$1.54 Billion in Sales Expected for United Rentals, Inc. (URI) This Quarter
Brokerages expect United Rentals, Inc. (NYSE:URI) to report $1.54 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for United Rentals’ earnings. The highest sales estimate is $1.56 billion and the lowest is $1.52 billion. United Rentals posted sales of $1.42 billion in the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, July 19th.
According to Zacks, analysts expect that United Rentals will report full-year sales of $1.54 billion for the current year, with estimates ranging from $6.11 billion to $6.27 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.51 billion per share, with estimates ranging from $6.35 billion to $6.62 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow United Rentals.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 19th. The construction company reported $1.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.12. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. United Rentals had a net margin of 10.04% and a return on equity of 47.90%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS.
URI has been the subject of a number of analyst reports. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a research note on Thursday, March 30th. Vetr raised United Rentals from a “hold” rating to a “buy” rating and set a $125.52 price target for the company in a research note on Friday, April 14th. Bank of America Corporation raised United Rentals from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Deutsche Bank AG initiated coverage on United Rentals in a research note on Wednesday, April 5th. They issued a “hold” rating and a $125.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $120.16.
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Hedge funds have recently added to or reduced their stakes in the company. Cleararc Capital Inc. boosted its stake in United Rentals by 0.6% in the first quarter. Cleararc Capital Inc. now owns 2,048 shares of the construction company’s stock valued at $256,000 after buying an additional 12 shares during the period. HCR Wealth Advisors boosted its stake in United Rentals by 2.4% in the first quarter. HCR Wealth Advisors now owns 2,260 shares of the construction company’s stock valued at $283,000 after buying an additional 54 shares during the period. Whittier Trust Co. boosted its stake in United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock valued at $112,000 after buying an additional 60 shares during the period. Bremer Trust National Association boosted its stake in United Rentals by 0.5% in the first quarter. Bremer Trust National Association now owns 17,465 shares of the construction company’s stock valued at $2,184,000 after buying an additional 83 shares during the period. Finally, Arizona State Retirement System boosted its stake in United Rentals by 0.5% in the first quarter. Arizona State Retirement System now owns 20,900 shares of the construction company’s stock valued at $2,614,000 after buying an additional 100 shares during the period. Institutional investors own 95.13% of the company’s stock.
Shares of United Rentals (URI) opened at 104.85 on Friday. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 15.54 and a beta of 2.35. United Rentals has a 12-month low of $61.78 and a 12-month high of $134.28. The stock has a 50 day moving average of $109.12 and a 200 day moving average of $115.86.
United Rentals Company Profile
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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