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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
pixel
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NASDAQ:MGRC

McGrath RentCorp Stock Forecast, Price & News

$72.70
+0.05 (+0.07 %)
(As of 01/15/2021 08:00 PM ET)
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Today's Range
$71.47
Now: $72.70
$73.23
50-Day Range
$61.93
MA: $66.40
$74.71
52-Week Range
$44.32
Now: $72.70
$83.95
Volume5,955 shs
Average Volume109,680 shs
Market Capitalization$1.75 billion
P/E Ratio18.41
Dividend Yield2.31%
Beta1
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. McGrath RentCorp was founded in 1979 and is headquartered in Livermore, California.
McGrath RentCorp logo

MarketRank

Overall MarketRank

2.70 out of 5 stars

Finance Sector

8th out of 301 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

1st out of 5 stocks

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Equipment rental & leasing, not elsewhere classified
Sub-IndustryDiversified Support Services
SectorFinance
Current SymbolNASDAQ:MGRC
CUSIP58058910
Phone925-606-9200
Employees1,099

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$570.23 million
Cash Flow$7.73 per share
Book Value$26.11 per share

Profitability

Net Income$96.81 million

Miscellaneous

Market Cap$1.75 billion
Next Earnings Date2/23/2021 (Estimated)
OptionableOptionable
$72.70
+0.05 (+0.07 %)
(As of 01/15/2021 08:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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McGrath RentCorp (NASDAQ:MGRC) Frequently Asked Questions

How has McGrath RentCorp's stock price been impacted by COVID-19?

McGrath RentCorp's stock was trading at $53.12 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MGRC stock has increased by 36.9% and is now trading at $72.70.
View which stocks have been most impacted by COVID-19
.

Is McGrath RentCorp a buy right now?

2 Wall Street equities 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 equities research analysts is that investors should "buy" McGrath RentCorp stock.
View analyst ratings for McGrath RentCorp
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than McGrath RentCorp?

Wall Street analysts have given McGrath RentCorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but McGrath RentCorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is McGrath RentCorp's next earnings date?

McGrath RentCorp is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for McGrath RentCorp
.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) released its earnings results on Thursday, October, 29th. The financial services provider reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.13. The financial services provider had revenue of $156.40 million for the quarter, compared to the consensus estimate of $151.65 million. McGrath RentCorp had a net margin of 17.03% and a return on equity of 15.09%. The company's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 EPS.
View McGrath RentCorp's earnings history
.

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

McGrath RentCorp declared a quarterly dividend on Thursday, December 10th. Stockholders of record on Friday, January 15th will be paid a dividend of $0.42 per share on Friday, January 29th. This represents a $1.68 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, January 14th.
View McGrath RentCorp's dividend history
.

Is McGrath RentCorp a good dividend stock?

McGrath RentCorp pays an annual dividend of $1.68 per share and currently has a dividend yield of 2.31%. McGrath RentCorp has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of McGrath RentCorp is 42.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, McGrath RentCorp will have a dividend payout ratio of 42.21% next year. This indicates that McGrath RentCorp will be able to sustain or increase its dividend.
View McGrath RentCorp's dividend history.

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

McGrath RentCorp issued an update on its fourth quarter 2020 After-Hours earnings guidance on Thursday, October, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $140-150 million, compared to the consensus revenue estimate of $141.74 million.

What price target have analysts set for MGRC?

2 equities research analysts have issued twelve-month price targets for McGrath RentCorp's shares. Their forecasts range from $99.00 to $99.00. On average, they expect McGrath RentCorp's share price to reach $99.00 in the next twelve months. This suggests a possible upside of 36.2% from the stock's current price.
View analysts' price targets for McGrath RentCorp
or view Wall Street analyst' top-rated stocks.

Who are some of McGrath RentCorp's key competitors?

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 The 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).

Who are McGrath RentCorp's key executives?

McGrath RentCorp's management team includes the following people:
  • Mr. Joseph F. Hanna, Pres, CEO & Director (Age 57, Pay $1.55M)
  • Mr. Keith E. Pratt, Exec. VP & CFO (Age 57, Pay $816.86k)
  • Ms. Melodie Craft, VP of Legal Affairs & Risk Management and Sec. (Age 45, Pay $529.4k)
  • Mr. Philip B. Hawkins, VP and Division Mang. of Mobile Modular & Enviroplex, Inc (Age 44, Pay $587.46k)
  • Mr. John P. Skenesky, VP & Division Mang. of TRS-RenTelco (Age 53, Pay $440.98k)
  • Mr. David M. Whitney, VP, Controller & Principal Accounting Officer (Age 55)
  • Ms. Tara Wescott, VP, HR
  • Ms. Kristina Van Trease-Whitney, VP & Division Mang. of Adler Tank Rentals, LLC (Age 50)

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 retail and institutional investors. Top institutional shareholders include HGK Asset Management Inc. (0.05%), First Midwest Bank Trust Division (0.02%), Diversified Trust Co (0.02%) and ELM Advisors LLC (0.01%). Company insiders that own McGrath RentCorp stock include David M Whitney, Dennis P Stradford, Elizabeth A Fetter, John P Skenesky, Keith E Pratt, Philip B Hawkins, Ronald H Zech and Trease Kristina Van.
View institutional ownership trends for McGrath RentCorp
.

Which institutional investors are selling McGrath RentCorp stock?

MGRC stock was sold by a variety of institutional investors in the last quarter, including First Midwest Bank Trust Division. Company insiders that have sold McGrath RentCorp company stock in the last year include David M Whitney, Elizabeth A Fetter, John P Skenesky, Keith E Pratt, Ronald H Zech, and Trease Kristina Van.
View insider buying and selling activity for McGrath RentCorp
or view top insider-selling stocks.

Which institutional investors are buying McGrath RentCorp stock?

MGRC stock was acquired by a variety of institutional investors in the last quarter, including ELM Advisors LLC, Diversified Trust Co, and HGK Asset Management Inc..
View insider buying and selling activity for McGrath RentCorp
or or view top insider-buying stocks.

How do I buy shares of McGrath RentCorp?

Shares of MGRC 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.

What is McGrath RentCorp's stock price today?

One share of MGRC stock can currently be purchased for approximately $72.70.

How big of a company is McGrath RentCorp?

McGrath RentCorp has a market capitalization of $1.75 billion and generates $570.23 million in revenue each year. The financial services provider earns $96.81 million in net income (profit) each year or $3.93 on an earnings per share basis. McGrath RentCorp employs 1,099 workers across the globe.

What is McGrath RentCorp's official website?

The official website for McGrath RentCorp is www.mgrc.com.

How can I contact McGrath RentCorp?

McGrath RentCorp's mailing address is 5700 LAS POSITAS RD, LIVERMORE CA, 94551. The financial services provider can be reached via phone at 925-606-9200 or via email at [email protected]

This page was last updated on 1/18/2021 by MarketBeat.com Staff

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