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The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Asian shares edge higher, tracking Wall Street rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
WSC Sports Was Built on a Love for Sports. It Changed The Entire Game.
Is This The End of Capitalism? (Ad)
Why Lucid Spiked Nearly 100% In One Day
Ride These Railroad Stocks for Growth and Income
Is This The End of Capitalism? (Ad)
EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Asian shares edge higher, tracking Wall Street rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
WSC Sports Was Built on a Love for Sports. It Changed The Entire Game.
Is This The End of Capitalism? (Ad)
Why Lucid Spiked Nearly 100% In One Day
Ride These Railroad Stocks for Growth and Income
Is This The End of Capitalism? (Ad)
EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Asian shares edge higher, tracking Wall Street rally
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
WSC Sports Was Built on a Love for Sports. It Changed The Entire Game.
Is This The End of Capitalism? (Ad)
Why Lucid Spiked Nearly 100% In One Day
Ride These Railroad Stocks for Growth and Income
Is This The End of Capitalism? (Ad)
EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Asian shares edge higher, tracking Wall Street rally
NASDAQ:MGRC

McGrath RentCorp - MGRC Stock Forecast, Price & News

$95.29
-0.80 (-0.83%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$95.22
$96.80
50-Day Range
$94.77
$100.74
52-Week Range
$71.17
$101.78
Volume
67,425 shs
Average Volume
107,590 shs
Market Capitalization
$2.32 billion
P/E Ratio
22.42
Dividend Yield
1.89%
Price Target
$106.00

McGrath RentCorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
11.2% 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.

2.38 out of 5 stars

Finance Sector

384th out of 900 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

4th out of 12 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.

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MGRC Stock News Headlines

Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
McGrath RentCorp Keeps Crushing Expectations
McGrath Declares Quarterly Dividend
A Look At The Fair Value Of McGrath RentCorp (NASDAQ:MGRC)
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
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 10/31 Dividend
10/14/2022
Dividend Payable
10/31/2022
Ex-Dividend for 1/31 Dividend
1/13/2023
Today
1/27/2023
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
+11.2%
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
$8.14 per share
Book Value
$30.19 per share

Miscellaneous

Free Float
23,894,000
Market Cap
$2.32 billion
Optionable
Optionable
Beta
0.78

Key Executives

  • Mr. Joseph F. Hanna (Age 60)
    Pres, CEO & Director
    Comp: $1.39M
  • Mr. Keith E. Pratt (Age 60)
    Exec. VP & CFO
    Comp: $792.98k
  • Ms. Melodie Craft (Age 47)
    VP of Legal Affairs & Risk Management and Corp. Sec.
    Comp: $522.54k
  • Mr. Philip B. Hawkins (Age 47)
    Sr. VP & Division Mang. of Mobile Modular
    Comp: $531.13k
  • Mr. David M. Whitney (Age 58)
    VP, Corp. Controller & Principal Accounting Officer
  • Ms. Tara Wescott (Age 49)
    VP of HR
  • Ms. Kristina Van Trease-Whitney (Age 53)
    Sr. VP of Strategy and Bus. Devel.
  • Mr. John P. Skenesky (Age 56)
    VP & Division Mang. of TRS-RenTelco













MGRC Stock - Frequently Asked Questions

Should I buy or sell McGrath RentCorp stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities 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 brokers have issued twelve-month price targets for McGrath RentCorp's shares. Their MGRC share price forecasts range from $106.00 to $106.00. On average, they anticipate the company's share price to reach $106.00 in the next year. This suggests a possible upside of 10.7% 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 at the beginning of 2023. Since then, MGRC stock has decreased by 3.0% and is now trading at $95.76.
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 quarterly earnings data on Thursday, October, 28th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.15 by $0.20. The financial services provider earned $173.29 million during the quarter, compared to the consensus estimate of $177.61 million. McGrath RentCorp had a trailing twelve-month return on equity of 13.88% and a net margin of 14.87%. McGrath RentCorp's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $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. Investors of record on Tuesday, January 17th will be paid a dividend of $0.455 per share on Tuesday, January 31st. This represents a $1.82 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend 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 1.89%. 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 a variety of 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 $95.76.

How much money does McGrath RentCorp make?

McGrath RentCorp (NASDAQ:MGRC) has a market capitalization of $2.33 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 1/28/2023 by MarketBeat.com Staff