Equities Analysts Set Expectations for United Rentals, Inc.’s FY2017 Earnings (NYSE:URI)
United Rentals, Inc. (NYSE:URI) – Investment analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for United Rentals in a research report issued to clients and investors on Monday. Jefferies Group analyst J. Jordan now anticipates that the construction company will post earnings per share of $9.90 for the year, up from their prior estimate of $9.60. Jefferies Group has a “Buy” rating and a $150.00 price target on the stock. Jefferies Group also issued estimates for United Rentals’ FY2018 earnings at $11.08 EPS.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business posted $2.06 earnings per share. United Rentals’s revenue for the quarter was up 12.4% on a year-over-year basis.
Other equities research analysts have also issued reports about the stock. Bank of America Corporation raised shares of United Rentals from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $138.00 price objective for the company in a report on Thursday, March 30th. Vetr upgraded United Rentals from a “hold” rating to a “buy” rating and set a $125.52 target price for the company in a research report on Friday, April 14th. BidaskClub upgraded United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, ValuEngine downgraded United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and a consensus price target of $124.85.
Shares of United Rentals (NYSE:URI) opened at 121.665 on Tuesday. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 17.674 and a beta of 2.42. United Rentals has a 12 month low of $70.58 and a 12 month high of $134.28. The firm’s 50-day moving average is $110.72 and its 200 day moving average is $116.69.
In related news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of United Rentals by 3,269.9% in the first quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock worth $729,568,000 after buying an additional 5,661,088 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of United Rentals by 114.6% in the first quarter. JPMorgan Chase & Co. now owns 2,539,634 shares of the construction company’s stock worth $317,582,000 after buying an additional 1,356,308 shares in the last quarter. AQR Capital Management LLC increased its stake in United Rentals by 362.1% in the first quarter. AQR Capital Management LLC now owns 1,109,900 shares of the construction company’s stock valued at $138,793,000 after buying an additional 869,711 shares during the period. APG Asset Management N.V. increased its stake in United Rentals by 36.0% in the second quarter. APG Asset Management N.V. now owns 1,195,466 shares of the construction company’s stock valued at $134,741,000 after buying an additional 316,256 shares during the period. Finally, Victory Capital Management Inc. increased its stake in United Rentals by 369.9% in the first quarter. Victory Capital Management Inc. now owns 350,286 shares of the construction company’s stock valued at $43,803,000 after buying an additional 275,740 shares during the period. Institutional investors own 93.98% of the company’s stock.
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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