United Rentals (URI) Announces Quarterly Earnings, Beats Estimates By $0.12 EPS
United Rentals (NYSE:URI) issued its quarterly earnings data on Thursday. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.12, StockRatingsNetwork reports. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis.
URI has been the subject of a number of recent research reports. Analysts at UBS AG raised their EPS on shares of United Rentals in a research note to investors on Wednesday. They now have a “buy” rating and a $92.00 price target on the stock. They previously had a $80.00 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at Jefferies Group raised their price target on shares of United Rentals to $100.00 in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of United Rentals in a research note to investors on Tuesday, December 17th. They set a “buy” rating and a $86.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $76.89.
United Rentals (NYSE:URI) opened at 81.59 on Thursday. United Rentals has a 52 week low of $44.85 and a 52 week high of $82.57. The stock’s 50-day moving average is $76.08 and its 200-day moving average is $63.37. The company has a market cap of $7.607 billion and a price-to-earnings ratio of 29.91.
United Rentals, Inc is a holding company. The Company primarily conducts its operations through its wholly owned subsidiary, United Rentals (NYSE:URI), Inc, and its subsidiaries.
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