$1.86 Billion in Sales Expected for United Rentals, Inc. (URI) This Quarter

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.

URI has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their target price on United Rentals from $133.00 to $158.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Jefferies Group boosted their price objective on United Rentals from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Citigroup boosted their price objective on United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Thursday, October 5th. Finally, Bank of America set a $165.00 price objective on United Rentals and gave the stock a “buy” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $154.18.

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.

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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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Earnings History and Estimates for United Rentals (NYSE:URI)

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