$2.88 Earnings Per Share Expected for United Rentals, Inc. (NYSE:URI) This Quarter
Equities analysts expect that United Rentals, Inc. (NYSE:URI) will post $2.88 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for United Rentals’ earnings, with the highest EPS estimate coming in at $3.03 and the lowest estimate coming in at $2.71. United Rentals reported earnings per share of $2.58 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The business is expected to issue its next quarterly earnings report on Wednesday, October 18th.
According to Zacks, analysts expect that United Rentals will report full year earnings of $9.82 per share for the current fiscal year, with EPS estimates ranging from $9.34 to $10.65. For the next year, analysts anticipate that the company will report earnings of $10.86 per share, with EPS estimates ranging from $10.30 to $11.75. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for United Rentals.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business earned $2.06 earnings per share. United Rentals’s revenue for the quarter was up 12.4% on a year-over-year basis.
URI has been the subject of several recent analyst reports. Royal Bank Of Canada reissued a “hold” rating and issued a $130.00 price target on shares of United Rentals in a report on Wednesday, April 12th. 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 report on Friday, April 14th. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 price target on shares of United Rentals in a report on Thursday, April 20th. Piper Jaffray Companies reissued an “overweight” rating and issued a $144.00 price target (down previously from $156.00) on shares of United Rentals in a report on Saturday, April 22nd. Finally, UBS AG reissued a “neutral” rating and issued a $121.00 price target on shares of United Rentals in a report on Sunday, April 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. United Rentals currently has a consensus rating of “Buy” and a consensus price target of $124.50.
In other news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the transaction, the insider now owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. boosted its position in shares of 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 last quarter. First Manhattan Co. boosted its position in shares of United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after buying an additional 967 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of United Rentals during the first quarter valued at $127,000. Contravisory Investment Management Inc. boosted its position in shares of United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock valued at $162,000 after buying an additional 423 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after buying an additional 179 shares during the last quarter. 95.05% of the stock is currently owned by hedge funds and other institutional investors.
United Rentals (NYSE URI) opened at 118.10 on Tuesday. The company has a market cap of $9.98 billion, a price-to-earnings ratio of 17.16 and a beta of 2.43. United Rentals has a 12 month low of $70.58 and a 12 month high of $134.28. The company’s 50 day moving average is $112.76 and its 200-day moving average is $117.20.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.