Wall Street analysts expect that United Rentals, Inc. (NYSE:URI) will post sales of $2.46 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued 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 business is expected to report its next 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 financial year, analysts anticipate that the business will report sales of $9.77 billion, with estimates ranging from $9.63 billion to $10.09 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover United Rentals.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 17th. The construction company reported $4.74 EPS for the quarter, topping analysts’ consensus estimates of $4.48 by $0.26. United Rentals had a net margin of 12.32% and a return on equity of 41.97%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business posted $3.85 EPS. The company’s revenue was up 21.1% on a year-over-year basis.
A number of equities research analysts have issued reports on the stock. Macquarie set a $99.00 target price on shares of United Rentals and gave the company a “sell” rating in a research note on Friday, July 19th. UBS Group set a $170.00 target price on shares of United Rentals and gave the company a “buy” rating in a research note on Friday, June 28th. Northcoast Research reissued a “neutral” rating on shares of United Rentals in a research note on Monday, April 22nd. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research note on Friday, June 21st. Finally, Morgan Stanley lifted their target price on shares of United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. United Rentals currently has an average rating of “Hold” and an average target price of $150.82.
United Rentals stock traded up $2.52 during midday trading on Friday, reaching $110.51. The stock had a trading volume of 54,493 shares, compared to its average volume of 1,605,556. The firm’s fifty day simple moving average is $124.65 and its two-hundred day simple moving average is $126.06. United Rentals has a twelve month low of $94.28 and a twelve month high of $173.00. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.31 and a beta of 2.65.
In other United Rentals news, Director Jose B. Alvarez acquired 238 shares of United Rentals stock in a transaction that occurred on Wednesday, July 24th. The stock was acquired at an average price of $125.98 per share, with a total value of $29,983.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Kneeland sold 78,243 shares of United Rentals stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $124.61, for a total transaction of $9,749,860.23. Following the completion of the sale, the director now directly owns 223,871 shares of the company’s stock, valued at approximately $27,896,565.31. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in URI. Seelaus Asset Management LLC raised its holdings in United Rentals by 1.0% in the 2nd quarter. Seelaus Asset Management LLC now owns 8,225 shares of the construction company’s stock worth $1,091,000 after acquiring an additional 80 shares during the period. Chesley Taft & Associates LLC raised its holdings in United Rentals by 0.7% in the 2nd quarter. Chesley Taft & Associates LLC now owns 12,360 shares of the construction company’s stock worth $1,639,000 after acquiring an additional 85 shares during the period. AMP Capital Investors Ltd raised its holdings in United Rentals by 0.3% in the 2nd quarter. AMP Capital Investors Ltd now owns 31,990 shares of the construction company’s stock worth $4,221,000 after acquiring an additional 97 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in United Rentals by 1.2% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 8,596 shares of the construction company’s stock worth $982,000 after acquiring an additional 98 shares during the period. Finally, Hunter Associates Investment Management LLC raised its holdings in United Rentals by 4.3% in the 2nd quarter. Hunter Associates Investment Management LLC now owns 2,400 shares of the construction company’s stock worth $318,000 after acquiring an additional 100 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.
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 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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