FY2024 EPS Estimates for United Rentals, Inc. Raised by Zacks Research (NYSE:URI)

United Rentals, Inc. (NYSE:URI) – Analysts at Zacks Research boosted their FY2024 EPS estimates for United Rentals in a report released on Thursday, May 2nd. Zacks Research analyst R. Department now forecasts that the construction company will post earnings of $43.97 per share for the year, up from their previous estimate of $43.07. The consensus estimate for United Rentals’ current full-year earnings is $43.61 per share. Zacks Research also issued estimates for United Rentals’ Q4 2024 earnings at $11.95 EPS, Q1 2025 earnings at $9.57 EPS, Q2 2025 earnings at $11.19 EPS, Q3 2025 earnings at $12.66 EPS, Q4 2025 earnings at $11.97 EPS, FY2025 earnings at $45.40 EPS, Q1 2026 earnings at $10.78 EPS and FY2026 earnings at $48.54 EPS.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.95 EPS.

URI has been the topic of a number of other reports. Wells Fargo & Company boosted their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Robert W. Baird increased their target price on shares of United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research report on Friday, January 26th. Barclays lifted their price target on shares of United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Truist Financial increased their price objective on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, Stifel Nicolaus boosted their target price on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $600.79.

United Rentals Stock Down 1.2 %

URI stock opened at $674.88 on Monday. The stock has a market cap of $44.94 billion, a P/E ratio of 18.28, a P/E/G ratio of 2.17 and a beta of 1.82. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The stock’s fifty day simple moving average is $683.58 and its two-hundred day simple moving average is $592.43. United Rentals has a 1-year low of $325.91 and a 1-year high of $732.37.

Institutional Investors Weigh In On United Rentals

Several hedge funds have recently bought and sold shares of URI. Concurrent Investment Advisors LLC raised its position in shares of United Rentals by 3.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock valued at $301,000 after buying an additional 15 shares in the last quarter. Hoylecohen LLC increased its stake in United Rentals by 1.4% in the fourth quarter. Hoylecohen LLC now owns 1,163 shares of the construction company’s stock valued at $667,000 after acquiring an additional 16 shares during the last quarter. Ballentine Partners LLC raised its position in United Rentals by 2.1% during the fourth quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock valued at $510,000 after purchasing an additional 18 shares in the last quarter. DGS Capital Management LLC lifted its stake in United Rentals by 1.3% during the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock worth $827,000 after purchasing an additional 18 shares during the last quarter. Finally, Choreo LLC boosted its holdings in shares of United Rentals by 1.3% in the 1st quarter. Choreo LLC now owns 1,456 shares of the construction company’s stock worth $1,050,000 after purchasing an additional 18 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Insider Transactions at United Rentals

In related news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at $72,341,742. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares of the company’s stock, valued at $72,341,742. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William E. Grace sold 775 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the transaction, the chief financial officer now owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,713 shares of company stock valued at $6,747,384. 0.49% of the stock is currently owned by corporate insiders.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals’s dividend payout ratio is presently 17.66%.

United Rentals declared that its Board of Directors has authorized a share buyback plan on Wednesday, January 24th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 3.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.