McGrath RentCorp - MGRC Stock Forecast, Price & News

McGrath RentCorp's stock was trading at $80.26 at the beginning of 2022. Since then, MGRC stock has increased by 7.1% and is now trading at $85.95.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our MGRC earnings forecast.

McGrath RentCorp will be holding an earnings conference call on Thursday, October 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-6062.

McGrath RentCorp (NASDAQ:MGRC) released its quarterly earnings results on Thursday, July, 28th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.28. The financial services provider had revenue of $177 million for the quarter, compared to analysts' expectations of $166.69 million. McGrath RentCorp had a trailing twelve-month return on equity of 13.17% and a net margin of 14.39%. McGrath RentCorp's quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS.

McGrath RentCorp announced a quarterly dividend on Thursday, September 15th. Shareholders of record on Monday, October 17th will be paid a dividend of $0.455 per share on Monday, October 31st. This represents a $1.82 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, October 14th.
Read our dividend analysis for MGRC.

McGrath RentCorp (NASDAQ:MGRC) pays an annual dividend of $1.82 per share and currently has a dividend yield of 2.17%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGRC will have a dividend payout ratio of 43.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGRC.

McGrath RentCorp updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $695.00 million-$720.00 million, compared to the consensus revenue estimate of $683.67 million.

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.

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).

McGrath RentCorp trades on the NASDAQ under the ticker symbol "MGRC."

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.

One share of MGRC stock can currently be purchased for approximately $85.95.

McGrath RentCorp (NASDAQ:MGRC) has a market capitalization of $2.10 billion and generates $616.83 million in revenue each year. The financial services provider earns $89.71 million in net income (profit) each year or $3.95 on an earnings per share basis.

The company employs 1,184 workers across the globe.

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.