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NASDAQ:MGRC

McGrath RentCorp - MGRC Stock Forecast, Price & News

$87.76
+0.03 (+0.03%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$87.13
$88.15
50-Day Range
$74.16
$88.90
52-Week Range
$67.21
$91.37
Volume
49,435 shs
Average Volume
67,079 shs
Market Capitalization
$2.14 billion
P/E Ratio
22.22
Dividend Yield
2.07%
Price Target
N/A

McGrath RentCorp MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
1.30% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.46
Upright™ Environmental Score
News Sentiment
1.41mentions of McGrath RentCorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$198,210 Sold Last Quarter
Proj. Earnings Growth
2.43%
From $4.12 to $4.22 Per Share

Overall MarketRank

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

2.70 out of 5 stars

Finance Sector

208th out of 914 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

3rd out of 14 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 related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, 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; 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 Adler Tanks segment rents fixed axle steel tanks for storing groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials; dewatering boxes for the separation of water contained in sludge and slurry; and roll-off and trash boxes for temporary storage and transportation of solid waste. 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 headquartered in Livermore, California.

Analyst Ratings Changes

Separately, StockNews.com upgraded McGrath RentCorp from a "hold" rating to a "buy" rating in a report on Monday, July 25th.

McGrath RentCorp Stock Performance

Shares of MGRC Stock traded up $0.03 on Thursday, hitting $87.76. 49,435 shares of the stock traded hands, compared to its average volume of 81,560. McGrath RentCorp has a twelve month low of $67.21 and a twelve month high of $91.37. The firm's 50-day moving average price is $79.49 and its two-hundred day moving average price is $80.92. The stock has a market capitalization of $2.14 billion, a PE ratio of 22.15, a PEG ratio of 2.16 and a beta of 0.82.

McGrath RentCorp (NASDAQ:MGRC - Get Rating) last issued its earnings results on Thursday, July 28th. The financial services provider reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.28. McGrath RentCorp had a net margin of 14.39% and a return on equity of 13.17%. The company had revenue of $177.00 million for the quarter, compared to the consensus estimate of $166.69 million. During the same period in the previous year, the firm earned $0.84 earnings per share. McGrath RentCorp's quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts anticipate that McGrath RentCorp will post 4.12 EPS for the current fiscal year.

McGrath RentCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were given a $0.455 dividend. The ex-dividend date was Thursday, July 14th. This represents a $1.82 annualized dividend and a yield of 2.07%. McGrath RentCorp's payout ratio is 46.08%.

Insiders Place Their Bets

In other news, Director Dennis P. Stradford sold 1,000 shares of the company's stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $83.20, for a total value of $83,200.00. Following the transaction, the director now owns 9,200 shares of the company's stock, valued at approximately $765,440. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other McGrath RentCorp news, Director Dennis P. Stradford sold 1,000 shares of McGrath RentCorp stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $83.20, for a total transaction of $83,200.00. Following the completion of the sale, the director now directly owns 9,200 shares in the company, valued at $765,440. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elizabeth A. Fetter sold 1,400 shares of the company's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $82.15, for a total transaction of $115,010.00. Following the completion of the transaction, the director now owns 5,100 shares in the company, valued at $418,965. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

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MGRC Stock News Headlines

McGrath RentCorp's Earnings Outlook
This is Why McGrath (MGRC) is a Great Dividend Stock
McGrath (MGRC) Could Be a Great Choice
McGrath RentCorp Enters Oversold Territory
McGrath Rentcorp Tops Q1 EPS by 5c
See More Headlines
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MGRC Company Calendar

Ex-Dividend for 7/29 Dividend
7/14/2022
Last Earnings
7/28/2022
Dividend Payable
7/29/2022
Today
8/19/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

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

Profitability

Net Income
$89.71 million
Pretax Margin
19.47%

Debt

Sales & Book Value

Annual Sales
$616.83 million
Cash Flow
$8.10 per share
Book Value
$30.85 per share

Miscellaneous

Free Float
23,890,000
Market Cap
$2.14 billion
Optionable
Optionable
Beta
0.82

Key Executives

  • Mr. Joseph F. Hanna (Age 59)
    Pres, CEO & Director
    Comp: $1.39M
  • Mr. Keith E. Pratt (Age 59)
    Exec. VP & CFO
    Comp: $792.98k
  • Ms. Melodie Craft (Age 46)
    VP of Legal Affairs & Risk Management and Corp. Sec.
    Comp: $522.54k
  • Mr. Philip B. Hawkins (Age 46)
    Sr. VP & Division Mang. of Mobile Modular
    Comp: $531.13k
  • Mr. David M. Whitney (Age 57)
    VP, Corp. Controller & Principal Accounting Officer
  • Ms. Tara Wescott (Age 48)
    VP of HR
  • Ms. Kristina Van Trease-Whitney (Age 52)
    Sr. VP of Strategy and Bus. Devel.
  • Mr. John P. Skenesky (Age 55)
    VP & Division Mang. of TRS-RenTelco













MGRC Stock - Frequently Asked Questions

How have MGRC shares performed in 2022?

McGrath RentCorp's stock was trading at $80.26 at the start of the year. Since then, MGRC shares have increased by 9.3% and is now trading at $87.76.
View the best growth stocks for 2022 here
.

When is McGrath RentCorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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, 28th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.28. The financial services provider earned $177 million during the quarter, compared to the consensus estimate of $166.69 million. McGrath RentCorp had a trailing twelve-month return on equity of 13.17% and a net margin of 14.39%. The firm's revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 EPS.

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

McGrath RentCorp announced a quarterly dividend on Wednesday, June 8th. Investors of record on Friday, July 15th will be paid a dividend of $0.455 per share on Friday, July 29th. This represents a $1.82 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, July 14th.
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 2.07%. 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 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.

What guidance has McGrath RentCorp issued on next quarter's earnings?

McGrath RentCorp issued an update on 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.

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 shareholders include Franklin Resources Inc. (9.00%), Victory Capital Management Inc. (5.43%), Price T Rowe Associates Inc. MD (4.57%), River Road Asset Management LLC (2.89%), Loomis Sayles & Co. L P (2.36%) and State Street Corp (2.05%). 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 $87.76.

How much money does McGrath RentCorp make?

McGrath RentCorp (NASDAQ:MGRC) has a market capitalization of $2.14 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.

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 8/19/2022 by MarketBeat.com Staff

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