United Rentals (NYSE:URI) is set to release its earnings data after the market closes on Tuesday, January 23rd. Analysts expect United Rentals to post earnings of $3.25 per share for the quarter.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.27. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $2.58 earnings per share. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, analysts expect United Rentals to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

United Rentals (NYSE URI) opened at $180.89 on Tuesday. United Rentals has a 1 year low of $100.62 and a 1 year high of $182.86. The company has a market capitalization of $15,300.00, a P/E ratio of 25.66, a P/E/G ratio of 0.76 and a beta of 2.67. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.88 and a current ratio of 0.92.

United Rentals declared that its Board of Directors has approved a share buyback program on Wednesday, October 18th that authorizes the company to buyback $373.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

A number of brokerages recently commented on URI. Royal Bank of Canada reiterated a “buy” rating and set a $194.00 price objective on shares of United Rentals in a research report on Thursday, January 11th. Buckingham Research reiterated a “neutral” rating and set a $175.00 price objective (up previously from $154.00) on shares of United Rentals in a research report on Tuesday, January 9th. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Bank of America upgraded United Rentals to a “buy” rating and lifted their price objective for the stock from $165.00 to $195.00 in a research report on Tuesday, December 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $171.00 price objective on shares of United Rentals in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $159.68.

In other United Rentals news, insider Michael Kneeland sold 25,421 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $162.76, for a total transaction of $4,137,521.96. Following the completion of the sale, the insider now owns 245,286 shares of the company’s stock, valued at $39,922,749.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Filippo Passerini sold 3,308 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $143.24, for a total value of $473,837.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,760 shares of company stock valued at $13,873,111. 1.20% of the stock is owned by insiders.

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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.

Earnings History for United Rentals (NYSE:URI)

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