$2.96 Earnings Per Share Expected for United Rentals, Inc. (URI) This Quarter
Equities research analysts forecast that United Rentals, Inc. (NYSE:URI) will post earnings per share (EPS) of $2.96 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for United Rentals’ earnings, with estimates ranging from $2.72 to $3.39. United Rentals posted earnings per share of $2.58 in the same quarter last year, which would suggest a positive year over year growth rate of 14.7%. The company is expected to report its next earnings results on Wednesday, October 18th.
According to Zacks, analysts expect that United Rentals will report full year earnings of $9.87 per share for the current fiscal year, with EPS estimates ranging from $9.49 to $10.65. For the next year, analysts anticipate that the business will post earnings of $11.01 per share, with EPS estimates ranging from $10.49 to $11.75. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow United Rentals.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company earned $2.06 EPS.
Several research firms recently commented on URI. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday. Deutsche Bank AG reiterated a “hold” rating and issued a $157.00 target price (up from $130.00) on shares of United Rentals in a research note on Tuesday. Jefferies Group LLC restated a “buy” rating and set a $150.00 price target on shares of United Rentals in a research note on Thursday, September 21st. ValuEngine lowered United Rentals from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 20th. Finally, Stifel Nicolaus restated a “hold” rating on shares of United Rentals in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $133.17.
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Shares of United Rentals (NYSE:URI) traded up 1.304% during mid-day trading on Monday, hitting $142.585. The company had a trading volume of 283,152 shares. The company has a market cap of $12.05 billion, a PE ratio of 20.713 and a beta of 2.46. The firm has a 50-day moving average of $124.12 and a 200-day moving average of $116.59. United Rentals has a 12 month low of $70.58 and a 12 month high of $142.71.
In other news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the sale, the insider now owns 302,292 shares of the company’s stock, valued at $36,507,804.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the sale, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of URI. UBS Asset Management Americas Inc. boosted its position in shares of United Rentals by 9.0% in the first quarter. UBS Asset Management Americas Inc. now owns 362,874 shares of the construction company’s stock worth $45,377,000 after buying an additional 29,864 shares during the period. Mason Street Advisors LLC boosted its holdings in United Rentals by 1.1% in the first quarter. Mason Street Advisors LLC now owns 11,651 shares of the construction company’s stock valued at $1,457,000 after purchasing an additional 130 shares during the last quarter. KBC Group NV boosted its holdings in United Rentals by 38.0% in the first quarter. KBC Group NV now owns 18,894 shares of the construction company’s stock valued at $2,362,000 after purchasing an additional 5,207 shares during the last quarter. Dai Ichi Life Insurance Company Ltd purchased a new position in United Rentals in the first quarter valued at about $9,363,000. Finally, Arizona State Retirement System boosted its holdings in United Rentals by 0.5% in the first quarter. Arizona State Retirement System now owns 20,900 shares of the construction company’s stock valued at $2,614,000 after purchasing an additional 100 shares during the last quarter. 93.75% of the stock is owned by institutional investors.
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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