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: 0.62
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

2.5

Analyst's Opinion

Consensus Rating
McGrath RentCorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $120.50, McGrath RentCorp has a forecasted upside of 20.2% from its current price of $100.24.
Amount of Analyst Coverage
McGrath RentCorp has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.73% of the outstanding shares of McGrath RentCorp have been sold short.
Short Interest Ratio / Days to Cover
McGrath RentCorp has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in McGrath RentCorp has recently increased by 4.00%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Yield
McGrath RentCorp pays a meaningful dividend of 1.86%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
McGrath RentCorp has been increasing its dividend for 31 years.
Dividend Coverage
The dividend payout ratio of McGrath RentCorp is 26.42%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, McGrath RentCorp will have a dividend payout ratio of 35.77% next year. This indicates that McGrath RentCorp will be able to sustain or increase its dividend.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
McGrath RentCorp has received a -10.17% net impact score from Upright. The largest negative impact of Mcgrath Rentcorp in category "GHG emissions" seems to be driven mostly by its "Temporary modular apartment buildings", "Temporary modular office buildings", "Temporary modular health center buildings", and "Rental of temporary modular commercial buildings" products. See details.
Environmental Sustainability
The Environmental Impact score for McGrath RentCorp is -5.06.

2.0

News and Social Media Coverage

News Sentiment
McGrath RentCorp has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for McGrath RentCorp this week, compared to 2 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, McGrath RentCorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $301,477.00 in company stock.
Percentage Held by Insiders
Only 1.60% of the stock of McGrath RentCorp is held by insiders.
Percentage Held by Institutions
82.47% of the stock of McGrath RentCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for McGrath RentCorp are expected to grow by 8.11% in the coming year, from $4.81 to $5.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of McGrath RentCorp is 14.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of McGrath RentCorp is 14.24, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.48.
Price to Earnings Growth Ratio
McGrath RentCorp has a PEG Ratio of 2.08. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
McGrath RentCorp has a P/B Ratio of 3.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

MGRC Stock News Headlines

September 29, 2023 | americanbankingnews.com

McGrath RentCorp (NASDAQ:MGRC) Stock Crosses Above 200-Day Moving Average of $94.12

September 28, 2023 | finance.yahoo.com

McGrath Sets Third Quarter 2023 Financial Results Date and Time

October 2, 2023 | Edge On The Street (Ad)

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September 14, 2023 | finance.yahoo.com

McGrath to Participate in the Sidoti & Company, LLC September Small-Cap Virtual Investor Conference

August 1, 2023 | finance.yahoo.com

McGrath Announces Results for Second Quarter 2023

July 28, 2023 | seekingalpha.com

McGrath RentCorp's Q2 Earnings: Promising Valuation And Growth

July 28, 2023 | msn.com

McGrath (MGRC) Q2 Earnings and Revenues Beat Estimates

July 28, 2023 | businesswire.com

Reconciliation of Adjusted EBITDA to the most directly comparable GAAP measures

October 2, 2023 | Edge On The Street (Ad)

Gold Could Be Heading for Record Highs - But How to Play It?

July 28, 2023 | finance.yahoo.com

McGrath RentCorp (MGRC) Q2 2023 Earnings Call Transcript

July 28, 2023 | finance.yahoo.com

Q2 2023 McGrath RentCorp Earnings Call

July 27, 2023 | seekingalpha.com

McGrath RentCorp 2023 Q2 - Results - Earnings Call Presentation

July 27, 2023 | benzinga.com

Earnings Preview For McGrath RentCorp

July 23, 2023 | finance.yahoo.com

Is It Time To Consider Buying Malaysian Genomics Resource Centre Berhad (KLSE:MGRC)?

July 5, 2023 | finance.yahoo.com

McGrath RentCorp (NASDAQ:MGRC) is favoured by institutional owners who hold 84% of the company

June 29, 2023 | finance.yahoo.com

McGrath Sets Second Quarter 2023 Financial Results Date and Time

June 9, 2023 | msn.com

McGrath Rentcorp (MGRC) Declares $0.46 Dividend

June 7, 2023 | msn.com

McGrath RentCorp declares $0.465 dividend

June 3, 2023 | finance.yahoo.com

Investing in McGrath RentCorp (NASDAQ:MGRC) three years ago would have delivered you a 64% gain

May 17, 2023 | finance.yahoo.com

Should Weakness in McGrath RentCorp's (NASDAQ:MGRC) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

May 9, 2023 | seekingalpha.com

McGrath RentCorp 2023 Q1 - Results - Earnings Call Presentation

May 5, 2023 | finance.yahoo.com

McGrath RentCorp (MGRC) Q1 2023 Earnings Call Transcript

May 4, 2023 | seekingalpha.com

McGrath RentCorp GAAP EPS of $2.92, revenue of $163.7M

May 4, 2023 | finance.yahoo.com

McGrath Announces Results for First Quarter 2023

May 1, 2023 | finance.yahoo.com

If EPS Growth Is Important To You, McGrath RentCorp (NASDAQ:MGRC) Presents An Opportunity

April 27, 2023 | seekingalpha.com

McGrath RentCorp: Rising Demand And Geographical Expansion Can Accelerate Growth

April 25, 2023 | finance.yahoo.com

McGrath to Present at the Oppenheimer 18th Annual Industrial Growth Conference

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

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Equipment rental & leasing, not elsewhere classified
Sub-Industry: Diversified Support Services
Sector: Finance
Current Symbol: NASDAQ:MGRC
CUSIP: 58058910
CIK: 752714
Web: www.mgrc.com
Phone: (925) 606-9200
Fax: 925-453-3200
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

EPS (Most Recent Fiscal Year): $7.04
Trailing P/E Ratio: 14.24
Forward P/E Ratio: 20.84
P/E Growth: 2.08
Net Income: $115.14 million
Net Margins: 22.16%
Pretax Margin: 18.83%
Return on Equity: 14.47%
Return on Assets: 6.35%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.19
Quick Ratio: 0.19

Sales & Book Value

Annual Sales: $733.82 million
Price / Sales: 3.35
Cash Flow: $9.29 per share
Price / Cash Flow: 10.79
Book Value: $32.97 per share
Price / Book: 3.04

Miscellaneous

Outstanding Shares: 24,490,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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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