Wall Street brokerages predict that United Rentals, Inc. (NYSE:URI) will post $2.46 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for United Rentals’ earnings, with estimates ranging from $2.44 billion to $2.46 billion. United Rentals reported sales of $2.12 billion in the same quarter last year, which indicates a positive year over year growth rate of 16%. The firm is scheduled to announce its next quarterly 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 year, with estimates ranging from $9.30 billion to $9.36 billion. For the next year, analysts anticipate that the firm will report sales of $9.77 billion, with estimates ranging from $9.63 billion to $10.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for United Rentals.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 17th. The construction company reported $4.74 EPS for the quarter, topping the consensus estimate of $4.48 by $0.26. The firm had revenue of $2.29 billion for 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%. United Rentals’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.85 EPS.

Several equities analysts recently commented on URI shares. OTR Global lowered United Rentals to a “positive” rating in a research report on Monday, April 1st. UBS Group set a $170.00 price target on United Rentals and gave the stock a “buy” rating in a research report on Friday, June 28th. Morgan Stanley lowered Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 22nd. ValuEngine lowered Welbilt from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Deutsche Bank set a $128.00 target price on United Rentals and gave the company a “hold” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. United Rentals currently has an average rating of “Hold” and a consensus price target of $150.82.

United Rentals stock traded down $0.13 during midday trading on Wednesday, hitting $127.61. 1,302,069 shares of the company were exchanged, compared to its average volume of 1,515,477. The stock has a fifty day simple moving average of $128.22. The company has a market cap of $9.86 billion, a P/E ratio of 7.85, a PEG ratio of 0.37 and a beta of 2.63. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 3.08. United Rentals has a fifty-two week low of $94.28 and a fifty-two week high of $173.00.

In other news, Director Donald C. Roof purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were acquired at an average cost of $118.27 per share, with a total value of $591,350.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Kneeland sold 38,580 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $129.67, for a total value of $5,002,668.60. Following the sale, the director now directly owns 230,444 shares in the company, valued at $29,881,673.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 233,261 shares of company stock worth $29,791,035. 1.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of URI. Norges Bank acquired a new stake in shares of United Rentals during the 4th quarter valued at approximately $76,188,000. Scout Investments Inc. raised its position in shares of United Rentals by 248.9% during the 1st quarter. Scout Investments Inc. now owns 613,455 shares of the construction company’s stock valued at $70,087,000 after acquiring an additional 437,638 shares in the last quarter. Carillon Tower Advisers Inc. raised its position in shares of United Rentals by 70.3% during the 1st quarter. Carillon Tower Advisers Inc. now owns 720,760 shares of the construction company’s stock valued at $85,742,000 after acquiring an additional 297,615 shares in the last quarter. Bank of Montreal Can raised its position in shares of United Rentals by 66.2% during the 1st quarter. Bank of Montreal Can now owns 598,898 shares of the construction company’s stock valued at $68,423,000 after acquiring an additional 238,641 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of United Rentals by 329.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 281,445 shares of the construction company’s stock valued at $32,155,000 after acquiring an additional 215,833 shares in the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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

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