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.

TRADEMARK VIOLATION NOTICE: “United Rentals, Inc. (URI) Scheduled to Post Quarterly Earnings on Tuesday” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/10/10/united-rentals-inc-uri-scheduled-to-post-quarterly-earnings-on-tuesday.html.

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.

Earnings History for United Rentals (NYSE:URI)

Receive News & Stock Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related stocks with our FREE daily email newsletter.