United Rentals, Inc. (NYSE:URI) Scheduled to Post Quarterly Earnings on Wednesday
United Rentals, Inc. (NYSE:URI) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $2.28 per share for the quarter.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 19th. The construction company reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.12. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. United Rentals had a return on equity of 47.90% and a net margin of 10.04%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.40 earnings per share. On average, analysts expect United Rentals to post $9.61 EPS for the current fiscal year and $10.57 EPS for the next fiscal year.
United Rentals, Inc. (NYSE:URI) opened at 117.21 on Monday. The firm has a market cap of $9.91 billion, a P/E ratio of 17.37 and a beta of 2.42. The firm’s 50-day moving average price is $108.26 and its 200 day moving average price is $115.64. United Rentals, Inc. has a 52 week low of $67.09 and a 52 week high of $134.28.
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Several research firms have weighed in on URI. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a report on Thursday. Zacks Investment Research cut United Rentals from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub raised United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of United Rentals in a report on Friday, June 9th. Finally, ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $120.21.
About United Rentals
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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