Brokers Issue Forecasts for United Rentals Inc.’s Q3 2016 Earnings (URI)
United Rentals Inc. (NYSE:URI) – Investment analysts at Avondale Partners issued their Q3 2016 earnings per share (EPS) estimates for shares of United Rentals in a report issued on Monday. Avondale Partners analyst L. Pfeffer expects that the firm will earn $2.42 per share for the quarter.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.24. The business earned $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.95 earnings per share.
Several other research firms have also recently weighed in on URI. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research report on Tuesday, August 30th. Deutsche Bank AG began coverage on United Rentals in a research report on Tuesday, September 6th. They issued a “hold” rating and a $79.00 price objective for the company. Macquarie began coverage on United Rentals in a research report on Thursday, August 25th. They issued an “underperform” rating and a $92.00 price objective for the company. Zacks Investment Research raised United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research report on Wednesday, July 27th. Finally, Barclays PLC increased their price objective on United Rentals from $81.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $75.74.
Shares of United Rentals (NYSE:URI) traded up 0.53% during midday trading on Wednesday, hitting $79.92. 383,630 shares of the stock were exchanged. The stock has a market cap of $6.89 billion, a P/E ratio of 12.05 and a beta of 2.61. The stock’s 50-day moving average price is $79.42 and its 200 day moving average price is $71.20. United Rentals has a one year low of $41.90 and a one year high of $84.63.
In other United Rentals news, Director Brian Mcauley sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $81.09, for a total transaction of $324,360.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jessica Graziano sold 877 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $76.34, for a total value of $66,950.18. Following the transaction, the vice president now owns 7,127 shares in the company, valued at approximately $544,075.18. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock worth $103,000 after buying an additional 730 shares during the period. WFG Advisors LP boosted its position in shares of United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock worth $116,000 after buying an additional 77 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of United Rentals by 62.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,919 shares of the company’s stock worth $129,000 after buying an additional 738 shares during the period. Finally, Invictus RG boosted its position in shares of United Rentals by 2,900.0% in the first quarter. Invictus RG now owns 2,040 shares of the company’s stock worth $127,000 after buying an additional 1,972 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.
United Rentals Company Profile
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes 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, general tools and light equipment, such as pressure washers, water pumps and power tools.
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