Wall Street analysts forecast that United Rentals, Inc. (NYSE:URI) will announce $2.46 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for United Rentals’ earnings, with the lowest sales estimate coming in at $2.44 billion and the highest estimate coming in at $2.46 billion. United Rentals posted sales of $2.12 billion in the same quarter last year, which suggests a positive year over year growth rate of 16%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 16th.
On average, analysts expect that United Rentals will report full-year sales of $9.32 billion for the current financial year, with estimates ranging from $9.30 billion to $9.36 billion. For the next fiscal year, analysts forecast that the firm will post sales of $9.77 billion, with estimates ranging from $9.63 billion to $10.09 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow United Rentals.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 17th. The construction company reported $4.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.48 by $0.26. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.27 billion. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.85 EPS.
Several brokerages have weighed in on URI. Macquarie set a $99.00 price objective on United Rentals and gave the company a “sell” rating in a report on Friday, July 19th. ValuEngine cut United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. UBS Group set a $170.00 price objective on United Rentals and gave the company a “buy” rating in a report on Friday, June 28th. Morgan Stanley lifted their price objective on United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Deutsche Bank set a $128.00 price objective on United Rentals and gave the company a “hold” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $150.82.
Shares of NYSE URI opened at $104.57 on Friday. The stock has a market capitalization of $8.55 billion, a PE ratio of 6.43, a P/E/G ratio of 0.32 and a beta of 2.65. 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 business has a fifty day moving average price of $125.11 and a two-hundred day moving average price of $126.15. United Rentals has a fifty-two week low of $94.28 and a fifty-two week high of $173.00.
In other United Rentals news, Director Jose B. Alvarez purchased 238 shares of the stock in a transaction dated Wednesday, July 24th. The stock was bought at an average price of $125.98 per share, with a total value of $29,983.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Kneeland sold 32,007 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $123.68, for a total value of $3,958,625.76. Following the transaction, the director now directly owns 223,871 shares of the company’s stock, valued at approximately $27,688,365.28. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Seelaus Asset Management LLC raised its holdings in shares of United Rentals by 1.0% during the 2nd quarter. Seelaus Asset Management LLC now owns 8,225 shares of the construction company’s stock worth $1,091,000 after buying an additional 80 shares in the last quarter. Chesley Taft & Associates LLC raised its holdings in shares of United Rentals by 0.7% during the 2nd quarter. Chesley Taft & Associates LLC now owns 12,360 shares of the construction company’s stock worth $1,639,000 after buying an additional 85 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in shares of United Rentals by 0.3% during the 2nd quarter. AMP Capital Investors Ltd now owns 31,990 shares of the construction company’s stock worth $4,221,000 after buying an additional 97 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of United Rentals by 1.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 8,596 shares of the construction company’s stock worth $982,000 after buying an additional 98 shares in the last quarter. Finally, Hunter Associates Investment Management LLC grew its position in United Rentals by 4.3% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 2,400 shares of the construction company’s stock worth $318,000 after acquiring an additional 100 shares during the last quarter. 87.30% of the stock is owned by institutional investors.
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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