United Rentals (URI) Projected to Post Quarterly Earnings on Wednesday

United Rentals (NYSE:URI) is projected to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $11.65 per share and revenue of $3,937,730.00 billion for the quarter. United Rentals has set its FY 2024 guidance at EPS.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the firm earned $11.73 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect United Rentals to post $43 EPS for the current fiscal year and $47 EPS for the next fiscal year.

United Rentals Stock Up 1.6 %

URI stock traded up $11.84 on Wednesday, reaching $741.70. 933,280 shares of the company traded hands, compared to its average volume of 742,431. The firm has a fifty day simple moving average of $785.71 and a 200-day simple moving average of $760.02. The company has a market cap of $48.67 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69. United Rentals has a one year low of $545.16 and a one year high of $896.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.88%. United Rentals’s payout ratio is presently 17.03%.

Insider Activity

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Bank of America upped their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research report on Tuesday. Truist Financial boosted their price objective on shares of United Rentals from $955.00 to $965.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus price target of $805.25.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.