$2.31 Earnings Per Share Expected for United Rentals, Inc. (URI) This Quarter
Brokerages forecast that United Rentals, Inc. (NYSE:URI) will report $2.31 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for United Rentals’ earnings. The lowest EPS estimate is $2.19 and the highest is $2.41. United Rentals reported earnings of $2.06 per share during the same quarter last year, which would suggest a positive year over year growth rate of 12.1%. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, July 19th.
According to Zacks, analysts expect that United Rentals will report full-year earnings of $9.61 per share for the current financial year, with EPS estimates ranging from $9.27 to $9.95. For the next fiscal year, analysts anticipate that the company will post earnings of $10.57 per share, with EPS estimates ranging from $10.21 to $11.00. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow United Rentals.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 19th. The construction company reported $1.63 EPS for the quarter, beating the 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 net margin of 10.04% and a return on equity of 47.90%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 earnings per share.
A number of equities analysts recently commented on URI shares. Zacks Investment Research raised shares of 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. Jefferies Group LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of United Rentals in a research note on Thursday, April 20th. Vetr raised shares of 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 upgraded shares of United Rentals from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Finally, BidaskClub upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $120.68.
United Rentals (URI) opened at 117.48 on Wednesday. United Rentals has a 1-year low of $67.64 and a 1-year high of $134.28. The company has a 50-day moving average of $109.54 and a 200-day moving average of $116.45. The company has a market capitalization of $9.93 billion, a P/E ratio of 17.41 and a beta of 2.42.
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Hedge funds have recently added to or reduced their stakes in the company. Airain ltd boosted its position in shares of United Rentals by 434.8% in the first quarter. Airain ltd now owns 47,279 shares of the construction company’s stock worth $5,912,000 after buying an additional 38,438 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of United Rentals by 2.6% in the first quarter. Nationwide Fund Advisors now owns 390,605 shares of the construction company’s stock worth $48,845,000 after buying an additional 9,857 shares during the last quarter. National Pension Service boosted its position in shares of United Rentals by 5,827.9% in the first quarter. National Pension Service now owns 85,776 shares of the construction company’s stock worth $10,651,000 after buying an additional 84,329 shares during the last quarter. Bank of The West purchased a new position in shares of United Rentals during the first quarter worth approximately $502,000. Finally, Gulf International Bank UK Ltd boosted its position in shares of United Rentals by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 28,198 shares of the construction company’s stock worth $3,526,000 after buying an additional 200 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.
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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