Wall Street analysts expect that United Rentals, Inc. (NYSE:URI) will report sales of $2.46 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for United Rentals’ earnings. The highest sales estimate is $2.46 billion and the lowest is $2.44 billion. United Rentals posted sales of $2.12 billion during the same quarter last year, which would indicate a positive year over year growth rate of 16%. The firm is expected to issue its next earnings results on Wednesday, October 16th.
On average, analysts expect that United Rentals will report full year sales of $9.32 billion for the current fiscal year, with estimates ranging from $9.30 billion to $9.36 billion. For the next fiscal year, analysts expect that the business will report sales of $9.77 billion, with estimates ranging from $9.63 billion to $10.09 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow United Rentals.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 17th. The construction company reported $4.74 EPS for the quarter, beating the consensus estimate of $4.48 by $0.26. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.27 billion. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.85 earnings per share.
Several brokerages have commented on URI. UBS Group set a $170.00 price objective on United Rentals and gave the company a “buy” rating in a research report on Friday, June 28th. Royal Bank of Canada set a $164.00 price objective on United Rentals and gave the company a “buy” rating in a research report on Friday, July 19th. Deutsche Bank set a $128.00 price objective on United Rentals and gave the company a “hold” rating in a research report on Friday, July 19th. ValuEngine lowered United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley raised their price target on United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $150.82.
In related news, Director Jose B. Alvarez purchased 238 shares of United Rentals stock in a transaction dated Wednesday, July 24th. The stock was purchased at an average cost of $125.98 per share, for a total transaction of $29,983.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Kneeland sold 78,243 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $124.61, for a total value of $9,749,860.23. Following the transaction, the director now owns 223,871 shares of the company’s stock, valued at $27,896,565.31. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. First Interstate Bank bought a new stake in United Rentals in the 2nd quarter worth about $26,000. Prestige Wealth Management Group LLC bought a new stake in United Rentals in the 2nd quarter worth about $27,000. Icon Wealth Partners LLC bought a new stake in United Rentals in the 1st quarter worth about $26,000. CNB Bank bought a new stake in United Rentals in the 1st quarter worth about $28,000. Finally, Kistler Tiffany Companies LLC increased its holdings in United Rentals by 576.9% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock worth $35,000 after buying an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.
United Rentals stock traded up $2.52 on Friday, hitting $110.51. 54,493 shares of the stock traded hands, compared to its average volume of 1,605,556. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 3.08. The firm has a market cap of $8.07 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 0.31 and a beta of 2.65. The business’s fifty day simple moving average is $124.65 and its 200 day simple moving average is $126.06. United Rentals has a 1 year low of $94.28 and a 1 year high of $173.00.
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 Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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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