Analysts Expect United Rentals, Inc. (NYSE:URI) Will Announce Earnings of $5.74 Per Share

Equities analysts expect that United Rentals, Inc. (NYSE:URI) will post earnings per share of $5.74 for the current quarter, according to Zacks. Three analysts have made estimates for United Rentals’ earnings. The highest EPS estimate is $6.38 and the lowest is $5.53. United Rentals reported earnings per share of $4.74 during the same quarter last year, which would indicate a positive year over year growth rate of 21.1%. The business is expected to announce its next quarterly earnings results on Wednesday, October 16th.

According to Zacks, analysts expect that United Rentals will report full year earnings of $19.30 per share for the current financial year, with EPS estimates ranging from $18.89 to $20.80. For the next financial year, analysts expect that the firm will post earnings of $21.23 per share, with EPS estimates ranging from $19.81 to $22.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow United Rentals.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 17th. The construction company reported $4.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.48 by $0.26. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the business posted $3.85 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis.

URI has been the topic of a number of research reports. UBS Group set a $170.00 price target on United Rentals and gave the company a “buy” rating in a research report on Friday, June 28th. Macquarie set a $99.00 price target on United Rentals and gave the company a “sell” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Friday, June 21st. Deutsche Bank set a $128.00 price target on United Rentals and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, ValuEngine downgraded United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $150.82.

In related news, Director Donald C. Roof acquired 5,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were purchased at an average price of $118.27 per share, for a total transaction of $591,350.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jose B. Alvarez acquired 238 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was bought at an average price of $125.98 per share, for a total transaction of $29,983.24. The disclosure for this purchase can be found here. In the last quarter, insiders bought 7,238 shares of company stock worth $842,073. Company insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in United Rentals by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,416,326 shares of the construction company’s stock valued at $1,116,257,000 after purchasing an additional 32,551 shares during the period. Lyrical Asset Management LP increased its holdings in United Rentals by 38.0% during the 2nd quarter. Lyrical Asset Management LP now owns 2,220,998 shares of the construction company’s stock valued at $294,571,000 after purchasing an additional 611,715 shares during the period. Bank of America Corp DE increased its holdings in United Rentals by 4.3% during the 2nd quarter. Bank of America Corp DE now owns 1,291,332 shares of the construction company’s stock valued at $171,271,000 after purchasing an additional 53,343 shares during the period. Geode Capital Management LLC increased its holdings in United Rentals by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,063,797 shares of the construction company’s stock valued at $108,880,000 after purchasing an additional 63,099 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in United Rentals by 38,658.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 932,150 shares of the construction company’s stock valued at $123,631,000 after purchasing an additional 929,745 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

NYSE URI traded up $2.10 during trading hours on Wednesday, reaching $111.26. 809,191 shares of the stock traded hands, compared to its average volume of 1,459,318. The stock has a 50 day simple moving average of $122.33 and a two-hundred day simple moving average of $125.65. United Rentals has a 1 year low of $94.28 and a 1 year high of $173.00. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 0.32 and a beta of 2.65.

About United Rentals

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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Earnings History and Estimates for United Rentals (NYSE:URI)

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