News headlines about McGrath RentCorp (NASDAQ:MGRC) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. McGrath RentCorp earned a news impact score of 0.09 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.00456853756 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
McGrath RentCorp traded down $0.29, reaching $63.93, on Monday, according to Marketbeat Ratings. The stock had a trading volume of 1,064 shares, compared to its average volume of 143,548. McGrath RentCorp has a fifty-two week low of $32.94 and a fifty-two week high of $68.79. The stock has a market cap of $1.55 billion, a PE ratio of 30.00, a PEG ratio of 2.35 and a beta of 0.83.
McGrath RentCorp (NASDAQ:MGRC) last issued its earnings results on Tuesday, May 1st. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.12. McGrath RentCorp had a return on equity of 11.81% and a net margin of 33.97%. The business had revenue of $105.09 million during the quarter, compared to analysts’ expectations of $99.92 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities analysts forecast that McGrath RentCorp will post 2.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 17th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Monday, July 16th. This represents a $1.36 dividend on an annualized basis and a yield of 2.13%. McGrath RentCorp’s payout ratio is presently 63.55%.
A number of equities analysts have issued reports on the company. BidaskClub cut McGrath RentCorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. ValuEngine raised McGrath RentCorp from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.
In other news, CFO Keith E. Pratt sold 2,840 shares of the stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $65.52, for a total value of $186,076.80. Following the completion of the sale, the chief financial officer now owns 25,382 shares of the company’s stock, valued at $1,663,028.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William J. Dawson sold 4,843 shares of the stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $60.74, for a total value of $294,163.82. Following the completion of the sale, the director now directly owns 13,900 shares of the company’s stock, valued at approximately $844,286. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,185 shares of company stock valued at $2,055,148. Insiders own 2.00% of the company’s stock.
McGrath RentCorp Company Profile
McGrath RentCorp, a business to business rental company, rents and sells relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes in the United States and internationally. It operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex.
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