Q4 2018 EPS Estimates for United Rentals (URI) Decreased by Analyst

United Rentals (NYSE:URI) – Oppenheimer reduced their Q4 2018 earnings per share estimates for United Rentals in a note issued to investors on Sunday, April 22nd. Oppenheimer analyst S. Schneeberger now anticipates that the construction company will post earnings per share of $4.55 for the quarter, down from their prior estimate of $4.67.

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United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 18th. The construction company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.53. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. United Rentals had a net margin of 20.23% and a return on equity of 39.19%. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS.

A number of other equities research analysts have also weighed in on URI. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Buckingham Research reiterated a “neutral” rating and set a $175.00 target price (up from $154.00) on shares of United Rentals in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated a “buy” rating and set a $194.00 target price on shares of United Rentals in a research note on Thursday, January 11th. Jefferies Group reiterated a “buy” rating and set a $210.00 target price on shares of United Rentals in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus boosted their target price on shares of United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $182.96.

Shares of URI opened at $156.43 on Wednesday. The firm has a market cap of $13,677.25, a price-to-earnings ratio of 14.77, a P/E/G ratio of 0.56 and a beta of 2.52. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 2.75. United Rentals has a 1-year low of $100.62 and a 1-year high of $190.74.

United Rentals declared that its board has approved a stock repurchase plan on Wednesday, April 18th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 9.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

In related news, CFO William B. Plummer sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $187.88, for a total value of $9,394,000.00. Following the completion of the transaction, the chief financial officer now owns 55,926 shares of the company’s stock, valued at approximately $10,507,376.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, April 20th. The stock was sold at an average price of $169.00, for a total transaction of $5,070,000.00. Following the completion of the transaction, the chief executive officer now directly owns 249,925 shares of the company’s stock, valued at approximately $42,237,325. The disclosure for this sale can be found here. Insiders sold a total of 130,448 shares of company stock valued at $23,729,953 in the last ninety days. 1.00% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of URI. BlackRock Inc. boosted its holdings in shares of United Rentals by 1.1% during the 4th quarter. BlackRock Inc. now owns 6,041,996 shares of the construction company’s stock valued at $1,038,679,000 after purchasing an additional 63,992 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of United Rentals by 42.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,524,419 shares of the construction company’s stock valued at $262,063,000 after purchasing an additional 450,646 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of United Rentals by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 922,079 shares of the construction company’s stock valued at $158,196,000 after purchasing an additional 32,235 shares during the last quarter. Fred Alger Management Inc. boosted its holdings in shares of United Rentals by 17.4% during the 4th quarter. Fred Alger Management Inc. now owns 500,674 shares of the construction company’s stock valued at $86,071,000 after purchasing an additional 74,241 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of United Rentals by 275.6% during the 4th quarter. Allianz Asset Management GmbH now owns 488,452 shares of the construction company’s stock valued at $83,969,000 after purchasing an additional 358,413 shares during the last quarter. 89.51% of the stock is owned by institutional investors.

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United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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.

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

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