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.
WARNING: This piece was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.thelincolnianonline.com/2018/02/23/united-rentals-inc-uri-expected-to-announce-earnings-of-2-48-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.