Mcgrath Rentcorp MGRC
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Mcgrath Rentcorp (MGRC) Business Model and Operations Summary
McGrath RentCorp is a rental company. It is comprised of four reportable business segments namely Modular building segment (Mobile Modular); Portable storage container segment (Portable Storage); Electronic test equipment segment (TRS-RenTelco); and its classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.
Key Insights
Mcgrath Rentcorp (MGRC) Core Market Data and Business Metrics
Latest Closing Price
$112.4Market Cap
$2.76 BillionPrice-Earnings Ratio
11.92Total Outstanding Shares
24.55 Million SharesTotal Employees
1,219Dividend
$0.48 Per Share QuarterlyIPO Date
November 13, 1984SIC Description
Services-equipment Rental & Leasing, NecPrimary Exchange
NASDAQHeadquarters
5700 Las Positas Rd, Livermore, CA, 94551
Historical Stock Splits
If you bought 1 share of MGRC before March 28, 2005, you'd have 2 shares today.
| Execution Date | Split Amount |
|---|---|
| March 28, 2005 | 2-for-1 |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities | $374.38 Million |
| Net Cash Flow From Investing Activities, Continuing | $-150.75 Million |
| Net Cash Flow From Operating Activities, Continuing | $374.38 Million |
| Net Cash Flow From Investing Activities | $-150.75 Million |
| Net Cash Flow | $-70,000 |
| Net Cash Flow, Continuing | $-70,000 |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Gross Profit | $435.42 Million |
| Income Tax Expense/Benefit, Current | $43.35 Million |
| Selling, General, and Administrative Expenses | $200.43 Million |
| Diluted Average Shares | $24.57 Million |
| Income/Loss From Continuing Operations Before Tax | $313.65 Million |
| Interest Income/Expense After Provision For Losses | $47.24 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Parent | $231.73 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Comprehensive Income/Loss | $231.73 Million |
| Other Comprehensive Income/Loss | $0 |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Inventory | $14.30 Million |
| Equity | $1.12 Billion |
| Assets | $2.28 Billion |
| Fixed Assets | $182.34 Million |
| Current Liabilities | $1.15 Billion |
| Noncurrent Liabilities | $0 |
Historical Dividends
Current dividend: $0.48 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 19, 2025 | Apr 30, 2025 | Apr 16, 2025 | $0.485 | Quarterly |
| Dec 12, 2024 | Jan 31, 2025 | Jan 17, 2025 | $0.475 | Quarterly |
| Sep 9, 2024 | Oct 31, 2024 | Oct 17, 2024 | $0.475 | Quarterly |
| Jun 5, 2024 | Jul 31, 2024 | Jul 17, 2024 | $0.475 | Quarterly |
| Feb 21, 2024 | Apr 30, 2024 | Apr 16, 2024 | $0.475 | Quarterly |
| Dec 7, 2023 | Jan 31, 2024 | Jan 17, 2024 | $0.465 | Quarterly |