Brokers Offer Predictions for United Rentals Inc.’s Q3 2016 Earnings (URI)
United Rentals Inc. (NYSE:URI) – Research analysts at KeyCorp cut their Q3 2016 earnings estimates for shares of United Rentals in a note issued to investors on Sunday. KeyCorp analyst J. Box now expects that the brokerage will post earnings per share of $2.60 for the quarter, down from their prior estimate of $2.64. KeyCorp also issued estimates for United Rentals’ Q4 2016 earnings at $2.47 EPS, FY2016 earnings at $8.52 EPS, Q1 2017 earnings at $1.38 EPS, Q2 2017 earnings at $2.01 EPS, Q3 2017 earnings at $2.53 EPS, Q4 2017 earnings at $2.38 EPS and FY2017 earnings at $8.30 EPS.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 20th. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.24. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company posted $1.95 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year.
URI has been the subject of a number of other reports. Deutsche Bank AG started coverage on United Rentals in a research note on Tuesday, September 6th. They issued a “hold” rating and a $79.00 target price for the company. Argus started coverage on United Rentals in a research note on Tuesday, October 4th. They issued a “buy” rating and a $90.00 target price for the company. Axiom Securities restated a “sell” rating on shares of United Rentals in a research note on Tuesday, August 30th. Morgan Stanley restated a “buy” rating on shares of United Rentals in a research note on Tuesday, June 28th. Finally, Macquarie started coverage on United Rentals in a research report on Thursday, August 25th. They issued an “underperform” rating and a $92.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. United Rentals currently has a consensus rating of “Hold” and a consensus target price of $75.74.
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United Rentals (NYSE:URI) traded up 0.53% on Wednesday, hitting $79.92. 383,630 shares of the stock were exchanged. The company’s 50 day moving average price is $79.42 and its 200-day moving average price is $71.20. United Rentals has a one year low of $41.90 and a one year high of $84.63. The company has a market cap of $6.89 billion, a P/E ratio of 12.05 and a beta of 2.61.
A number of large investors have recently made changes to their positions in URI. Acrospire Investment Management LLC raised its stake in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock worth $101,000 after buying an additional 200 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock worth $103,000 after buying an additional 730 shares in the last quarter. WFG Advisors LP raised its stake in shares of United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock worth $116,000 after buying an additional 77 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of United Rentals by 62.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,919 shares of the company’s stock worth $129,000 after buying an additional 738 shares in the last quarter. Finally, Invictus RG raised its stake in shares of United Rentals by 2,900.0% in the first quarter. Invictus RG now owns 2,040 shares of the company’s stock worth $127,000 after buying an additional 1,972 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Lawrence Keith Wimbush sold 3,000 shares of United Rentals stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $79.04, for a total value of $237,120.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jessica Graziano sold 877 shares of United Rentals stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $76.34, for a total value of $66,950.18. Following the completion of the sale, the vice president now directly owns 7,127 shares in the company, valued at approximately $544,075.18. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
United Rentals Company Profile
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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