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Last $32.90 USD
Change Today +0.18 / 0.55%
Volume 87.8K
MGRC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

mcgrath rentcorp (MGRC) Snapshot

Open
$32.64
Previous Close
$32.72
Day High
$32.94
Day Low
$32.64
52 Week High
11/13/14 - $38.79
52 Week Low
05/1/14 - $29.02
Market Cap
857.1M
Average Volume 10 Days
147.1K
EPS TTM
$1.51
Shares Outstanding
26.1M
EX-Date
04/14/15
P/E TM
21.8x
Dividend
$1.00
Dividend Yield
2.98%
Current Stock Chart for MCGRATH RENTCORP (MGRC)

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mcgrath rentcorp (MGRC) Details

McGrath RentCorp, a business to business rental company, engages in the rental and sale of relocatable modular buildings, 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. 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 space, 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 for aerospace, defense, communications, manufacturing, and semiconductor industries. This segment also provides communications test equipment comprising network and transmission test equipment for various fiber, copper, and wireless networks to manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tanks segment is involved in the rental of fixed axle steel tanks for the storage of groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials, and for on-site storage or transportation of materials off-site; dewatering boxes for 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 modular and portable classrooms directly to public school districts and other educational institutions in California. McGrath RentCorp was founded in 1979 and is headquartered in Livermore, California.

995 Employees
Last Reported Date: 02/26/15
Founded in 1979

mcgrath rentcorp (MGRC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $337.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $335.0K
Chief Administrative Officer, Senior Vice Pre...
Total Annual Compensation: $260.0K
Vice President of Mobile Modular and Division...
Total Annual Compensation: $221.0K
Compensation as of Fiscal Year 2013.

mcgrath rentcorp (MGRC) Key Developments

McGrath Rentcorp Declares Quarterly Cash Dividend, Payable on April 30, 2015; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year 2015

McGrath Rentcorp announced that the board of directors declared a quarterly cash dividend of $0.25 per share for the quarter ending March 31, 2015, an increase of 2% over the prior year period. On an annualized basis, the 2015 dividend represents a 3.2% yield, based on the February 25, 2015 closing stock price. The cash dividend will be payable on April 30, 2015 to all shareholders of record on April 16, 2015. The company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenues of $111,792,000 compared to $94,772,000 a year ago. Income from operations was $26,796,000 compared to $21,678,000 a year ago. Income before provision for income taxes was $24,222,000 compared to $19,341,000 a year ago. Net income was $13,887,000 or $0.53 per diluted share compared to $11,761,000 or $0.45 per diluted share a year ago. Adjusted EBITDA was $48,164,000 compared to $41,570,000 a year ago. Net cash provided by operating activities was $38,023,000 compared to $33,726,000 a year ago. For the year, the company reported total revenues of $408,122,000 compared to $379,509,000 a year ago. Income from operations was $85,360,000 compared to $80,250,000 a year ago. Income before provision for income taxes was $76,561,000 compared to $71,374,000 a year ago. Net income was $45,709,000 or $1.75 per diluted share compared to $43,397,000 or $1.67 per diluted share a year ago. Net cash provided by operating activities was $122,986,000 compared to $133,643,000 a year ago. Purchase of property, plant and equipment was $12,740,000 compared to $11,973,000 a year ago. Purchase of rental equipment was $152,197,000 compared to $132,611,000 a year ago. Adjusted EBITDA was $170,820,000 compared to $160,590,000 a year ago. The company expects 2015 full-year earnings per share to be in a range of $1.75 to $1.95 per diluted share. For the full-year 2015, the company expects 6% to 11% growth in rental revenues over 2014. Sales revenue is expected to be approximately 10% lower than 2014. Rental equipment depreciation expense is expected to increase to between $76 and $79 million, driven by rental fleet growth. Full year interest expense is expected to be between $10 and $11 million. The Company expects the 2015 effective tax rate to be 39.5%.

McGrath Rentcorp to Report Q4, 2014 Results on Feb 26, 2015

McGrath Rentcorp announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Feb 26, 2015

McGrath Rentcorp, Q4 2014 Earnings Call, Feb 26, 2015

McGrath Rentcorp, Q4 2014 Earnings Call, Feb 26, 2015

 

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MGRC:US $32.90 USD +0.18

MGRC Competitors

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Industry Analysis

MGRC

Industry Average

Valuation MGRC Industry Range
Price/Earnings 18.7x
Price/Sales 2.1x
Price/Book 2.0x
Price/Cash Flow 18.6x
TEV/Sales 1.3x
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