Free Trial
NASDAQ:MGRC

McGrath RentCorp (MGRC) Stock Price, News & Analysis

$111.02
-4.60 (-3.98%)
(As of 07/26/2024 ET)
Today's Range
$108.00
$114.50
50-Day Range
$102.88
$115.62
52-Week Range
$89.91
$130.86
Volume
375,179 shs
Average Volume
172,359 shs
Market Capitalization
$2.73 billion
P/E Ratio
21.64
Dividend Yield
1.71%
Price Target
$116.00

McGrath RentCorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
4.5% Upside
$116.00 Price Target
Short Interest
Healthy
2.16% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.02
Upright™ Environmental Score
News Sentiment
0.06mentions of McGrath RentCorp in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.64%
From $5.50 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.

4.45 out of 5 stars

Finance Sector

168th out of 898 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, 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

McGrath Announces Results for Second Quarter 2024
New trading system called MSFT, NVDA & MSFT
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
McGrath RentCorp Q2 Earnings Preview
New trading system called MSFT, NVDA & MSFT
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
McGrath Declares Quarterly Dividend
See More Headlines
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.

Company Calendar

Ex-Dividend for 4/30 Dividend
4/15/2024
Last Earnings
4/25/2024
Dividend Payable
4/30/2024
Ex-Dividend for 7/31 Dividend
7/17/2024
Today
7/27/2024
Dividend Payable
7/31/2024
Next Earnings (Estimated)
10/24/2024
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
+4.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$174.62 million
Pretax Margin
19.48%

Debt

Sales & Book Value

Annual Sales
$831.84 million
Cash Flow
$8.67 per share
Book Value
$38.13 per share

Miscellaneous

Free Float
24,156,000
Market Cap
$2.73 billion
Optionable
Optionable
Beta
0.77
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for August 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

MGRC Stock Analysis - Frequently Asked Questions

How have MGRC shares performed this year?

McGrath RentCorp's stock was trading at $119.62 at the beginning of the year. Since then, MGRC shares have decreased by 7.2% and is now trading at $111.02.
View the best growth stocks for 2024 here
.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) posted its earnings results on Thursday, April, 25th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.20. The company's revenue was up 14.7% compared to the same quarter last year.

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.

Who are McGrath RentCorp's major shareholders?

Top institutional investors of McGrath RentCorp include Vaughan Nelson Investment Management L.P. (1.98%), Swedbank AB (0.81%), Bank of New York Mellon Corp (0.76%) and Raymond James & Associates (0.19%). Insiders that own company stock include John P Skenesky, Dennis P Stradford, Kimberly Ann Box, Elizabeth A Fetter, Trease Kristina Van, Tara Wescott and Philip B Hawkins.
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.

What other stocks do shareholders of McGrath RentCorp own?

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

This page (NASDAQ:MGRC) was last updated on 7/27/2024 by MarketBeat.com Staff

From Our Partners