Industrials -
Rental & Leasing Services - NASDAQ - US
$ 101.86
-2.03 %
$ 2.5 B
Market Cap
10.9
P/E
1. INTRINSIC VALUE
Balance Sheet
McGrath RentCorp
| Current Assets | 234 M |
| Cash & Short-Term Investments | 807 K |
| Receivables | 219 M |
| Other Current Assets | 14.3 M |
| Non-Current Assets | 855 M |
| Long-Term Investments | 0 |
| PP&E | 197 M |
| Other Non-Current Assets | 658 M |
| Current Liabilities | 170 M |
| Accounts Payable | 60.1 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 110 M |
| Non-Current Liabilities | 984 M |
| Long-Term Debt | 590 M |
| Other Non-Current Liabilities | 394 M |
EFFICIENCY
Earnings Waterfall
McGrath RentCorp
| Revenue | 911 M |
| Cost Of Revenue | 476 M |
| Gross Profit | 435 M |
| Operating Expenses | 191 M |
| Operating Income | 244 M |
| Other Expenses | 12.5 M |
| Net Income | 232 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
McGrath RentCorp
| Net Income | 232 M |
| Depreciation & Amortization | 107 M |
| Capital Expenditures | -40.2 M |
| Stock-Based Compensation | 9.5 M |
| Change in Working Capital | 29.3 M |
| Others | -32 M |
| Free Cash Flow | 334 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
17.81%
MGRC Average Price Target
Wall Street Target
120 USD
17.81%
MGRC Highest Price Target
Wall Street Target
120 USD
17.81%
4. DIVIDEND
ANALYSIS
0.42%
DIVIDEND YIELD
0.485 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
McGrath RentCorp
Sold
0-3 MONTHS
125 K USD 1
3-6 MONTHS
5.07 M USD 8
6-9 MONTHS
3.22 M USD 3
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
7. News
McGrath RentCorp: An Attractive Way To Capture Strong Returns
McGrath RentCorp remains a 'Buy' due to its solid financial performance, attractive pricing, and potential for growth despite a failed merger with WillScot Holdings. The Mobile Modular segment drove significant revenue growth from $379.2 million in 2022 to $635.4 million in 2024, showcasing strong investment in rental equipment. Despite weaker performance in the Portage Storage and TRS-RenTelco segments, overall profitability metrics like net income and operating cash flow have more than doubled.
seekingalpha.com
- 1 month ago
McGrath First Quarter Earnings and Conference Call Scheduled for April 24, 2025
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 first quarter ending March 31, 2025, after the close of regular market trading on Thursday, April 24, 2025. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on April 24, 2025, to discuss the results. The conference call may be acce.
businesswire.com
- 1 month ago
McGrath to Participate in the Sidoti Small-Cap Virtual Conference
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Sidoti Small-Cap Virtual Conference on Wednesday, March 19, 2025. ABOUT MCGRATH: McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with.
businesswire.com
- 1 month ago
McGrath RentCorp (MGRC) Q4 2024 Earnings Call Transcript
McGrath RentCorp (NASDAQ:MGRC ) Q4 2024 Earnings Conference Call February 19, 2025 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 Daniel Moore - CJS Securities Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp Fourth Quarter 2024 Earnings Call.
seekingalpha.com
- 2 months ago
McGrath (MGRC) Tops Q4 Earnings Estimates
McGrath (MGRC) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.30 per share a year ago.
zacks.com
- 2 months ago
McGrath Announces Results for Fourth Quarter 2024 and Announces 34th Annual Dividend Increase
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 December 31, 2024 of $243.7 million, an increase of 10% compared to the fourth quarter of 2023. The Company reported net income from continuing operations of $38.9 million, or $1.58 per diluted share, for the fourth quarter of 2024, compared to net income f.
businesswire.com
- 2 months ago
McGrath Celebrates 40th Listing Anniversary
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 completion of the major milestone of its 40th anniversary listed on the Nasdaq. In recognition of this milestone, McGrath will be honored by being displayed on the Nasdaq Tower in Times Square on February 11. Joe Hanna, President and CEO, remarked, “Our company crossed the 2024 finish line, marking the completion of.
businesswire.com
- 2 months ago
McGrath Appoints Philip B. Hawkins to Chief Operating Officer
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, a leading business-to-business rental company in North America, today announced the appointment of Philip B. Hawkins to Chief Operating Officer (COO). Joe Hanna, CEO stated, “I am very pleased to announce the promotion of Phil Hawkins to the position of Chief Operating Officer (COO). In this role, Phil will continue to oversee our Mobi.
businesswire.com
- 3 months ago
McGrath to Present at CJS Securities 25th Annual New Ideas for the New Year Conference
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP and Chief Financial Officer, will present at the CJS Securities 25th Annual New Ideas for the New Year Conference on Tuesday, January 14, 2025. The Company will be presenting at 1:35 p.m. ET. A simultaneous webcast and presentation slides will be available in.
businesswire.com
- 3 months ago
McGrath RentCorp: Modular Segment Should Lead Growth Ahead
McGrath RentCorp faces near-term softness due to weak demand but expects growth from the modular segment. Despite challenges in Portable Storage and TRS segments, disciplined cost management and strong pricing in Mobile Modular should drive margin expansion in FY24. Long-term prospects are promising due to infrastructure investments and market expansion, making the stock a decent buy at current levels.
seekingalpha.com
- 4 months 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 ending December 31, 2024. The dividend will be payable on January 31, 2025 to all shareholders of record on January 17, 2025. The year 2025 marks 33 consecutive years that McGrath RentCorp has raised its dividend.
businesswire.com
- 4 months ago
McGrath to Participate in the Oppenheimer Midwest Virtual Summit
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Oppenheimer Midwest Virtual Summit on Wednesday, December 11, 2024. ABOUT MCGRATH: McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America wit.
businesswire.com
- 4 months ago
8. Profile
Summary
McGrath RentCorp MGRC
COUNTRY
US
INDUSTRY
Rental & Leasing Services
MARKET CAP
$ 2.5 B
Dividend Yield
0.42%
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
1219
Officers
Mr. John P. Skenesky
Vice President & Division Manager of TRS-RenTelco
Mr. Joseph F. Hanna
President, Chief Executive Officer & Director
Ms. Kristina Van Trease-Whitney
Senior Vice President & Chief Strategy Officer
Mr. David M. Whitney CPA
Senior Vice President & Chief Accounting Officer
Ms. Gilda Malek J.D.
Senior Vice President, Chief Legal Officer & Corporate Secretary
Mr. Philip B. Hawkins
Executive Vice President & Chief Operating Officer
Mr. Keith E. Pratt
Executive Vice President, Chief Financial Officer & Assistant Corporate Secretary
Ms. Tara Wescott
Senior Vice President & Chief Human Resources Officer