NASDAQ:MGRC

McGrath RentCorp (MGRC) Stock Price, News & Analysis

$110.71
+1.41 (+1.29%)
(As of 02:10 PM ET)
Today's Range
$108.00
$111.20
50-Day Range
$107.66
$128.65
52-Week Range
$86.26
$130.86
Volume
91,262 shs
Average Volume
313,259 shs
Market Capitalization
$2.72 billion
P/E Ratio
15.55
Dividend Yield
1.72%
Price Target
$116.00

McGrath RentCorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
4.4% Upside
$116.00 Price Target
Short Interest
Healthy
5.01% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.00
Upright™ Environmental Score
News Sentiment
0.91mentions of McGrath RentCorp in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.28%
From $5.42 to $6.14 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.56 out of 5 stars

Finance Sector

186th out of 864 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

2nd out of 12 stocks

MGRC stock logo

About McGrath RentCorp Stock (NASDAQ:MGRC)

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, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, 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. 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 Portable Storage segment offers steel containers to provide a temporary storage solution. 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 based in Livermore, California.

MGRC Stock Price History

MGRC Stock News Headlines

The Gold Grab of the Century
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
McGrath: Q1 Earnings Snapshot
McGrath Announces Results for First Quarter 2024
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McGrath RentCorp (MGRC)
WillScot Mobile Mini: Flexible Space, Big Ambitions
Q4 2023 McGrath RentCorp Earnings Call
McGrath RentCorp declares $0.475 dividend
McGrath RentCorp Q4 2023 Earnings Preview
MGRC Jun 2024 110.000 call
MGRC Mar 2024 120.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 1/31 Dividend
1/16/2024
Dividend Payable
1/31/2024
Ex-Dividend for 4/30 Dividend
4/15/2024
Last Earnings
4/25/2024
Today
4/26/2024
Dividend Payable
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
Diversified Support Services
Current Symbol
NASDAQ:MGRC
CUSIP
58058910
Employees
1,204
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$116.00
High Stock Price Target
$116.00
Low Stock Price Target
$116.00
Potential Upside/Downside
+6.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$174.62 million
Pretax Margin
17.97%

Debt

Sales & Book Value

Annual Sales
$831.84 million
Cash Flow
$9.10 per share
Book Value
$38.13 per share

Miscellaneous

Free Float
24,156,000
Market Cap
$2.68 billion
Optionable
Optionable
Beta
0.80
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MGRC Stock Analysis - Frequently Asked Questions

Should I buy or sell McGrath RentCorp stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McGrath RentCorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MGRC shares.
View MGRC analyst ratings
or view top-rated stocks.

What is McGrath RentCorp's stock price target for 2024?

1 analysts have issued 12-month price targets for McGrath RentCorp's shares. Their MGRC share price targets range from $116.00 to $116.00. On average, they expect the company's share price to reach $116.00 in the next year. This suggests a possible upside of 4.4% 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 2024?

McGrath RentCorp's stock was trading at $119.62 at the start of the year. Since then, MGRC shares have decreased by 7.1% and is now trading at $111.14.
View the best growth stocks for 2024 here
.

Are investors shorting McGrath RentCorp?

McGrath RentCorp saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,210,000 shares, a drop of 34.6% from the March 31st total of 1,850,000 shares. Based on an average daily trading volume, of 363,800 shares, the short-interest ratio is presently 3.3 days. Currently, 5.0% of the shares of the company are short sold.
View McGrath RentCorp's Short Interest
.

When is McGrath RentCorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our MGRC earnings forecast
.

How were McGrath RentCorp's earnings last quarter?

McGrath RentCorp (NASDAQ:MGRC) announced its quarterly earnings data on Thursday, April, 25th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.20. The financial services provider had revenue of $187.80 million for the quarter, compared to analyst estimates of $145.63 million. McGrath RentCorp had a net margin of 20.99% and a trailing twelve-month return on equity of 13.63%. The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS.

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

McGrath RentCorp declared a quarterly dividend on Wednesday, February 21st. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.475 per share on Tuesday, April 30th. This represents a $1.90 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Monday, April 15th. This is a boost from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for MGRC
.

Is McGrath RentCorp a good dividend stock?

McGrath RentCorp (NASDAQ:MGRC) pays an annual dividend of $1.90 per share and currently has a dividend yield of 1.75%. The company has been increasing its dividend for 32 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGRC will have a dividend payout ratio of 30.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGRC.

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).

Who are McGrath RentCorp's major shareholders?

McGrath RentCorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (1.58%), Raymond James & Associates (0.19%), Allspring Global Investments Holdings LLC (0.12%), Chatham Capital Group Inc. (0.10%), Arcadia Investment Management Corp MI (0.03%) and Global Retirement Partners LLC (0.00%). Insiders that own company stock include Dennis P Stradford, Elizabeth A Fetter, John Lieffrig, John P Skenesky, Kimberly Ann Box, Philip B Hawkins, Philip B Hawkins, Tara Wescott 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MGRC) was last updated on 4/26/2024 by MarketBeat.com Staff

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