United Rentals Inc. (URI) to Release Earnings on Thursday
United Rentals Inc. (NYSE:URI) will post its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect United Rentals to post earnings of $2.47 per share and revenue of $841.00 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.24. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.95 EPS. On average, analysts expect United Rentals to post $8.08 EPS for the current fiscal year and $8.23 EPS for the next fiscal year.
United Rentals Inc. (NYSE:URI) opened at 75.70 on Tuesday. The company’s 50 day moving average price is $78.93 and its 200-day moving average price is $71.63. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 11.41 and a beta of 2.61. United Rentals Inc. has a 12-month low of $41.90 and a 12-month high of $84.63.
In other news, Director Lawrence Keith Wimbush sold 3,000 shares of United Rentals stock in a transaction on Friday, July 29th. The stock was sold at an average price of $79.04, for a total value of $237,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jessica Graziano sold 877 shares of United Rentals stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $76.34, for a total value of $66,950.18. Following the completion of the transaction, the vice president now owns 7,127 shares of the company’s stock, valued at $544,075.18. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. 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 valued at $116,000 after buying an additional 77 shares during the period. Tredje AP fonden boosted its position in United Rentals by 129.7% in the second quarter. Tredje AP fonden now owns 2,090 shares of the company’s stock valued at $140,000 after buying an additional 1,180 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in United Rentals during the second quarter valued at approximately $294,000. Silvercrest Asset Management Group LLC boosted its position in United Rentals by 1.6% in the second quarter. Silvercrest Asset Management Group LLC now owns 4,406 shares of the company’s stock valued at $296,000 after buying an additional 70 shares during the last quarter. Finally, GAM Holding AG boosted its position in United Rentals by 42.0% in the second quarter. GAM Holding AG now owns 4,560 shares of the company’s stock valued at $306,000 after buying an additional 1,348 shares during the last quarter. Institutional investors own 91.02% of the company’s stock.
Several brokerages have issued reports on URI. RBC Capital Markets reiterated a “hold” rating and issued a $80.00 price target (up previously from $68.00) on shares of United Rentals in a report on Friday, July 22nd. Jefferies Group set a $80.00 price target on United Rentals and gave the stock a “buy” rating in a report on Thursday, July 21st. Morgan Stanley reiterated a “buy” rating on shares of United Rentals in a report on Tuesday, June 28th. Royal Bank Of Canada increased their price target on United Rentals from $68.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 22nd. Finally, Zacks Investment Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a report on Wednesday, July 27th. Three research 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 stock. United Rentals has an average rating of “Hold” and a consensus target price of $75.74.
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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