McGrath RentCorp (MGRC)

NASDAQ: MGRC · IEX Real-Time Price · USD
90.76
0.00 (0.00%)
Mar 24, 2023, 4:00 PM EDT - Market closed
Market Cap 2.21B
Revenue (ttm) 733.82M
Net Income (ttm) 115.14M
Shares Out 24.39M
EPS (ttm) 4.70
PE Ratio 19.31
Forward PE 21.46
Dividend $1.82 (2.01%)
Ex-Dividend Date Jan 13, 2023
Volume 86,282
Open 89.85
Previous Close 90.76
Day's Range 89.11 - 91.10
52-Week Range 73.29 - 111.70
Beta 0.77
Analysts Buy
Price Target 122.91 (+35.42%)
Earnings Date Apr 27, 2023

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, 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,... [Read more]

Sector Industrials
Founded 1979
Employees 1,184
Stock Exchange NASDAQ
Ticker Symbol MGRC
Full Company Profile

Financial Performance

In 2022, MGRC's revenue was $733.82 million, an increase of 18.97% compared to the previous year's $616.83 million. Earnings were $115.14 million, an increase of 28.35%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for MGRC stock is "Buy." The 12-month stock price forecast is $122.91, which is an increase of 35.42% from the latest price.

Price Target
$122.91
(35.42% upside)
Analyst Consensus: Buy
Stock Forecasts

News

McGrath to Present at the Sidoti & Company, LLC March Small-Cap Virtual Investor Conference

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief ...

5 days ago - Business Wire

McGrath Acquires Colorado-Based Container Rental Company

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced it has acquired the as...

3 weeks ago - Business Wire

McGrath (MGRC) Q4 Earnings and Revenues Beat Estimates

McGrath (MGRC) delivered earnings and revenue surprises of 20.90% and 2.82%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

McGrath Announces Results for Fourth Quarter 2022 and Announces 32nd Annual Dividend Increase

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the...

1 month ago - Business Wire

Recent Price Trend in McGrath (MGRC) is Your Friend, Here's Why

McGrath (MGRC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

1 month ago - Zacks Investment Research

McGrath Acquires Vesta Modular and Concurrently Divests Adler Tank Rentals

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (Nasdaq: MGRC):

1 month ago - Business Wire

McGrath Sets Fourth Quarter 2022 Financial Results Date and Time

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release fin...

2 months ago - Business Wire

McGrath Declares Quarterly Dividend

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today declared a quarterly cash divi...

3 months ago - Business Wire

What Makes McGrath (MGRC) a Strong Momentum Stock: Buy Now?

Does McGrath (MGRC) have what it takes to be a top stock pick for momentum investors? Let's find out.

4 months ago - Zacks Investment Research

Why McGrath (MGRC) Might be Well Poised for a Surge

McGrath (MGRC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

4 months ago - Zacks Investment Research

McGrath (MGRC) is on the Move, Here's Why the Trend Could be Sustainable

McGrath (MGRC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our ...

5 months ago - Zacks Investment Research

McGrath to Present at the Baird 2022 Global Industrial Conference

LIVERMORE, Calif.

5 months ago - Business Wire

McGrath Announces Nicolas Anderson Elected to Board

LIVERMORE, Calif.

5 months ago - Business Wire

McGrath (MGRC) Beats Q3 Earnings and Revenue Estimates

McGrath (MGRC) delivered earnings and revenue surprises of 17.92% and 5.60%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

McGrath Announces Results for Third Quarter 2022

LIVERMORE, Calif.

5 months ago - Business Wire

McGrath (MGRC) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does McGrath (MGRC) have what it takes?

5 months ago - Zacks Investment Research

7 Under the Radar Dividend Growth Stocks With Upside Potential

With volatile markets, investors may want to focus their attention on under the radar dividend growth stocks. These are companies that growth revenue and, or profits at a faster rate than the broader ...

Other symbols: AOSINFYSPNSTXNUPSWSO
5 months ago - InvestorPlace

McGrath Unveils New Brand Identity and Tagline

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (Nasdaq: MGRC), the legal name of the corporation, and one of the leading business-to-business rental companies in North America, today announced i...

6 months ago - Business Wire

McGrath RentCorp Sets Third Quarter 2022 Financial Results Date and Time

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its third...

6 months ago - Business Wire

McGrath RentCorp Declares Quarterly Dividend

LIVERMORE, Calif.--(BUSINESS WIRE)--The Board of Directors of McGrath RentCorp (NASDAQ:MGRC), a diversified business-to-business rental company, declared a quarterly cash dividend of $0.455 per common...

6 months ago - Business Wire

McGrath RentCorp to Present at the Sidoti & Company, LLC September Small-Cap Virtual Investor Conference

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the Sidoti & Company, LLC September S...

7 months ago - Business Wire

Why McGrath (MGRC) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does McGrath (MGRC) have what it takes?

7 months ago - Zacks Investment Research

Why McGrath (MGRC) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does McGrath (MGRC) have what it takes?

7 months ago - Zacks Investment Research

McGrath (MGRC) Is a Great Choice for "Trend" Investors, Here's Why

McGrath (MGRC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

7 months ago - Zacks Investment Research

McGrath (MGRC) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does McGrath (MGRC) have what it takes?

8 months ago - Zacks Investment Research