United Rentals (URI) Set to Announce Earnings on Tuesday
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.
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.
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