United Rentals, Inc. (URI) Expected to Post Earnings of $2.48 Per Share

Equities research analysts expect United Rentals, Inc. (NYSE:URI) to post $2.48 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for United Rentals’ earnings, with the highest EPS estimate coming in at $2.71 and the lowest estimate coming in at $2.13. United Rentals reported earnings of $1.64 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 51.2%. The firm is scheduled to report its next quarterly earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that United Rentals will report full year earnings of $15.38 per share for the current financial year, with EPS estimates ranging from $14.02 to $16.87. For the next financial year, analysts anticipate that the firm will report earnings of $17.15 per share, with EPS estimates ranging from $15.68 to $19.70. Zacks’ EPS averages are an average based on a survey of research analysts that cover United Rentals.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 24th. The construction company reported $3.34 EPS for the quarter, beating the Zacks’ consensus estimate of $3.25 by $0.09. United Rentals had a net margin of 20.27% and a return on equity of 40.20%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the business posted $2.67 EPS. The company’s quarterly revenue was up 26.2% on a year-over-year basis.

A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 target price on the stock in a report on Thursday, February 1st. Buckingham Research boosted their target price on shares of United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, January 26th. UBS Group boosted their target price on shares of United Rentals from $150.00 to $196.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Bank of America boosted their target price on shares of United Rentals from $195.00 to $230.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada boosted their target price on shares of United Rentals from $194.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $179.12.

In other news, EVP Dale A. Asplund sold 11,439 shares of United Rentals stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $185.13, for a total value of $2,117,702.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jenne K. Britell sold 2,740 shares of United Rentals stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $185.50, for a total value of $508,270.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,212 shares of company stock valued at $13,856,844. 1.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hermes Investment Management Ltd. raised its position in United Rentals by 4.9% in the 4th quarter. Hermes Investment Management Ltd. now owns 6,485 shares of the construction company’s stock worth $1,115,000 after buying an additional 300 shares during the last quarter. Cypress Capital Management LLC WY raised its position in United Rentals by 73.0% in the 4th quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock worth $132,000 after buying an additional 325 shares during the last quarter. Fagan Associates Inc. raised its position in United Rentals by 3.5% in the 3rd quarter. Fagan Associates Inc. now owns 10,695 shares of the construction company’s stock worth $1,484,000 after buying an additional 365 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in United Rentals by 63.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock worth $166,000 after buying an additional 374 shares during the last quarter. Finally, First Manhattan Co. raised its position in United Rentals by 26.5% in the 4th quarter. First Manhattan Co. now owns 1,790 shares of the construction company’s stock worth $307,000 after buying an additional 375 shares during the last quarter. 89.45% of the stock is owned by hedge funds and other institutional investors.

Shares of United Rentals (NYSE:URI) opened at $168.02 on Tuesday. United Rentals has a fifty-two week low of $100.62 and a fifty-two week high of $189.00. The company has a market cap of $14,210.00, a price-to-earnings ratio of 10.70, a PEG ratio of 0.59 and a beta of 2.60. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81.

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United Rentals Company Profile

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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Earnings History and Estimates for United Rentals (NYSE:URI)

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