McGrath RentCorp/MGRC

$111.40

-0.12%
-
1D1W1MYTD1YMAX

About McGrath RentCorp

McGrath RentCorp is a business-to-business rental company. The Company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco and Enviroplex. Mobile Modular segment is engaged in the modular building business. Mobile Modular segment is for temporary classroom and other educational space needs of public and private schools, colleges and universities in California, Florida, Georgia, Louisiana, Maryland, North Carolina, South Carolina, Texas, Virginia and Washington, D.C. Mobile Modular offers response to requests for information, assistance in the choice of a suitable size and floor plan, in-house customization services, delivery, installation and field service of its units. Portable Storage segment is engaged in the portable storage container business. TRS-RenTelco segment is engaged in the electronic test equipment business. Enviroplex segment includes its classroom manufacturing business selling modular buildings used primarily as classrooms in California.

Ticker

MGRC

Sector

Industrials

Trading on

NASDAQ

Industry

Real Estate Operations

CEO

Joseph Hanna

Employees

1,204

Headquarters

Livermore, United States

McGrath RentCorp Metrics

BasicAdvanced
$2.74B
Market cap
15.74
P/E ratio
$7.12
EPS
0.80
Beta
$1.86
Dividend rate
1.7%
Dividend yield
$2.74B
0.79863
$130.86
$85.97
359.35K
$1.86
81.706
81.706
40.92%
4.23%
5.7%
12.87%
6.22%
15.741
3.3
2.939
5.027
1.94%
1.66%
1.7%
30.86%
8.21%
13.26%
3.13%
3.45%

What the Analysts think about McGrath RentCorp

Analyst Ratings

Majority rating from 1 analysts.
Buy

Price Targets

Average projection from 1 analyst.
15.8% upside
High $129.00
Low $129.00
$111.40
Current price
$129.00
Average price target

McGrath RentCorp Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
14.44% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$221.5M
-9.03%
Net income
$32M
-20.6%
Profit margin
14.44%
-12.75%

McGrath RentCorp Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 4.76%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.47
$1.14
$1.49
$1.30
-
Expected
$0.84
$0.99
$1.25
$1.37
$0.73
Surprise
-43.71%
15.15%
19.2%
-4.76%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for McGrath RentCorp stock?

McGrath RentCorp (MGRC) has a market cap of $2.74B as of April 18, 2024.

What is the P/E ratio for McGrath RentCorp stock?

The price to earnings (P/E) ratio for McGrath RentCorp (MGRC) stock is 15.74 as of April 18, 2024.

Does McGrath RentCorp stock pay dividends?

Yes, the McGrath RentCorp (MGRC) stock pays dividends to shareholders. As of April 18, 2024, the dividend rate is $1.86 and the yield is 1.7%. McGrath RentCorp has a payout ratio of 40.92% on a trailing twelve-month basis.

When is the next McGrath RentCorp dividend payment date?

The next McGrath RentCorp (MGRC) dividend payment is scheduled for April 30, 2024.

What is the beta indicator for McGrath RentCorp?

McGrath RentCorp (MGRC) has a beta rating of 0.8. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the McGrath RentCorp stock price target?

The target price for McGrath RentCorp (MGRC) stock is $129, which is 15.8% above the current price of $111.4. This is an average based on projections from 1 analyst, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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