McGrath RentCorp: Modular Momentum, But Merger Muddles Outlook (Rating Downgrade) [Seeking Alpha]
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
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US:NASDAQ Investor Relations:
mgrc.com/investors
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Source: Seeking Alpha
McGrath RentCorp's Mobile Modular segment shows strong growth, but the TRS-RenTelco and Portable Storage segments are weak, impacting overall performance. The pending merger with WillScot Mobile Mini presents risks, including regulatory scrutiny, increased debt, and uncertain synergies. Despite solid fundamentals and long-term growth, McGrath's current valuation and mixed performance make it a 'Hold' rather than a 'Buy'. Existing shareholders should wait to see how the merger plays out before making further investment decisions. FooTToo/iStock via Getty Images Thesis On July 28, 2023, I began coverage of McGrath RentCorp ( NASDAQ: MGRC with a 'Buy' rating and analysis discussing how Q2 earnings indicated the Mobile Modular segment and the Vesta acquisition were able to hit targets. While TRS-RenTelco had some weakness due to lower semiconductor demand, I thought that the revenue growth and increased EBITDA pointed to better things ahead, and the valuation metrics and fina
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MGRC
News
- McGrath RentCorp (NASDAQ: MGRC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- McGrath Declares Quarterly DividendBusiness Wire
- McGrath RentCorp (NASDAQ: MGRC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- McGrath RentCorp (NASDAQ: MGRC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- McGrath RentCorp (NASDAQ: MGRC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
MGRC
Earnings
- 7/25/24 - Miss
MGRC
Sec Filings
- 8/5/24 - Form 4
- 8/2/24 - Form 8-K
- 7/25/24 - Form 10-Q
- MGRC's page on the SEC website