S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
How major US stock indexes fared Thursday, 4/11/2024
Closing prices for crude oil, gold and other commodities
Carmax Returns to the Bargain Basement: Buy the Dip? 
Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
How major US stock indexes fared Thursday, 4/11/2024
Closing prices for crude oil, gold and other commodities
Carmax Returns to the Bargain Basement: Buy the Dip? 
Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
How major US stock indexes fared Thursday, 4/11/2024
Closing prices for crude oil, gold and other commodities
Carmax Returns to the Bargain Basement: Buy the Dip? 
Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
How major US stock indexes fared Thursday, 4/11/2024
Closing prices for crude oil, gold and other commodities
Carmax Returns to the Bargain Basement: Buy the Dip? 
Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
NASDAQ:MGRC

McGrath RentCorp (MGRC) Stock Price, News & Analysis

$115.68
-2.24 (-1.90%)
(As of 04/11/2024 ET)
Today's Range
$115.57
$118.82
50-Day Range
$115.68
$130.11
52-Week Range
$85.97
$130.86
Volume
192,836 shs
Average Volume
255,925 shs
Market Capitalization
$2.83 billion
P/E Ratio
16.25
Dividend Yield
1.61%
Price Target
$116.00

McGrath RentCorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
0.3% Upside
$116.00 Price Target
Short Interest
Healthy
7.67% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.00
Upright™ Environmental Score
News Sentiment
0.91mentions of McGrath RentCorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.28%
From $5.42 to $6.14 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.

4.31 out of 5 stars

Finance Sector

712th out of 2,619 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

10th out of 33 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, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex. 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. 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 Portable Storage segment offers steel containers to provide a temporary storage solution. 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

StockNews.com Begins Coverage on McGrath RentCorp (NASDAQ:MGRC)
WillScot Mobile Mini: Flexible Space, Big Ambitions
IRS Loophole Gives Americans An Escape From Inflation
In the years immediately following 2008-09, as the economy stagnated, gold exploded in value. Today, Goldman Sachs is telling its clients that gold may reach $2,250 within the next few years. Don't miss your chance to diversify your savings.
McGrath RentCorp (NASDAQ:MGRC) Now Covered by StockNews.com
Q4 2023 McGrath RentCorp Earnings Call
IRS Loophole Gives Americans An Escape From Inflation
In the years immediately following 2008-09, as the economy stagnated, gold exploded in value. Today, Goldman Sachs is telling its clients that gold may reach $2,250 within the next few years. Don't miss your chance to diversify your savings.
McGrath RentCorp declares $0.475 dividend
McGrath RentCorp Q4 2023 Earnings Preview
MGRC Jun 2024 110.000 call
MGRC Mar 2024 120.000 call
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
4/12/2024
Ex-Dividend for 4/30 Dividend
4/15/2024
Next Earnings (Confirmed)
4/25/2024
Dividend Payable
4/30/2024
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
1,204
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
+0.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$174.62 million
Pretax Margin
17.97%

Debt

Sales & Book Value

Annual Sales
$831.84 million
Cash Flow
$8.86 per share
Book Value
$38.13 per share

Miscellaneous

Free Float
24,104,000
Market Cap
$2.83 billion
Optionable
Optionable
Beta
0.80
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MGRC Stock Analysis - Frequently Asked Questions

Should I buy or sell McGrath RentCorp stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 target for 2024?

1 brokers have issued 1 year price objectives for McGrath RentCorp's shares. Their MGRC share price targets range from $116.00 to $116.00. On average, they expect the company's stock price to reach $116.00 in the next year. This suggests a possible upside of 0.3% 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 2024?

McGrath RentCorp's stock was trading at $119.62 on January 1st, 2024. Since then, MGRC stock has decreased by 3.3% and is now trading at $115.68.
View the best growth stocks for 2024 here
.

Are investors shorting McGrath RentCorp?

McGrath RentCorp saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 1,850,000 shares, a decrease of 18.1% from the March 15th total of 2,260,000 shares. Based on an average daily volume of 347,000 shares, the days-to-cover ratio is presently 5.3 days. Currently, 7.7% of the company's stock 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, April 25th 2024.
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, April 25th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-2663.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) posted its quarterly earnings results 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 earned $221.59 million during 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 13.63%.

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

McGrath RentCorp declared 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 1.64%. 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 1.58%. 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 30.29% next year. This indicates that the company will be able to sustain or increase its dividend.
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 ProShares Merger ETF (MRGR) and IQ Merger Arbitrage ETF (MNA).JPMorgan Active Small Cap Value ETF (JPSV).

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).

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 4/12/2024 by MarketBeat.com Staff

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