Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Announces Quarterly Earnings Results

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) issued its quarterly earnings results on Tuesday. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01, Zacks reports. The business had revenue of $2.75 billion for the quarter. During the same quarter in the prior year, the firm earned $0.76 EPS.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

Shares of NYSE:SUNB opened at $75.68 on Wednesday. The stock has a 50 day moving average price of $76.69. Sunbelt Rentals Holdings, Inc. Common Stock has a 52-week low of $61.03 and a 52-week high of $86.68.

Sunbelt Rentals Holdings, Inc. Common Stock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, July 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.0%.

Wall Street Analyst Weigh In

SUNB has been the subject of a number of research reports. Wall Street Zen raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Saturday, April 18th. KeyCorp upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “strong-buy” rating in a research report on Friday, March 13th. Jefferies Financial Group raised shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 price target for the company in a research report on Friday. Finally, Barclays lifted their price objective on Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Sunbelt Rentals Holdings, Inc. Common Stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.

In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.