NASDAQ:MGRC McGrath RentCorp (MGRC) Stock Forecast, Price & News $97.98 -0.53 (-0.54%) (As of 05:11 PM ET) Add Compare Share Share Today's Range$97.36▼$98.6750-Day Range$86.19▼$98.5152-Week Range$73.29▼$111.70Volume100,014 shsAverage Volume135,870 shsMarket Capitalization$2.40 billionP/E Ratio14.28Dividend Yield1.90%Price Target$120.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability McGrath RentCorp MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside22.9% Upside$120.50 Price TargetShort InterestHealthy1.23% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.01Upright™ Environmental ScoreNews Sentiment1.14Based on 5 Articles This WeekInsider TradingSelling Shares$956,924 Sold Last QuarterProj. Earnings Growth8.47%From $4.72 to $5.12 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.74 out of 5 starsFinance Sector192nd out of 862 stocksEquipment Rental & Leasing, Not Elsewhere Classified Industry3rd out of 12 stocks 2.5 Analyst's Opinion Consensus RatingMcGrath 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/DownsideAccording to analysts' consensus price target of $120.50, McGrath RentCorp has a forecasted upside of 22.9% from its current price of $98.06.Amount of Analyst CoverageMcGrath RentCorp has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.23% of the float of McGrath RentCorp has been sold short.Short Interest Ratio / Days to CoverMcGrath RentCorp has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in McGrath RentCorp has recently increased by 28.83%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldMcGrath RentCorp pays a meaningful dividend of 1.95%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMcGrath RentCorp has been increasing its dividend for 31 years.Dividend CoverageThe dividend payout ratio of McGrath RentCorp is 27.11%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, McGrath RentCorp will have a dividend payout ratio of 36.33% next year. This indicates that McGrath RentCorp will be able to sustain or increase its dividend. Previous Next 1.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMcGrath RentCorp has received a -11.25% 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 "Temporary modular school building" products. See details.Environmental SustainabilityThe Environmental Impact score for McGrath RentCorp is -5.01. Previous Next 3.4 News and Social Media Coverage News SentimentMcGrath RentCorp has a news sentiment score of 1.14. 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 is a higher news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for McGrath RentCorp this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added McGrath RentCorp to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $956,924.00 in company stock.Percentage Held by InsidersOnly 1.60% of the stock of McGrath RentCorp is held by insiders.Percentage Held by Institutions82.90% of the stock of McGrath RentCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for McGrath RentCorp are expected to grow by 8.47% in the coming year, from $4.72 to $5.12 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of McGrath RentCorp is 14.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.89.Price to Earnings Ratio vs. SectorThe P/E ratio of McGrath RentCorp is 14.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.14.Price to Earnings Growth RatioMcGrath RentCorp has a PEG Ratio of 2.03. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMcGrath RentCorp has a P/B Ratio of 2.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About McGrath RentCorp (NASDAQ:MGRC) StockMcGrath RentCorp engages in the provision of business-to-business rental services. It operates through the following segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment is engaged in modular building and portable storage. The TRS-RenTelco segment includes operations for its electronic test equipment. The Adler Tanks segment includes containment solutions for the storage of hazardous and non-hazardous liquids and solids. The Enviroplex segment involves the classroom manufacturing business selling modular buildings used primarily as classrooms in California. The company was founded by Robert P. McGrath in 1979 and is headquartered in Livermore, CA.Read More Receive MGRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for McGrath RentCorp and its competitors with MarketBeat's FREE daily newsletter. Email Address MGRC Stock News HeadlinesJune 7, 2023 | msn.comMcGrath RentCorp declares $0.465 dividendJune 3, 2023 | finance.yahoo.comInvesting in McGrath RentCorp (NASDAQ:MGRC) three years ago would have delivered you a 64% gainJune 8, 2023 | MarketBeat Internal (Ad)Introducing MarketBeat All AccessGet real-time financial news and market data with MarketBeat All Access. Monitor your portfolio and the markets. Access our top stock picks, unbeatable research tools, best-in-class stock screeners, and proprietary research reports.May 17, 2023 | finance.yahoo.comShould Weakness in McGrath RentCorp's (NASDAQ:MGRC) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?May 15, 2023 | americanbankingnews.comMcGrath RentCorp (NASDAQ:MGRC) Rating Lowered to Hold at StockNews.comMay 14, 2023 | americanbankingnews.comElizabeth A. Fetter Sells 1,400 Shares of McGrath RentCorp (NASDAQ:MGRC) StockMay 14, 2023 | americanbankingnews.comTara Wescott Sells 1,200 Shares of McGrath RentCorp (NASDAQ:MGRC) StockMay 9, 2023 | seekingalpha.comMcGrath RentCorp 2023 Q1 - Results - Earnings Call PresentationJune 8, 2023 | MarketBeat Internal (Ad)Introducing MarketBeat All AccessGet real-time financial news and market data with MarketBeat All Access. Monitor your portfolio and the markets. Access our top stock picks, unbeatable research tools, best-in-class stock screeners, and proprietary research reports.May 6, 2023 | americanbankingnews.comMcGrath RentCorp (NASDAQ:MGRC) Raised to "Buy" at StockNews.comMay 5, 2023 | finance.yahoo.comMcGrath RentCorp (MGRC) Q1 2023 Earnings Call TranscriptMay 4, 2023 | seekingalpha.comMcGrath RentCorp GAAP EPS of $2.92, revenue of $163.7MMay 4, 2023 | finance.yahoo.comMcGrath Announces Results for First Quarter 2023May 3, 2023 | americanbankingnews.comMcGrath RentCorp (MGRC) to Release Earnings on ThursdayMay 1, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, McGrath RentCorp (NASDAQ:MGRC) Presents An OpportunityApril 27, 2023 | seekingalpha.comMcGrath RentCorp: Rising Demand And Geographical Expansion Can Accelerate GrowthApril 25, 2023 | finance.yahoo.comMcGrath to Present at the Oppenheimer 18th Annual Industrial Growth ConferenceApril 11, 2023 | americanbankingnews.comMcGrath RentCorp (NASDAQ:MGRC) Increases Dividend to $0.47 Per ShareApril 6, 2023 | cbsnews.comRoy McGrath killed during encounter with FBI in Tennessee after three-week manhuntApril 3, 2023 | finance.yahoo.comMcGrath Acquires South Carolina-Based Container Rental CompanyApril 2, 2023 | cbsnews.comSecond book released on ex-Hogan advisor Roy McGrath as fugitive search continuesMarch 31, 2023 | finance.yahoo.comMcGrath Sets First Quarter 2023 Financial Results Date and TimeMarch 29, 2023 | dailymail.co.uk'Am I impressed with Bazball? Annoyingly, yes!': Aussie legend GLENN McGRATH loves a bit of pre-Ashes Pom-bashing but reluctantly admits Ben Stokes' lot are the real dealMarch 22, 2023 | washingtonpost.comFormer chief of staff to then-Gov. Larry Hogan still at largeMarch 21, 2023 | finance.yahoo.comMcGrath to Present at the Sidoti & Company, LLC March Small-Cap Virtual Investor ConferenceMarch 17, 2023 | cnn.comFugitive search underway for ex-Hogan chief of staff who allegedly stole $276,000March 16, 2023 | cbsnews.comArrest warrant issued after Roy McGrath, ex-chief of staff to former Gov. HoganSee More Headlines MGRC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGRC Company Calendar Last Earnings2/22/2023Ex-Dividend for 4/28 Dividend4/13/2023Dividend Payable4/28/2023Today6/08/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Equipment rental & leasing, not elsewhere classified Sub-IndustryDiversified Support Services SectorFinance Current SymbolNASDAQ:MGRC CUSIP58058910 CIK752714 Webwww.mgrc.com Phone(925) 606-9200Fax925-453-3200Employees1,218Year FoundedN/APrice Target and Rating Average Stock Price Forecast$120.50 High Stock Price Forecast$127.00 Low Stock Price Forecast$114.00 Forecasted Upside/Downside+22.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$6.86 Trailing P/E Ratio14.29 Forward P/E Ratio20.78 P/E Growth2.03Net Income$115.14 million Net Margins22.34% Pretax Margin18.54% Return on Equity14.82% Return on Assets6.66% Debt Debt-to-Equity RatioN/A Current Ratio0.18 Quick Ratio0.18 Sales & Book Value Annual Sales$733.82 million Price / Sales3.27 Cash Flow$9.53 per share Price / Cash Flow10.29 Book Value$32.97 per share Price / Book2.97Miscellaneous Outstanding Shares24,480,000Free Float24,085,000Market Cap$2.40 billion OptionableOptionable Beta0.77 Key ExecutivesJoseph F. HannaPresident, Chief Executive Officer & DirectorKeith E. PrattChief Financial Officer & Executive Vice PresidentPhilip B. HawkinsSenior VP & Division Manager-Mobile ModularJohn P. SkeneskyVice President & Division Manager-TRS RenTelcoDavid M. WhitneyChief Accounting Officer, VP & ControllerKey CompetitorsUpbound GroupNASDAQ:UPBDPROGNYSE:PRGWSFS FinancialNASDAQ:WSFSPiper Sandler CompaniesNYSE:PIPRMacerichNYSE:MACView All CompetitorsInsiders & InstitutionsEP Wealth Advisors LLCBought 1,581 shares on 6/5/2023Ownership: 0.006%ProShare Advisors LLCBought 698 shares on 5/26/2023Ownership: 0.391%Legato Capital Management LLCBought 5,688 shares on 5/25/2023Ownership: 0.023%JPMorgan Chase & Co.Sold 10,109 shares on 5/18/2023Ownership: 0.523%New York State Common Retirement FundBought 2,419 shares on 5/18/2023Ownership: 0.083%View All Insider TransactionsView All Institutional Transactions MGRC Stock - Frequently Asked Questions Should I buy or sell McGrath RentCorp stock right now? 2 Wall Street 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 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 1 year price targets for McGrath RentCorp's stock. Their MGRC share price forecasts range from $114.00 to $127.00. On average, they predict the company's share price to reach $120.50 in the next twelve months. This suggests a possible upside of 22.9% 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 on January 1st, 2023. Since then, MGRC shares have decreased by 0.7% and is now trading at $98.06. View the best growth stocks for 2023 here. Are investors shorting McGrath RentCorp? McGrath RentCorp saw a increase in short interest in May. As of May 15th, there was short interest totaling 296,700 shares, an increase of 28.8% from the April 30th total of 230,300 shares. Based on an average daily trading volume, of 147,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.2% of the shares of the company are sold short. 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, July 27th 2023. View our MGRC earnings forecast. How were McGrath RentCorp's earnings last quarter? McGrath RentCorp (NASDAQ:MGRC) released its earnings results on Wednesday, February, 22nd. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.34 by $0.28. The financial services provider earned $210.90 million during the quarter, compared to analysts' expectations of $201.16 million. McGrath RentCorp had a trailing twelve-month return on equity of 14.82% and a net margin of 22.34%. The company's quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 earnings per share. How often does McGrath RentCorp pay dividends? What is the dividend yield for McGrath RentCorp? McGrath RentCorp announced a quarterly dividend on Wednesday, February 22nd. Shareholders of record on Friday, April 14th will be given a dividend of $0.465 per share on Friday, April 28th. This represents a $1.86 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, April 13th. This is a positive change from the stock's previous quarterly dividend of $0.46. 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 Invesco DWA Industrials Momentum ETF (PRN), ProShares Russell 2000 Dividend Growers ETF (SMDV), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Avantis U.S. Small Cap Value ETF (AVUV), Invesco DWA SmallCap Momentum ETF (DWAS), Timothy Plan US Small Cap Core ETF (TPSC), Franklin U.S. Small Cap Multifactor Index ETF (FLQS) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV). 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 1.95%. 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 27.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGRC will have a dividend payout ratio of 36.33% 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 issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $790.00 million-$820.00 million, compared to the consensus revenue estimate of $795.78 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." Who are McGrath RentCorp's major shareholders? McGrath RentCorp's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.73%), Franklin Resources Inc. (5.89%), Dimensional Fund Advisors LP (5.22%), Victory Capital Management Inc. (4.28%), River Road Asset Management LLC (2.84%) and Silvercrest Asset Management Group LLC (2.64%). Insiders that own company stock include David M Whitney, Dennis P Stradford, Elizabeth A Fetter, John Lieffrig, John P Skenesky, Kay Dashner, Keith E Pratt, Kimberly Ann Box, Philip B Hawkins, Ronald H Zech, 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 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 $98.06. How much money does McGrath RentCorp make? McGrath RentCorp (NASDAQ:MGRC) has a market capitalization of $2.40 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 $6.86 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 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding McGrath RentCorp Please log in to your account or sign up in order to add this asset to your watchlist. 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