McGrath RentCorp - MGRC Stock Forecast, Price & News

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.

1 equities research analysts have issued 12-month price targets for McGrath RentCorp's stock. 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 10.8% from the stock's current price.
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McGrath RentCorp's stock was trading at $98.74 at the start of the year. Since then, MGRC shares have decreased by 3.1% and is now trading at $95.70.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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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.

McGrath RentCorp (NASDAQ:MGRC) released its quarterly earnings data 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 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%. The business's revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS.

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 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, January 13th.
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 1.92%. 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.

McGrath RentCorp issued an update on its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) 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.

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."

McGrath RentCorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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.
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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.
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One share of MGRC stock can currently be purchased for approximately $95.70.

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.

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.