Wall Street brokerages forecast that United Rentals, Inc. (NYSE:URI) will report earnings per share (EPS) of $4.79 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for United Rentals’ earnings, with the lowest EPS estimate coming in at $4.61 and the highest estimate coming in at $5.15. United Rentals reported earnings of $3.34 per share during the same quarter last year, which would suggest a positive year over year growth rate of 43.4%. The firm is scheduled to issue its next earnings report on Wednesday, January 23rd.
According to Zacks, analysts expect that United Rentals will report full year earnings of $16.13 per share for the current financial year, with EPS estimates ranging from $15.71 to $16.65. For the next financial year, analysts expect that the business will report earnings of $18.48 per share, with EPS estimates ranging from $16.77 to $20.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for United Rentals.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.18. United Rentals had a net margin of 21.18% and a return on equity of 39.28%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the firm earned $3.25 earnings per share. The business’s quarterly revenue was up 19.8% compared to the same quarter last year.
A number of research analysts have weighed in on URI shares. UBS Group set a $196.00 price objective on shares of United Rentals and gave the company a “buy” rating in a research note on Tuesday, August 14th. Buckingham Research raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Friday, July 13th. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research note on Monday, July 23rd. Bank of America set a $186.00 target price on shares of United Rentals and gave the company a “buy” rating in a report on Wednesday, July 18th. Finally, Deutsche Bank set a $158.00 target price on shares of United Rentals and gave the company a “hold” rating in a report on Wednesday, September 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $185.00.
In other news, CEO Michael Kneeland sold 30,000 shares of the stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $155.37, for a total value of $4,661,100.00. Following the completion of the sale, the chief executive officer now owns 219,925 shares in the company, valued at $34,169,747.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Donald C. Roof sold 5,000 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total transaction of $838,900.00. Following the completion of the sale, the director now owns 12,564 shares of the company’s stock, valued at approximately $2,107,987.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in United Rentals by 31.9% during the second quarter. Wells Fargo & Company MN now owns 318,697 shares of the construction company’s stock worth $47,046,000 after buying an additional 77,055 shares during the last quarter. Nvwm LLC increased its holdings in United Rentals by 1,744.7% during the second quarter. Nvwm LLC now owns 2,269 shares of the construction company’s stock worth $335,000 after buying an additional 2,146 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in United Rentals by 116.8% during the second quarter. Canada Pension Plan Investment Board now owns 43,376 shares of the construction company’s stock worth $6,403,000 after buying an additional 23,366 shares during the last quarter. Hexavest Inc. purchased a new stake in United Rentals during the second quarter worth about $30,004,000. Finally, Arvest Bank Trust Division purchased a new stake in United Rentals during the second quarter worth about $9,294,000. Institutional investors and hedge funds own 86.82% of the company’s stock.
Shares of United Rentals stock traded down $14.60 during trading hours on Thursday, reaching $124.44. The company’s stock had a trading volume of 252,237 shares, compared to its average volume of 1,321,542. United Rentals has a one year low of $135.68 and a one year high of $190.74. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 0.57 and a beta of 2.46. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 2.56.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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