McGrath RentCorp (MGRC) Receives Media Impact Score of 0.27

Media headlines about McGrath RentCorp (NASDAQ:MGRC) have been trending positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. McGrath RentCorp earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 44.8058624935361 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

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Shares of MGRC stock traded up $0.28 during mid-day trading on Tuesday, reaching $53.15. 88,981 shares of the stock traded hands, compared to its average volume of 98,617. McGrath RentCorp has a 1-year low of $32.09 and a 1-year high of $55.65. The firm has a market capitalization of $1,291.35, a price-to-earnings ratio of 24.84, a PEG ratio of 1.99 and a beta of 0.83.

McGrath RentCorp (NASDAQ:MGRC) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.13. McGrath RentCorp had a return on equity of 11.85% and a net margin of 33.31%. The firm had revenue of $122.23 million for the quarter, compared to analyst estimates of $109.77 million. During the same period last year, the firm posted $0.40 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. analysts forecast that McGrath RentCorp will post 2.7 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.56%. This is a positive change from McGrath RentCorp’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, April 13th. McGrath RentCorp’s dividend payout ratio (DPR) is presently 48.60%.

Several analysts recently weighed in on MGRC shares. BidaskClub lowered McGrath RentCorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Zacks Investment Research lowered McGrath RentCorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine raised McGrath RentCorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.

In other news, VP John P. Skenesky sold 4,265 shares of McGrath RentCorp stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $50.98, for a total transaction of $217,429.70. Following the sale, the vice president now directly owns 7,722 shares of the company’s stock, valued at $393,667.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Trease Kristina Van sold 5,170 shares of McGrath RentCorp stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $52.82, for a total value of $273,079.40. Following the sale, the vice president now directly owns 14,131 shares in the company, valued at $746,399.42. The disclosure for this sale can be found here. Insiders have sold 21,390 shares of company stock worth $1,089,232 over the last three months. Insiders own 4.60% of the company’s stock.

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About McGrath RentCorp

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.

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

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