United Rentals (NYSE:URI – Get Free Report) posted its quarterly earnings data on Wednesday. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69), Briefing.com reports. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the company earned $11.73 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. United Rentals updated its FY 2024 guidance to EPS.
United Rentals Stock Performance
Shares of URI opened at $811.70 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The firm has a market cap of $54.05 billion, a PE ratio of 21.99, a P/E/G ratio of 1.96 and a beta of 1.68. United Rentals has a 12 month low of $387.01 and a 12 month high of $861.74. The stock has a fifty day moving average price of $772.68 and a 200-day moving average price of $708.16.
United Rentals Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio is currently 17.66%.
Wall Street Analyst Weigh In
View Our Latest Research Report on United Rentals
Insider Activity at United Rentals
In other United Rentals news, SVP Joli L. Gross sold 360 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by corporate insiders.
About United Rentals
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.
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