United Rentals (NYSE:URI) is set to release its earnings data after the market closes on Tuesday, January 23rd. Analysts expect United Rentals to post earnings of $3.25 per share for the quarter.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.27. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The company’s revenue was up 17.1% on a year-over-year basis. On average, analysts expect United Rentals to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Shares of United Rentals (NYSE URI) opened at $180.89 on Tuesday. United Rentals has a one year low of $100.62 and a one year high of $182.86. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $15,300.00, a price-to-earnings ratio of 25.66, a PEG ratio of 0.76 and a beta of 2.67.

United Rentals announced that its Board of Directors has authorized a share buyback plan on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

A number of brokerages have recently weighed in on URI. Buckingham Research reaffirmed a “neutral” rating and issued a $175.00 price objective (up from $154.00) on shares of United Rentals in a research note on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $194.00 price objective on shares of United Rentals in a research note on Thursday, January 11th. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Jefferies Group lifted their price objective on United Rentals from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, UBS Group set a $150.00 price objective on United Rentals and gave the company a “hold” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $159.68.

In other United Rentals news, Director Singleton B. Mcallister sold 2,200 shares of United Rentals stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $163.67, for a total transaction of $360,074.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Filippo Passerini sold 3,308 shares of United Rentals stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $143.24, for a total value of $473,837.92. The disclosure for this sale can be found here. Insiders have sold a total of 91,760 shares of company stock valued at $13,873,111 over the last three months. 1.20% of the stock is currently owned by insiders.

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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.

Earnings History for United Rentals (NYSE:URI)

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