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NASDAQ:MGRC

McGrath RentCorp (MGRC) Stock Forecast, Price & News

$97.98
-0.53 (-0.54%)
(As of 05:11 PM ET)
Compare
Today's Range
$97.36
$98.67
50-Day Range
$86.19
$98.51
52-Week Range
$73.29
$111.70
Volume
100,014 shs
Average Volume
135,870 shs
Market Capitalization
$2.40 billion
P/E Ratio
14.28
Dividend Yield
1.90%
Price Target
$120.50

McGrath RentCorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
22.9% Upside
$120.50 Price Target
Short Interest
Healthy
1.23% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.01
Upright™ Environmental Score
News Sentiment
1.14mentions of McGrath RentCorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$956,924 Sold Last Quarter
Proj. Earnings Growth
8.47%
From $4.72 to $5.12 Per Share

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 stars

Finance Sector

192nd out of 862 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

3rd out of 12 stocks


MGRC stock logo

About McGrath RentCorp (NASDAQ:MGRC) Stock

McGrath 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.

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MGRC Stock News Headlines

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Get 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.
McGrath Announces Results for First Quarter 2023
McGrath RentCorp (MGRC) to Release Earnings on Thursday
See More Headlines

MGRC Price History

MGRC Company Calendar

Last Earnings
2/22/2023
Ex-Dividend for 4/28 Dividend
4/13/2023
Dividend Payable
4/28/2023
Today
6/08/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
Diversified Support Services
Sector
Finance
Current Symbol
NASDAQ:MGRC
CUSIP
58058910
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
+22.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$115.14 million
Pretax Margin
18.54%

Debt

Sales & Book Value

Annual Sales
$733.82 million
Cash Flow
$9.53 per share
Book Value
$32.97 per share

Miscellaneous

Free Float
24,085,000
Market Cap
$2.40 billion
Optionable
Optionable
Beta
0.77

Key Executives

  • Joseph F. Hanna
    President, Chief Executive Officer & Director
  • Keith E. Pratt
    Chief Financial Officer & Executive Vice President
  • Philip B. Hawkins
    Senior VP & Division Manager-Mobile Modular
  • John P. Skenesky
    Vice President & Division Manager-TRS RenTelco
  • David M. Whitney
    Chief Accounting Officer, VP & Controller













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
.

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

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