United Rentals (NYSE:URI) Issues Quarterly Earnings Results, Beats Expectations By $1.58 EPS

United Rentals (NYSE:URI) issued its quarterly earnings results on Wednesday. The construction company reported $15.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $13.97 by $1.58, FiscalAI reports. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.71 billion.

United Rentals Stock Performance

Shares of URI traded up $22.09 during midday trading on Wednesday, reaching $1,065.96. 737,159 shares of the stock were exchanged, compared to its average volume of 561,993. United Rentals has a twelve month low of $701.59 and a twelve month high of $1,179.18. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The company has a market capitalization of $66.35 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.49 and a beta of 1.83. The business’s 50-day moving average price is $1,045.27 and its 200 day moving average price is $1,015.84.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. KeyCorp reissued an “overweight” rating and issued a $1,350.00 price objective on shares of United Rentals in a research report on Friday, July 24th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,215.00 price objective on shares of United Rentals in a research report on Wednesday, October 14th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $1,170.00 target price (down from $1,235.00) on shares of United Rentals in a report on Thursday, September 10th. Argus reissued a “buy” rating and issued a $1,250.00 target price on shares of United Rentals in a report on Tuesday, August 4th. Finally, Zacks Research cut United Rentals from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Fifteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,258.69.

Insider Activity

In related news, EVP William Grace sold 1,500 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. This represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

United Rentals Company Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.