United Rentals (NYSE:URI) Announces Quarterly Earnings Results
United Rentals (NYSE:URI) released its earnings results on Wednesday. The construction company reported $4.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.48 by $0.26, RTT News reports. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.27 billion. United Rentals had a net margin of 12.32% and a return on equity of 41.97%. United Rentals’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the company earned $3.85 EPS. United Rentals updated its FY 2019 guidance to EPS.
NYSE:URI opened at $118.98 on Friday. United Rentals has a twelve month low of $94.28 and a twelve month high of $173.00. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.71 and a current ratio of 0.73. The firm’s 50-day simple moving average is $127.06. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 0.35 and a beta of 2.63.
Several equities analysts have commented on URI shares. ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a research note on Thursday. Morgan Stanley cut shares of Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 22nd. Northcoast Research reissued a “neutral” rating on shares of United Rentals in a research note on Monday, April 22nd. Zacks Investment Research cut shares of Gold Resource from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Finally, UBS Group set a $170.00 target price on shares of United Rentals and gave the company a “buy” rating in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $155.73.
United Rentals Company Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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