McGrath RentCorp (MGRC)

Market Cap	2.90B
Revenue (ttm)	888.78M
Net Income (ttm)	224.79M
Shares Out	24.55M
EPS (ttm)	9.15
PE Ratio	12.89
Forward PE	20.39
Dividend	$1.90 (1.61%)
Ex-Dividend Date	Oct 17, 2024

Volume	94,563
Open	118.17
Previous Close	117.81
Day's Range	116.38 - 118.17
52-Week Range	95.50 - 130.86
Beta	0.73
Analysts	Buy
Price Target	124.00 (+5.11%)
Earnings Date	Oct 24, 2024

About 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 clin...

• Industry: Rental & Leasing Services
• Sector: Industrials
• Founded: 1979
• Employees: 1,204
• Stock Exchange: NASDAQ
• Ticker Symbol: MGRC
• Website: https://www.mgrc.com

Financial Performance

In 2023, McGrath RentCorp's revenue was $831.84 million, an increase of 30.86% compared to the previous year's $635.67 million. Earnings were $174.62 million, an increase of 51.66%.

Analyst Forecast

According to one analyst, the rating for MGRC stock is "Buy" and the 12-month stock price forecast is $124.0.

Price Target

$124.0

(5.11% upside)

Analyst Consensus: Buy