Brokers Offer Predictions for United Rentals, Inc.’s Q4 2017 Earnings (URI)
United Rentals, Inc. (NYSE:URI) – Jefferies Group upped their Q4 2017 earnings estimates for United Rentals in a note issued to investors on Tuesday. Jefferies Group analyst J. Jordan now forecasts that the construction company will earn $3.53 per share for the quarter, up from their prior estimate of $3.14. Jefferies Group currently has a “Buy” rating and a $210.00 target price on the stock. Jefferies Group also issued estimates for United Rentals’ FY2018 earnings at $16.87 EPS and FY2019 earnings at $19.70 EPS.
United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.27. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $2.58 EPS. United Rentals’s quarterly revenue was up 17.1% compared to the same quarter last year.
United Rentals (NYSE URI) opened at $181.24 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 3.47. United Rentals has a 1-year low of $100.62 and a 1-year high of $184.00. The company has a market capitalization of $15,330.00, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 0.75 and a beta of 2.67.
A number of institutional investors have recently made changes to their positions in the business. State Street Corp increased its position in shares of United Rentals by 15.0% during the 2nd quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock valued at $658,586,000 after purchasing an additional 763,469 shares during the period. Janus Henderson Group PLC increased its position in shares of United Rentals by 4,154.0% during the 2nd quarter. Janus Henderson Group PLC now owns 552,510 shares of the construction company’s stock valued at $62,273,000 after purchasing an additional 539,522 shares during the period. Vanguard Group Inc. increased its position in shares of United Rentals by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 9,531,812 shares of the construction company’s stock valued at $1,074,330,000 after purchasing an additional 378,365 shares during the period. Gotham Asset Management LLC increased its position in shares of United Rentals by 189.9% during the 2nd quarter. Gotham Asset Management LLC now owns 377,718 shares of the construction company’s stock valued at $42,573,000 after purchasing an additional 247,443 shares during the period. Finally, BlackRock Inc. increased its position in shares of United Rentals by 3.3% during the 2nd quarter. BlackRock Inc. now owns 6,025,017 shares of the construction company’s stock valued at $679,080,000 after purchasing an additional 190,803 shares during the period. 91.48% of the stock is currently owned by hedge funds and other institutional investors.
In other United Rentals news, COO Matthew John Flannery sold 22,324 shares of United Rentals stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $147.44, for a total transaction of $3,291,450.56. Following the sale, the chief operating officer now owns 31,243 shares of the company’s stock, valued at approximately $4,606,467.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Filippo Passerini sold 3,308 shares of United Rentals stock in a transaction on Monday, October 23rd. The shares were 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 61,760 shares of company stock worth $9,531,511 in the last ninety days. 1.20% of the stock is owned by company insiders.
United Rentals declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 18th that permits the company to buyback $373.00 million in outstanding shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
United Rentals Company Profile
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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