United Rentals, Inc. (URI) Scheduled to Post Quarterly Earnings on Tuesday
United Rentals, Inc. (NYSE:URI) is set to issue its quarterly earnings data after the market closes on Tuesday, October 17th. Analysts expect the company to announce earnings of $2.85 per share for the quarter.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $2.06 earnings per share. On average, analysts expect United Rentals to post $9.95 EPS for the current fiscal year and $11.18 EPS for the next fiscal year.
United Rentals, Inc. (NYSE URI) opened at 142.49 on Tuesday. The company has a 50-day moving average price of $126.72 and a 200 day moving average price of $117.00. United Rentals, Inc. has a 52-week low of $70.58 and a 52-week high of $143.15. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 20.70 and a beta of 2.46.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Thursday, October 5th. Deutsche Bank AG reiterated a “hold” rating and issued a $157.00 price objective (up previously from $130.00) on shares of United Rentals in a report on Tuesday, October 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of United Rentals in a report on Thursday, September 21st. ValuEngine downgraded shares of United Rentals from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 20th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of United Rentals in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $133.17.
In other news, CFO William B. Plummer sold 5,301 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the sale, the chief financial officer now owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Kneeland sold 30,000 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
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About United Rentals
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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