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McGrath RentCorp (MGRC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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86.08+3.96 (+4.82%)
At close: 4:00PM EDT

86.08 0.00 (0.00%)
After hours: 4:01PM EDT

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Previous Close82.12
Open83.26
Bid50.10 x 800
Ask86.14 x 800
Day's Range83.14 - 86.21
52 Week Range49.37 - 86.76
Volume101,627
Avg. Volume84,683
Market Cap2.085B
Beta (5Y Monthly)0.99
PE Ratio (TTM)21.19
EPS (TTM)4.06
Earnings DateJul 27, 2021 - Aug 02, 2021
Forward Dividend & Yield1.74 (2.02%)
Ex-Dividend DateApr 14, 2021
1y Target Est95.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-19% Est. Return
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  • McGrath RentCorp to Snap up Design Space Modular Buildings for $260M
    SmarterAnalyst

    McGrath RentCorp to Snap up Design Space Modular Buildings for $260M

    Business-to-business rental company McGrath RentCorp (MGRC) has agreed to acquire Design Space Modular Buildings PNW for a total cash consideration of $260 million. McGrath RentCorp estimates the acquisition to be accretive to its bottom line and free cash flow upon closing. It expects the transaction to close in Q2 2021. Design Space provides modular building and portable storage in the Western U.S. through 15 branches. The company has a rental fleet of about 6,400 units with a total initial cost of $140 million. Over the 12 months ended December 2020, Design Space generated total revenue of $81 million and EBITDA of $32 million. McGrath RentCorp President and CEO Joe Hanna said, “The acquisition of Design Space is highly complementary to our modular building rental business. This strategic initiative accelerates our expansion into attractive new geographies.” (See McGrath RentCorp stock analysis on TipRanks) Hanna added, “With our available capital and combined sales and operational resources, we look forward to building on Design Space’s success and achieving future growth together.” Notably, the acquisition expands the footprint of McGrath RentCorp in the Western U.S. and positions it for growth synergies and cost optimization, the company said. On May 5, Oppenheimer analyst Scott Schneeberger reiterated a Buy rating on the stock with a $90 price target (9.6% upside potential). During Oppenheimer’s 16th Annual Industrial Growth Conference, McGrath RentCorp’s top brass highlighted the resilience of the business amid the COVID-19 pandemic, margin expansion in its Mobile Modular segment, enhanced foodservice ability on the back of its recent Kitchen to Go acquisition, and multiyear growth potential in its TRS-RenTelco segment driven by Specialty Rental equipment for 5G implementation. Shares have gained about 64% over the past year. Related News: Tesla Autopilot Software Update Coming Soon, Stock Down 4.42% U.S. Navy Taps Lockheed Martin And IFS For Digital Transformation Electronic Arts Delivers Impressive FY21 Results, Announces Dividend More recent articles from Smarter Analyst: Floor & Decor Inks $90M Deal To Snap Up Spartan Surfaces Nucor To Buy Back $3B In Stock; Shares Pop 5% Selecta Biosciences Swings to a Q1 Loss; Shares Fall 2% Disney Delivers Mixed Results In Second Quarter; Street Says Buy

  • McGrath RentCorp to Acquire Design Space Modular Buildings
    Business Wire

    McGrath RentCorp to Acquire Design Space Modular Buildings

    McGrath RentCorp today announced that it has signed a definitive agreement under which it will acquire Design Space Modular Buildings PNW, LP ("Design Space"), for a cash purchase price of $260 million, subject to certain adjustments. The transaction is expected to be accretive to EPS and free cash flow upon close.

  • McGrath RentCorp's (NASDAQ:MGRC) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
    Simply Wall St.

    McGrath RentCorp's (NASDAQ:MGRC) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

    McGrath RentCorp (NASDAQ:MGRC) has had a great run on the share market with its stock up by a significant 14% over the...