For its third fiscal quarter (ending September 30), McGrath RentCorp (NASDAQ: MGRC) has reported a 268% increase in E.P.S. from $1.65 a year ago to $6.08 in the current quarter. E.P.S. were $9.17 for the latest four quarters through September 30 versus $4.70 for the same period a year ago — an increase of 95%.
Recent Price Action
McGrath RentCorp (NASDAQ: MGRC) stock declined slightly by -1.0% on 10/24/24. The stock closed at $105.22. This decline was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months and has declined -3.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MGRC is expected to continue to be an important Value Builder.
McGrath RentCorp has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. McGrath RentCorp has a neutral Appreciation Score of 47 and a slightly negative Power Rating of 38, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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