Is McGrath RentCorp Stock a Good Investment?
McGrath RentCorp Investment Advice | MGRC |
- Examine McGrath RentCorp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research McGrath RentCorp's leadership team and their track record. Good management can help McGrath RentCorp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Commercial Services & Supplies space and any emerging trends that could impact McGrath RentCorp's business and its evolving consumer preferences.
- Compare McGrath RentCorp's performance and market position to its competitors. Analyze how McGrath RentCorp is positioned in terms of product offerings, innovation, and market share.
- Check if McGrath RentCorp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about McGrath RentCorp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in McGrath RentCorp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if McGrath RentCorp is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine McGrath RentCorp Stock
Researching McGrath RentCorp's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 88.0% of the company shares are owned by institutional investors. The book value of McGrath RentCorp was now reported as 44.56. The company has Price/Earnings To Growth (PEG) ratio of 1.55. McGrath RentCorp recorded earning per share (EPS) of 9.15. The entity last dividend was issued on the 17th of October 2024. The firm had 2:1 split on the 28th of March 2005.
To determine if McGrath RentCorp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding McGrath RentCorp's research are outlined below:
| Over 88.0% of the company shares are owned by institutional investors | |
| On 31st of October 2024 McGrath RentCorp paid $ 0.475 per share dividend to its current shareholders | |
| Latest headline from investing.com: McGrath RentCorp CEO Joseph Hanna sells 2.4m in stock |
McGrath RentCorp Quarterly Cash And Short Term Investments |
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McGrath RentCorp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in McGrath RentCorp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to McGrath RentCorp's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 28th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 28th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact McGrath RentCorp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises McGrath RentCorp's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2002-10-23 | 2002-09-30 | 0.3 | 0.27 | -0.03 | 10 | ||
2002-08-08 | 2002-06-30 | 0.24 | 0.21 | -0.03 | 12 | ||
2016-08-02 | 2016-06-30 | 0.34 | 0.38 | 0.04 | 11 | ||
2006-08-03 | 2006-06-30 | 0.38 | 0.34 | -0.04 | 10 | ||
2017-05-02 | 2017-03-31 | 0.28 | 0.33 | 0.05 | 17 | ||
2013-02-21 | 2012-12-31 | 0.42 | 0.47 | 0.05 | 11 | ||
2009-11-05 | 2009-09-30 | 0.35 | 0.4 | 0.05 | 14 | ||
2008-05-08 | 2008-03-31 | 0.38 | 0.43 | 0.05 | 13 |
Know McGrath RentCorp's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as McGrath RentCorp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading McGrath RentCorp backward and forwards among themselves. McGrath RentCorp's institutional investor refers to the entity that pools money to purchase McGrath RentCorp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2024-09-30 | 578.3 K | Capital Research Global Investors | 2024-09-30 | 539.3 K | Alliancebernstein L.p. | 2024-06-30 | 526.2 K | Magnetar Financial Llc | 2024-09-30 | 504.3 K | Vaughan Nelson Scarbrgh & Mccullough Lp | 2024-06-30 | 486.2 K | Cnh Partners, Llc | 2024-06-30 | 442.3 K | Hawk Ridge Management Llc | 2024-09-30 | 436.1 K | Snyder Capital Management Lp | 2024-09-30 | 319.3 K | Silvercrest Asset Management Group Llc | 2024-06-30 | 308.5 K | Vanguard Group Inc | 2024-09-30 | 2.7 M | Blackrock Inc | 2024-06-30 | 1.9 M |
McGrath RentCorp's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.97 B.Market Cap |
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McGrath RentCorp's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.10 | 0.08 | |
| Return On Capital Employed | 0.09 | 0.17 | |
| Return On Assets | 0.08 | 0.07 | |
| Return On Equity | 0.19 | 0.19 |
Determining McGrath RentCorp's profitability involves analyzing its financial statements and using various financial metrics to determine if McGrath RentCorp is a good buy. For example, gross profit margin measures McGrath RentCorp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of McGrath RentCorp's profitability and make more informed investment decisions.
Please note, the presentation of McGrath RentCorp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, McGrath RentCorp's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of McGrath RentCorp's management manipulating its earnings.
Evaluate McGrath RentCorp's management efficiency
McGrath RentCorp has return on total asset (ROA) of 0.0667 % which means that it generated a profit of $0.0667 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2242 %, meaning that it created $0.2242 on every $100 dollars invested by stockholders. McGrath RentCorp's management efficiency ratios could be used to measure how well McGrath RentCorp manages its routine affairs as well as how well it operates its assets and liabilities. At present, McGrath RentCorp's Return On Equity is projected to increase slightly based on the last few years of reporting. At present, McGrath RentCorp's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 92.4 M, whereas Net Tangible Assets are forecasted to decline to about 506.2 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 38.16 | 40.07 | |
| Tangible Book Value Per Share | 22.31 | 23.43 | |
| Enterprise Value Over EBITDA | 12.32 | 12.94 | |
| Price Book Value Ratio | 3.13 | 1.93 | |
| Enterprise Value Multiple | 12.32 | 12.94 | |
| Price Fair Value | 3.13 | 1.93 | |
| Enterprise Value | 1.7 B | 1.7 B |
The strategic initiatives led by McGrath RentCorp's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Dividend Yield 0.0157 | Forward Dividend Yield 0.0157 | Forward Dividend Rate 1.9 | Beta 0.731 |
Basic technical analysis of McGrath Stock
As of the 25th of November, McGrath RentCorp secures the risk adjusted performance of 0.0939, and Mean Deviation of 1.38. Concerning fundamental indicators, the technical analysis model lets you check available technical drivers of McGrath RentCorp, as well as the relationship between them.McGrath RentCorp's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific McGrath RentCorp insiders, such as employees or executives, is commonly permitted as long as it does not rely on McGrath RentCorp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases McGrath RentCorp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
McGrath RentCorp's Outstanding Corporate Bonds
McGrath RentCorp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. McGrath RentCorp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most McGrath bonds can be classified according to their maturity, which is the date when McGrath RentCorp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand McGrath RentCorp's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing McGrath RentCorp's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0939 | |||
| Market Risk Adjusted Performance | 0.2701 | |||
| Mean Deviation | 1.38 | |||
| Semi Deviation | 1.53 | |||
| Downside Deviation | 1.81 | |||
| Coefficient Of Variation | 873.74 | |||
| Standard Deviation | 1.98 | |||
| Variance | 3.93 | |||
| Information Ratio | 0.0485 | |||
| Jensen Alpha | 0.1161 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0532 | |||
| Treynor Ratio | 0.2601 | |||
| Maximum Drawdown | 11.62 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.07 | |||
| Downside Variance | 3.26 | |||
| Semi Variance | 2.34 | |||
| Expected Short fall | (1.41) | |||
| Skewness | 1.1 | |||
| Kurtosis | 4.02 |
| Risk Adjusted Performance | 0.0939 | |||
| Market Risk Adjusted Performance | 0.2701 | |||
| Mean Deviation | 1.38 | |||
| Semi Deviation | 1.53 | |||
| Downside Deviation | 1.81 | |||
| Coefficient Of Variation | 873.74 | |||
| Standard Deviation | 1.98 | |||
| Variance | 3.93 | |||
| Information Ratio | 0.0485 | |||
| Jensen Alpha | 0.1161 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0532 | |||
| Treynor Ratio | 0.2601 | |||
| Maximum Drawdown | 11.62 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.07 | |||
| Downside Variance | 3.26 | |||
| Semi Variance | 2.34 | |||
| Expected Short fall | (1.41) | |||
| Skewness | 1.1 | |||
| Kurtosis | 4.02 |
Consider McGrath RentCorp's intraday indicators
McGrath RentCorp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of McGrath RentCorp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
McGrath RentCorp Corporate Filings
F4 | 7th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 31st of October 2024 Other Reports | ViewVerify | |
| 30th of October 2024 Other Reports | ViewVerify | |
8K | 24th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
McGrath Stock media impact
Far too much social signal, news, headlines, and media speculation about McGrath RentCorp that are available to investors today. That information is available publicly through McGrath media outlets and privately through word of mouth or via McGrath internal channels. However, regardless of the origin, that massive amount of McGrath data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of McGrath RentCorp news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of McGrath RentCorp relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to McGrath RentCorp's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive McGrath RentCorp alpha.
McGrath RentCorp Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards McGrath RentCorp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
McGrath RentCorp Corporate Management
| David CPA | Corporate VP | Profile | |
| Gilda JD | General VP | Profile | |
| Kristina TreaseWhitney | Senior Development | Profile | |
| Tara Wescott | Vice Resources | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of McGrath RentCorp. If investors know McGrath will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about McGrath RentCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.688 | Dividend Share 1.89 | Earnings Share 9.15 | Revenue Per Share 36.237 | Quarterly Revenue Growth 0.095 |
The market value of McGrath RentCorp is measured differently than its book value, which is the value of McGrath that is recorded on the company's balance sheet. Investors also form their own opinion of McGrath RentCorp's value that differs from its market value or its book value, called intrinsic value, which is McGrath RentCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because McGrath RentCorp's market value can be influenced by many factors that don't directly affect McGrath RentCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between McGrath RentCorp's value and its price, as these two are different measures arrived at by various means. Investors typically determine if McGrath RentCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McGrath RentCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.