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NASDAQ:MGRC

McGrath RentCorp (MGRC) Stock Forecast, Price & News

$102.00
+0.25 (+0.25%)
(As of 04:00 PM ET)
Compare
Today's Range
$101.50
$102.78
50-Day Range
$91.22
$103.25
52-Week Range
$81.63
$111.70
Volume
101,631 shs
Average Volume
118,230 shs
Market Capitalization
$2.50 billion
P/E Ratio
14.49
Dividend Yield
1.82%
Price Target
$120.50

McGrath RentCorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.1% Upside
$120.50 Price Target
Short Interest
Healthy
0.70% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.06
Upright™ Environmental Score
News Sentiment
1.14mentions of McGrath RentCorp in the last 14 days
Based on 2 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.

2.83 out of 5 stars

Finance Sector

156th out of 850 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

4th out of 13 stocks


MGRC stock logo

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

MGRC Stock News Headlines

McGrath Announces Results for Second Quarter 2023
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Q2 2023 McGrath RentCorp Earnings Call
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Earnings Preview For McGrath RentCorp
McGrath Announces Results for First Quarter 2023
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
9/25/2023
Ex-Dividend for 10/31 Dividend
10/16/2023
Next Earnings (Estimated)
10/26/2023
Dividend Payable
10/31/2023
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
+18.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$115.14 million
Pretax Margin
18.83%

Debt

Sales & Book Value

Annual Sales
$733.82 million
Cash Flow
$9.29 per share
Book Value
$32.97 per share

Miscellaneous

Free Float
24,093,000
Market Cap
$2.49 billion
Optionable
Optionable
Beta
0.78
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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













MGRC Stock - Frequently Asked Questions

Should I buy or sell McGrath RentCorp stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last year. There are currently 2 buy ratings 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 forecast for 2023?

2 Wall Street analysts 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 expect the company's stock price to reach $120.50 in the next twelve months. This suggests a possible upside of 18.4% 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 stock has increased by 3.0% and is now trading at $101.75.
View the best growth stocks for 2023 here
.

Are investors shorting McGrath RentCorp?

McGrath RentCorp saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 172,500 shares, a decline of 18.4% from the August 15th total of 211,500 shares. Based on an average daily trading volume, of 91,500 shares, the days-to-cover ratio is currently 1.9 days.
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, October 26th 2023.
View our MGRC earnings forecast
.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) announced its quarterly earnings results on Thursday, July, 27th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.96 by $0.18. The financial services provider had revenue of $203.03 million for the quarter, compared to the consensus estimate of $191.80 million. McGrath RentCorp had a net margin of 22.16% and a trailing twelve-month return on equity of 14.47%.

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. Stockholders 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 dividend yield of 1.83%. 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 1.83%. 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 issued an update on 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."

Who are McGrath RentCorp's major shareholders?

McGrath RentCorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.94%), Franklin Resources Inc. (7.51%), Dimensional Fund Advisors LP (5.24%), Victory Capital Management Inc. (4.52%), River Road Asset Management LLC (3.23%) and Silvercrest Asset Management Group LLC (2.66%). Insiders that own company stock include David M Whitney, Dennis P Stradford, Elizabeth A Fetter, John Lieffrig, John P Skenesky, Kay Dashner, 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 $101.75.

How much money does McGrath RentCorp make?

McGrath RentCorp (NASDAQ:MGRC) has a market capitalization of $2.49 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 9/25/2023 by MarketBeat.com Staff

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