announces Results for Third Quarter 2024
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended September 30, 2024 of $266.8 million, an increase of 10% compared to the third quarter of 2023. The Company reported net income from continuing operations of $149.3 million, or $6.08 per diluted share, for the third quarter of 2024, compared to net income f.
businesswire.com
- 3 weeks ago
Analysts Estimate McGrath (MGRC) to Report a Decline in Earnings: What to Look Out for
McGrath (MGRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
McGrath Sets Third Quarter 2024 Financial Results Date and Time
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its third quarter ending September 30, 2024, after the close of regular market trading on Thursday, October 24, 2024. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) that afternoon to discuss the results. The conference call may be ac.
businesswire.com
- 1 month ago
Why McGrath RentCorp Stock Slumped on Wednesday
A tie-up with a very compatible peer was canceled. McGrath will receive a fee of $180 million for this, but that's small comfort to shareholders.
fool.com
- 1 month ago
McGrath Confirms Agreement to Terminate Pending Merger with WillScot
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today confirmed that WillScot Holdings Corporation (“WillScot”) (Nasdaq: WSC) and the Company mutually agreed to terminate their previously announced merger agreement. In accordance with the terms of the merger agreement, McGrath is receiving a termination fee of $180 million. Joseph Hanna, President and Chief Executive Officer of McGr.
businesswire.com
- 1 month ago
McGrath Declares Quarterly Dividend
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors' declaration of a quarterly cash dividend of $0.475 per common share for the quarter ended September 30, 2024. The dividend will be payable on October 31, 2024 to all shareholders of record on October 17, 2024. The year 2024 marks 33 consecutive years that McGrath RentCorp has raised its dividend.
businesswire.com
- 2 months ago
McGrath Announces Board Leadership Update
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Elizabeth A. Fetter resigned from the McGrath board of directors on August 1, 2024, for personal reasons after serving over ten years on the board. “Liz was the first female independent director of the McGrath board and her insights as an experienced CEO brought fresh perspective to board discussions. She served as chair of the com.
businesswire.com
- 3 months ago
McGrath RentCorp (MGRC) Q2 2024 Earnings Call Transcript
McGrath RentCorp (NASDAQ:MGRC ) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Joe Hanna - Chief Executive Officer Keith Pratt - Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Marc Riddick - Sidoti Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp Second Quarter 2024 Earnings Call.
seekingalpha.com
- 3 months ago
McGrath (MGRC) Misses Q2 Earnings Estimates
McGrath (MGRC) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.14 per share a year ago.
zacks.com
- 3 months ago
Earnings Preview: McGrath (MGRC) Q2 Earnings Expected to Decline
McGrath (MGRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 4 months ago
8. Profile Summary
McGrath RentCorp MGRC
COUNTRY
US
INDUSTRY
Rental & Leasing Services
MARKET CAP
$ 2.87 B
Dividend Yield
0.45%
Description
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. The company was incorporated in 1979 and is headquartered in Livermore, California.
Contact
5700 Las Positas Road, Livermore, CA, 94551-7800
https://www.mgrc.com
IPO Date
Nov. 13, 1984
Employees
1204
Officers
Ms. Gilda Malek J.D.
Vice President, General Counsel & Corporate Secretary
Ms. Kristina Van Trease-Whitney
Senior Vice President & Chief Strategy Officer
Mr. David M. Whitney CPA
Vice President, Corporate Controller & Principal Accounting Officer
Ms. Tara Wescott
Vice President of Human Resources
Mr. John P. Skenesky
Vice President & Division Manager of TRS-RenTelco
Mr. Joseph F. Hanna
President, Chief Executive Officer & Director
Mr. Keith E. Pratt
Executive Vice President, Chief Financial Officer & Assistant Corporate Secretary
Mr. Philip B. Hawkins
Senior Vice President & Division Manager of Mobile Modular