Equities analysts predict that United Rentals, Inc. (NYSE:URI) will announce earnings of $3.31 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for United Rentals’ earnings, with the lowest EPS estimate coming in at $3.13 and the highest estimate coming in at $3.54. United Rentals posted earnings of $2.67 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 24%. The firm is expected to issue its next quarterly earnings report on Wednesday, January 24th.
According to Zacks, analysts expect that United Rentals will report full year earnings of $10.56 per share for the current fiscal year, with EPS estimates ranging from $10.23 to $10.78. For the next year, analysts anticipate that the business will post earnings of $12.47 per share, with EPS estimates ranging from $12.06 to $13.10. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for United Rentals.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, topping the consensus estimate of $2.98 by $0.27. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. United Rentals’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.58 EPS.
URI has been the subject of several analyst reports. Jefferies Group upped their price objective on United Rentals from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. Bank of America set a $165.00 price objective on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 19th. UBS set a $150.00 price objective on United Rentals and gave the stock a “hold” rating in a research note on Thursday, October 19th. Buckingham Research initiated coverage on United Rentals in a research note on Tuesday, November 21st. They issued a “neutral” rating and a $154.00 price objective for the company. Finally, Deutsche Bank restated a “hold” rating and issued a $157.00 price objective (up from $130.00) on shares of United Rentals in a research note on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $154.18.
In related news, Director Filippo Passerini sold 3,308 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $143.24, for a total value of $473,837.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Matthew John Flannery sold 22,324 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $147.44, for a total transaction of $3,291,450.56. Following the completion of the transaction, the chief operating officer now directly owns 31,243 shares of the company’s stock, valued at approximately $4,606,467.92. The disclosure for this sale can be found here. Insiders sold a total of 91,760 shares of company stock valued at $13,873,111 in the last ninety days. 1.20% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in URI. IFP Advisors Inc boosted its holdings in shares of United Rentals by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after purchasing an additional 478 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of United Rentals by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 408,417 shares of the construction company’s stock valued at $46,033,000 after purchasing an additional 17,920 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of United Rentals by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 21,000 shares of the construction company’s stock valued at $2,367,000 after purchasing an additional 100 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of United Rentals by 3.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 39,581 shares of the construction company’s stock valued at $4,461,000 after purchasing an additional 1,491 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in shares of United Rentals by 33.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 75,614 shares of the construction company’s stock valued at $8,522,000 after purchasing an additional 18,750 shares during the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.
United Rentals (URI) traded down $2.19 during trading hours on Friday, hitting $166.38. The stock had a trading volume of 1,390,000 shares, compared to its average volume of 1,550,716. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a market cap of $14,256.74, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 0.86 and a beta of 2.67. United Rentals has a 52-week low of $100.62 and a 52-week high of $170.33.
United Rentals declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
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About United Rentals
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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