United Rentals Inc. (URI) Scheduled to Post Earnings on Thursday
United Rentals Inc. (NYSE:URI) is scheduled to issue its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $2.47 per share and revenue of $841.00 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm earned $1.95 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts expect United Rentals to post $8.08 EPS for the current fiscal year and $8.23 EPS for the next fiscal year.
United Rentals Inc. (NYSE:URI) opened at 76.44 on Wednesday. United Rentals Inc. has a one year low of $41.90 and a one year high of $84.63. The firm’s 50-day moving average is $78.75 and its 200 day moving average is $71.74. The stock has a market cap of $6.59 billion, a P/E ratio of 11.53 and a beta of 2.61.
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In related news, insider Michael Kneeland sold 20,000 shares of United Rentals stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $76.35, for a total transaction of $1,527,000.00. Following the completion of the sale, the insider now owns 387,169 shares of the company’s stock, valued at $29,560,353.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO William B. Plummer sold 15,811 shares of United Rentals stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $78.74, for a total value of $1,244,958.14. Following the sale, the chief financial officer now directly owns 73,209 shares of the company’s stock, valued at approximately $5,764,476.66. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. WFG Advisors LP boosted its stake in 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 during the last quarter. Tredje AP fonden boosted its stake in shares of United Rentals by 129.7% in the second quarter. Tredje AP fonden now owns 2,090 shares of the company’s stock worth $140,000 after buying an additional 1,180 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of United Rentals during the second quarter worth $294,000. Silvercrest Asset Management Group LLC boosted its stake in shares of United Rentals by 1.6% in the second quarter. Silvercrest Asset Management Group LLC now owns 4,406 shares of the company’s stock worth $296,000 after buying an additional 70 shares in the last quarter. Finally, GAM Holding AG boosted its stake in shares of United Rentals by 42.0% in the second quarter. GAM Holding AG now owns 4,560 shares of the company’s stock worth $306,000 after buying an additional 1,348 shares in the last quarter. 91.02% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on URI. Barclays PLC increased their price target on shares of United Rentals from $81.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, October 12th. RBC Capital Markets reiterated a “hold” rating and issued a $80.00 price target (up previously from $68.00) on shares of United Rentals in a report on Friday, July 22nd. Bank of America Corp. upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 price target on the stock in a report on Thursday, August 18th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a report on Wednesday, July 27th. Finally, Macquarie began coverage on shares of United Rentals in a report on Thursday, August 25th. They issued an “underperform” rating and a $92.00 price target on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $77.79.
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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