Wall Street analysts expect United Rentals, Inc. (NYSE:URI) to report sales of $1.86 billion for the current fiscal quarter, Zacks reports. Five analysts have made estimates for United Rentals’ earnings, with estimates ranging from $1.82 billion to $1.91 billion. United Rentals posted sales of $1.52 billion during the same quarter last year, which would indicate a positive year over year growth rate of 22.4%. The company is scheduled to report its next earnings report on Wednesday, January 24th.
On average, analysts expect that United Rentals will report full year sales of $1.86 billion for the current fiscal year, with estimates ranging from $6.54 billion to $6.63 billion. For the next financial year, analysts anticipate that the firm will post sales of $7.48 billion per share, with estimates ranging from $7.30 billion to $7.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow United Rentals.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.27. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.58 EPS.
United Rentals (NYSE URI) opened at $175.19 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $14,820.00, a PE ratio of 24.85, a price-to-earnings-growth ratio of 0.74 and a beta of 2.67. United Rentals has a twelve month low of $100.62 and a twelve month high of $175.74.
United Rentals announced that its board has authorized a share buyback program on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, insider Michael Kneeland sold 25,421 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $162.76, for a total value of $4,137,521.96. Following the completion of the sale, the insider now owns 245,286 shares in the company, valued at approximately $39,922,749.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donald C. Roof sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $143.95, for a total value of $647,775.00. The disclosure for this sale can be found here. Insiders sold a total of 91,760 shares of company stock valued at $13,873,111 in the last 90 days. 1.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in URI. Fieldpoint Private Securities LLC bought a new stake in United Rentals in the third quarter valued at approximately $119,000. Americafirst Capital Management LLC bought a new position in shares of United Rentals during the second quarter valued at approximately $151,000. First Manhattan Co. raised its holdings in shares of United Rentals by 42.9% during the third quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock valued at $196,000 after acquiring an additional 425 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of United Rentals by 8.8% during the second quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after acquiring an additional 145 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of United Rentals during the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 91.37% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/04/1-86-billion-in-sales-expected-for-united-rentals-inc-uri-this-quarter.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.