Media headlines about McGrath RentCorp (NASDAQ:MGRC) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. McGrath RentCorp earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.7492085422294 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

McGrath RentCorp (MGRC) opened at $47.92 on Thursday. The firm has a market cap of $1,160.00, a P/E ratio of 25.22, a PEG ratio of 2.19 and a beta of 1.02. McGrath RentCorp has a 1-year low of $32.09 and a 1-year high of $49.66.

McGrath RentCorp (NASDAQ:MGRC) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.12. The company had revenue of $135.39 million during the quarter, compared to analysts’ expectations of $124.90 million. McGrath RentCorp had a net margin of 10.32% and a return on equity of 11.44%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. equities research analysts expect that McGrath RentCorp will post 2.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, January 16th. McGrath RentCorp’s dividend payout ratio (DPR) is presently 54.74%.

MGRC has been the subject of a number of analyst reports. Zacks Investment Research cut shares of McGrath RentCorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Oppenheimer restated a “hold” rating on shares of McGrath RentCorp in a report on Wednesday, November 1st. ValuEngine cut shares of McGrath RentCorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub cut shares of McGrath RentCorp from a “hold” rating to a “sell” rating in a report on Thursday, December 14th.

In other news, VP Keith E. Pratt sold 1,213 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $46.52, for a total value of $56,428.76. Following the completion of the transaction, the vice president now owns 25,382 shares in the company, valued at $1,180,770.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Dawson sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $47.83, for a total transaction of $191,320.00. Following the completion of the transaction, the director now owns 15,543 shares of the company’s stock, valued at approximately $743,421.69. The disclosure for this sale can be found here. Insiders sold 13,159 shares of company stock valued at $628,935 in the last quarter. Corporate insiders own 4.60% of the company’s stock.

WARNING: “McGrath RentCorp (MGRC) Getting Somewhat Favorable Media Coverage, Study Shows” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.watchlistnews.com/mcgrath-rentcorp-mgrc-getting-somewhat-favorable-media-coverage-study-shows/1802522.html.

McGrath RentCorp Company Profile

McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex).

Insider Buying and Selling by Quarter for McGrath RentCorp (NASDAQ:MGRC)

Receive News & Ratings for McGrath RentCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McGrath RentCorp and related companies with MarketBeat.com's FREE daily email newsletter.