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NASDAQ:MGRC

McGrath RentCorp (MGRC) Stock Price, News & Analysis

$124.90
+0.08 (+0.06%)
(As of 02/23/2024 ET)
Today's Range
$124.40
$125.73
50-Day Range
$109.11
$130.11
52-Week Range
$85.63
$130.86
Volume
240,423 shs
Average Volume
389,157 shs
Market Capitalization
$3.06 billion
P/E Ratio
17.54
Dividend Yield
1.49%
Price Target
$116.00

McGrath RentCorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.2% Downside
$116.00 Price Target
Short Interest
Healthy
1.79% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.88
Upright™ Environmental Score
News Sentiment
0.23mentions of McGrath RentCorp in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.83%
From $5.41 to $6.05 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.14 out of 5 stars

Finance Sector

282nd out of 858 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

3rd out of 12 stocks


MGRC stock logo

About McGrath RentCorp Stock (NASDAQ:MGRC)

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 Stock Price History

MGRC Stock News Headlines

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Get access to significant growth potential in a rapidly scaling biopharma market
Q4 2023 McGrath RentCorp Earnings Call
McGrath RentCorp declares $0.475 dividend
Discover Lexagene - Open to Accredited Investors Only
Get access to significant growth potential in a rapidly scaling biopharma market
McGrath RentCorp Q4 2023 Earnings Preview
MGRC Jun 2024 110.000 call
MGRC Mar 2024 120.000 call
McGrath RentCorp (MGRC) to Release Earnings on Wednesday
WillScot's Offer Undervalues McGrath
McGrath RentCorp
See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
1/16/2024
Dividend Payable
1/31/2024
Last Earnings
2/21/2024
Today
2/23/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$116.00
High Stock Price Target
$116.00
Low Stock Price Target
$116.00
Potential Upside/Downside
-7.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$115.14 million
Pretax Margin
20.19%

Debt

Sales & Book Value

Annual Sales
$831.84 million
Cash Flow
$9.15 per share
Book Value
$32.97 per share

Miscellaneous

Free Float
24,097,000
Market Cap
$3.06 billion
Optionable
Optionable
Beta
0.83
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Key Executives















MGRC Stock Analysis - Frequently Asked Questions

Should I buy or sell McGrath RentCorp stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MGRC shares.
View MGRC analyst ratings
or view top-rated stocks.

What is McGrath RentCorp's stock price target for 2024?

1 Wall Street research analysts have issued 1 year price targets for McGrath RentCorp's stock. Their MGRC share price targets range from $116.00 to $116.00. On average, they predict the company's share price to reach $116.00 in the next year. This suggests that the stock has a possible downside of 7.2%.
View analysts price targets for MGRC
or view top-rated stocks among Wall Street analysts.

How have MGRC shares performed in 2024?

McGrath RentCorp's stock was trading at $119.62 at the start of the year. Since then, MGRC stock has increased by 4.4% and is now trading at $124.94.
View the best growth stocks for 2024 here
.

Are investors shorting McGrath RentCorp?

McGrath RentCorp saw a increase in short interest in January. As of January 31st, there was short interest totaling 437,400 shares, an increase of 15.4% from the January 15th total of 379,000 shares. Based on an average trading volume of 208,300 shares, the short-interest ratio is currently 2.1 days.
View McGrath RentCorp's Short Interest
.

When is McGrath RentCorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MGRC earnings forecast
.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) posted its quarterly earnings data on Wednesday, February, 21st. The financial services provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.37 by $0.07. The financial services provider had revenue of $221.59 million for the quarter, compared to the consensus estimate of $214.43 million. McGrath RentCorp had a net margin of 20.99% and a trailing twelve-month return on equity of 13.82%.

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

McGrath RentCorp announced a quarterly dividend on Wednesday, February 21st. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.475 per share on Tuesday, April 30th. This represents a $1.90 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, April 15th. This is a positive change from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for MGRC
.

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 1.47%. The company has been increasing its dividend for 32 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGRC will have a dividend payout ratio of 30.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGRC.

What ETF holds McGrath RentCorp's stock ?

JPMorgan Active Small Cap Value ETF holds 1,369 shares of MGRC stock, representing 1.17% of its portfolio.

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).

Who are McGrath RentCorp's major shareholders?

McGrath RentCorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.99%), Franklin Resources Inc. (7.65%), Dimensional Fund Advisors LP (4.81%), Victory Capital Management Inc. (4.17%), River Road Asset Management LLC (3.00%) and Capital Research Global Investors (1.91%). Insiders that own company stock include Dennis P Stradford, Elizabeth A Fetter, John Lieffrig, John P Skenesky, Kay Dashner, Kimberly Ann Box, Philip B Hawkins, Philip B Hawkins, Tara Wescott and Trease Kristina Van.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MGRC) was last updated on 2/23/2024 by MarketBeat.com Staff