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Stock market today: World shares mostly lower as Congress averts a US government shutdown
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
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How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: World shares mostly lower as Congress averts a US government shutdown
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Facing increasing pressure from customers, some miners are switching to renewable energy
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: World shares mostly lower as Congress averts a US government shutdown
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Facing increasing pressure from customers, some miners are switching to renewable energy
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: World shares mostly lower as Congress averts a US government shutdown
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Federal student loan payments are starting again. Here's what you need to know
Facing increasing pressure from customers, some miners are switching to renewable energy
How is This "Hidden Gem" Thriving in a Turbulent Market? (Ad)
Grant program for Black women entrepreneurs blocked by federal appeals court
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
NASDAQ:MGRC

McGrath RentCorp (MGRC) Stock Forecast, Price & News

$100.24
-1.17 (-1.15%)
(As of 09/29/2023 08:53 PM ET)
Compare
Today's Range
$99.42
$102.39
50-Day Range
$91.22
$103.25
52-Week Range
$82.01
$111.70
Volume
112,200 shs
Average Volume
117,369 shs
Market Capitalization
$2.45 billion
P/E Ratio
14.24
Dividend Yield
1.86%
Price Target
$120.50

McGrath RentCorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.2% Upside
$120.50 Price Target
Short Interest
Healthy
0.73% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.06
Upright™ Environmental Score
News Sentiment
0.62mentions of McGrath RentCorp in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$301,477 Sold Last Quarter
Proj. Earnings Growth
8.11%
From $4.81 to $5.20 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Finance Sector

299th out of 873 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

6th out of 12 stocks


MGRC stock logo

About McGrath RentCorp (NASDAQ:MGRC) Stock

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The company operates through Mobile Modular, TRS-RenTelco, and Enviroplex segments. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is based in Livermore, California.

MGRC Price History

MGRC Stock News Headlines

Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
McGrath Announces Results for Second Quarter 2023
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Q2 2023 McGrath RentCorp Earnings Call
Earnings Preview For McGrath RentCorp
McGrath Announces Results for First Quarter 2023
See More Headlines
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MGRC Company Calendar

Ex-Dividend for 7/31 Dividend
7/14/2023
Last Earnings
7/27/2023
Dividend Payable
7/31/2023
Today
10/02/2023
Ex-Dividend for 10/31 Dividend
10/16/2023
Next Earnings (Confirmed)
10/26/2023
Dividend Payable
10/31/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
Diversified Support Services
Sector
Finance
Current Symbol
NASDAQ:MGRC
CUSIP
58058910
Employees
1,218
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$120.50
High Stock Price Forecast
$127.00
Low Stock Price Forecast
$114.00
Forecasted Upside/Downside
+20.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$115.14 million
Pretax Margin
18.83%

Debt

Sales & Book Value

Annual Sales
$733.82 million
Cash Flow
$9.29 per share
Book Value
$32.97 per share

Miscellaneous

Free Float
24,093,000
Market Cap
$2.45 billion
Optionable
Optionable
Beta
0.77
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Key Executives

  • Mr. Joseph F. Hanna (Age 60)
    Pres, CEO & Director
    Comp: $1.77M
  • Mr. Keith E. Pratt (Age 60)
    Exec. VP, CFO & Assistant Corp. Sec.
    Comp: $909.24k
  • Mr. Philip B. Hawkins (Age 47)
    Sr. VP & Division Mang. of Mobile Modular
    Comp: $590.17k
  • Ms. Kristina Van Trease-Whitney (Age 53)
    Sr. VP of Strategy and Bus. Devel.
    Comp: $602.27k
  • Mr. David M. Whitney (Age 58)
    VP, Corp. Controller & Principal Accounting Officer
  • Ms. Gilda Malek J.D.
    VP, Gen. Counsel & Corp. Sec.
  • Ms. Tara Wescott (Age 49)
    VP of HR
  • Mr. John P. Skenesky (Age 56)
    VP & Division Mang. of TRS-RenTelco
  • Mr. Stuart Templeton Porter (Age 51)
    VP of Adler Tank Rentals













MGRC Stock - Frequently Asked Questions

Should I buy or sell McGrath RentCorp stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGRC shares.
View MGRC analyst ratings
or view top-rated stocks.

What is McGrath RentCorp's stock price forecast for 2023?

2 brokerages have issued 12-month price targets for McGrath RentCorp's shares. Their MGRC share price forecasts range from $114.00 to $127.00. On average, they predict the company's stock price to reach $120.50 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price.
View analysts price targets for MGRC
or view top-rated stocks among Wall Street analysts.

How have MGRC shares performed in 2023?

McGrath RentCorp's stock was trading at $98.74 at the start of the year. Since then, MGRC shares have increased by 1.5% and is now trading at $100.24.
View the best growth stocks for 2023 here
.

When is McGrath RentCorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our MGRC earnings forecast
.

How can I listen to McGrath RentCorp's earnings call?

McGrath RentCorp will be holding an earnings conference call on Thursday, October 26th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-2567.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) announced its earnings results on Thursday, July, 27th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.18. The financial services provider earned $203.03 million during the quarter, compared to analyst estimates of $191.80 million. McGrath RentCorp had a trailing twelve-month return on equity of 14.47% and a net margin of 22.16%.

How often does McGrath RentCorp pay dividends? What is the dividend yield for McGrath RentCorp?

McGrath RentCorp declared a quarterly dividend on Friday, September 15th. Investors of record on Tuesday, October 17th will be paid a dividend of $0.465 per share on Tuesday, October 31st. This represents a $1.86 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Monday, October 16th.
Read our dividend analysis for MGRC
.

What ETFs hold McGrath RentCorp's stock?

ETFs with the largest weight of McGrath RentCorp (NASDAQ:MGRC) stock in their portfolio include Profound Medical (PRN).JPMorgan Active Small Cap Value ETF (JPSV).

Is McGrath RentCorp a good dividend stock?

McGrath RentCorp (NASDAQ:MGRC) pays an annual dividend of $1.86 per share and currently has a dividend yield of 1.86%. The company has been increasing its dividend for 31 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGRC will have a dividend payout ratio of 35.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGRC.

What guidance has McGrath RentCorp issued on next quarter's earnings?

McGrath RentCorp updated its FY 2023 earnings guidance on Friday, July, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $805.00 million-$830.00 million, compared to the consensus revenue estimate of $802.08 million.

What is Joseph F. Hanna's approval rating as McGrath RentCorp's CEO?

7 employees have rated McGrath RentCorp Chief Executive Officer Joseph F. Hanna on Glassdoor.com. Joseph F. Hanna has an approval rating of 100% among the company's employees. This puts Joseph F. Hanna in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of McGrath RentCorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other McGrath RentCorp investors own include Home Depot (HD), AbbVie (ABBV), NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), S&P Global (SPGI), AT&T (T), Intel (INTC), NextEra Energy (NEE) and Fortinet (FTNT).

What is McGrath RentCorp's stock symbol?

McGrath RentCorp trades on the NASDAQ under the ticker symbol "MGRC."

How do I buy shares of McGrath RentCorp?

Shares of MGRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is McGrath RentCorp's stock price today?

One share of MGRC stock can currently be purchased for approximately $100.24.

How much money does McGrath RentCorp make?

McGrath RentCorp (NASDAQ:MGRC) has a market capitalization of $2.45 billion and generates $733.82 million in revenue each year. The financial services provider earns $115.14 million in net income (profit) each year or $7.04 on an earnings per share basis.

How many employees does McGrath RentCorp have?

The company employs 1,218 workers across the globe.

How can I contact McGrath RentCorp?

McGrath RentCorp's mailing address is 5700 LAS POSITAS RD, LIVERMORE CA, 94551. The official website for the company is www.mgrc.com. The financial services provider can be reached via phone at (925) 606-9200, via email at investor@mgrc.com, or via fax at 925-453-3200.

This page (NASDAQ:MGRC) was last updated on 10/2/2023 by MarketBeat.com Staff

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