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

Equities analysts expect United Rentals, Inc. (NYSE:URI) to announce earnings per share (EPS) of $2.48 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 $2.13 and the highest estimate coming in at $2.71. United Rentals reported earnings of $1.64 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 51.2%. The firm is scheduled to issue its next 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 year, analysts expect that the business will post earnings of $17.15 per share, with EPS estimates ranging from $15.68 to $19.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover United Rentals.

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

Several analysts recently commented on URI shares. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 target price on the stock in a research report on Thursday, February 1st. Bank of America upgraded United Rentals to a “buy” rating and raised their target price for the company from $165.00 to $195.00 in a research report on Tuesday, December 19th. Buckingham Research started coverage on United Rentals in a research report on Tuesday, November 21st. They issued a “neutral” rating and a $154.00 target price on the stock. UBS Group lifted their price target on United Rentals from $150.00 to $196.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, Barclays started coverage on United Rentals in a research report on Tuesday, December 12th. They set an “underweight” rating and a $150.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $179.12.

United Rentals (NYSE:URI) traded up $3.85 on Tuesday, reaching $179.01. The company had a trading volume of 1,067,392 shares, compared to its average volume of 1,452,587. United Rentals has a 12-month low of $100.62 and a 12-month high of $189.00. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81. The firm has a market cap of $14,910.00, a PE ratio of 22.92, a P/E/G ratio of 0.60 and a beta of 2.60.

In related news, EVP Dale A. Asplund sold 11,439 shares of United Rentals stock in a transaction on Friday, January 26th. The stock was sold at an average price of $185.13, for a total value of $2,117,702.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jenne K. Britell sold 3,250 shares of United Rentals stock in a transaction on Monday, November 27th. The stock was sold at an average price of $153.81, for a total value of $499,882.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,212 shares of company stock worth $13,856,844. 1.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of URI. Dynamic Technology Lab Private Ltd acquired a new position in shares of United Rentals in the 2nd quarter worth $364,000. Toronto Dominion Bank grew its holdings in shares of United Rentals by 25.8% in the 2nd quarter. Toronto Dominion Bank now owns 28,628 shares of the construction company’s stock worth $3,226,000 after acquiring an additional 5,879 shares during the last quarter. Achmea Investment Management B.V. grew its holdings in shares of United Rentals by 80.5% in the 2nd quarter. Achmea Investment Management B.V. now owns 13,164 shares of the construction company’s stock worth $1,482,000 after acquiring an additional 5,871 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in shares of United Rentals by 16.6% in the 3rd quarter. Eqis Capital Management Inc. now owns 3,444 shares of the construction company’s stock worth $478,000 after acquiring an additional 490 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of United Rentals in the 3rd quarter worth $274,000. Institutional investors and hedge funds own 89.45% of the company’s stock.

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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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