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NASDAQ:MGRC

McGrath RentCorp - MGRC Stock Forecast, Price & News

$96.01
+0.72 (+0.76%)
(As of 01/30/2023 02:53 PM ET)
Add
Compare
Today's Range
$94.56
$96.67
50-Day Range
$94.77
$100.74
52-Week Range
$71.17
$101.78
Volume
63,844 shs
Average Volume
105,287 shs
Market Capitalization
$2.34 billion
P/E Ratio
22.59
Dividend Yield
1.91%
Price Target
$106.00

McGrath RentCorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.4% Upside
$106.00 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.92
Upright™ Environmental Score
News Sentiment
0.15mentions of McGrath RentCorp in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.66%
From $4.42 to $4.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Finance Sector

401st out of 891 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

5th 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 operates for its modular building and portable storage. The TRS-RenTelco segment includes operations for its electronic test equipment. The Adler Tanks segment operates for its containment solutions for the storage of hazardous and non-hazardous liquids and solids. The Enviroplex segment operates for its 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

"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
McGrath RentCorp Keeps Crushing Expectations
McGrath Declares Quarterly Dividend
A Look At The Fair Value Of McGrath RentCorp (NASDAQ:MGRC)
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Why McGrath (MGRC) Might be Well Poised for a Surge
McGrath Announces Nicolas Anderson Elected to Board
McGrath RentCorp (MGRC) Q3 2022 Earnings Call Transcript
McGrath (MGRC) Beats Q3 Earnings and Revenue Estimates
McGrath Announces Results for Third Quarter 2022
A Preview Of McGrath RentCorp's Earnings
McGrath Unveils New Brand Identity and Tagline
McGrath RentCorp (NASDAQ: MGRC)
See More Headlines
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MGRC Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 1/31 Dividend
1/13/2023
Today
1/30/2023
Dividend Payable
1/31/2023
Next Earnings (Confirmed)
2/22/2023
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
1,184
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$106.00
High Stock Price Forecast
$106.00
Low Stock Price Forecast
$106.00
Forecasted Upside/Downside
+10.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$89.71 million
Pretax Margin
19.90%

Debt

Sales & Book Value

Annual Sales
$616.83 million
Cash Flow
$8.16 per share
Book Value
$30.19 per share

Miscellaneous

Free Float
23,894,000
Market Cap
$2.34 billion
Optionable
Optionable
Beta
0.78

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?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MGRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGRC, but not buy additional shares or sell existing shares.
View MGRC analyst ratings
or view top-rated stocks.

What is McGrath RentCorp's stock price forecast for 2023?

1 analysts have issued twelve-month price objectives for McGrath RentCorp's shares. Their MGRC share price forecasts range from $106.00 to $106.00. On average, they expect the company's share price to reach $106.00 in the next year. This suggests a possible upside of 11.2% 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 3.5% and is now trading at $95.29.
View the best growth stocks for 2023 here
.

When is McGrath RentCorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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 Wednesday, February 22nd 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.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) posted its earnings results on Thursday, October, 28th. The financial services provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.15 by $0.20. The financial services provider had revenue of $173.29 million for the quarter, compared to analysts' expectations of $177.61 million. McGrath RentCorp had a trailing twelve-month return on equity of 13.88% and a net margin of 14.87%. The company's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS.

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

McGrath RentCorp declared a quarterly dividend on Thursday, December 8th. Shareholders of record on Tuesday, January 17th will be given a dividend of $0.455 per share on Tuesday, January 31st. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, January 13th.
Read our dividend analysis for MGRC
.

Is McGrath RentCorp a good dividend stock?

McGrath RentCorp (NASDAQ:MGRC) pays an annual dividend of $1.82 per share and currently has a dividend yield of 1.91%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGRC will have a dividend payout ratio of 38.97% 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 updated its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $720.00 million-$735.00 million, compared to the consensus revenue estimate of $701.07 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 many different retail and institutional investors. Top institutional investors include Moody Aldrich Partners LLC (0.28%), Assenagon Asset Management S.A. (0.11%), Coldstream Capital Management Inc. (0.08%), Strs Ohio (0.04%), Hennion & Walsh Asset Management Inc. (0.02%) and Diversified Trust Co (0.01%). 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, Philip B Hawkins, Ronald H Zech 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 $95.29.

How much money does McGrath RentCorp make?

McGrath RentCorp (NASDAQ:MGRC) has a market capitalization of $2.32 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 $4.25 on an earnings per share basis.

How many employees does McGrath RentCorp have?

The company employs 1,184 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 1/30/2023 by MarketBeat.com Staff