Analysts Expect United Rentals, Inc. (URI) Will Announce Earnings of $3.34 Per Share

Equities analysts expect that United Rentals, Inc. (NYSE:URI) will post earnings of $3.34 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for United Rentals’ earnings, with the lowest EPS estimate coming in at $3.13 and the highest estimate coming in at $3.54. United Rentals reported earnings of $2.67 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 25.1%. The firm is expected to report its next earnings results after the market closes on Wednesday, January 24th.

On average, analysts expect that United Rentals will report full year earnings of $10.60 per share for the current fiscal year, with EPS estimates ranging from $10.37 to $10.79. For the next financial year, analysts expect that the company will post earnings of $13.38 per share, with EPS estimates ranging from $12.06 to $16.87. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow United Rentals.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.27. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.58 earnings per share.

A number of research analysts recently issued reports on the stock. Jefferies Group restated a “buy” rating and set a $210.00 price objective on shares of United Rentals in a report on Tuesday. Royal Bank of Canada reiterated a “buy” rating and issued a $194.00 price target on shares of United Rentals in a report on Thursday, January 11th. Buckingham Research reiterated a “neutral” rating and issued a $175.00 price target (up previously from $154.00) on shares of United Rentals in a report on Tuesday, January 9th. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Bank of America upgraded shares of United Rentals to a “buy” rating and upped their price target for the company from $165.00 to $195.00 in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $162.89.

In related news, insider Michael Kneeland sold 25,421 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $162.76, for a total transaction of $4,137,521.96. Following the completion of the transaction, the insider now owns 245,286 shares in the company, valued at $39,922,749.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donald C. Roof sold 757 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $159.80, for a total transaction of $120,968.60. The disclosure for this sale can be found here. Insiders sold 61,760 shares of company stock valued at $9,531,511 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC acquired a new position in United Rentals during the third quarter worth $119,000. Americafirst Capital Management LLC acquired a new position in United Rentals during the second quarter worth $151,000. First Manhattan Co. raised its position in United Rentals by 42.9% during the third quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock worth $196,000 after acquiring an additional 425 shares in the last quarter. Atria Investments LLC bought a new stake in United Rentals during the fourth quarter worth $246,000. Finally, Trexquant Investment LP bought a new stake in United Rentals during the third quarter worth $202,000. Institutional investors and hedge funds own 91.48% of the company’s stock.

Shares of United Rentals (NYSE:URI) traded up $2.43 during midday trading on Friday, reaching $183.67. 1,210,000 shares of the company were exchanged, compared to its average volume of 995,569. The firm has a market capitalization of $15,530.00, a PE ratio of 26.05, a P/E/G ratio of 0.73 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 has a 52-week low of $100.62 and a 52-week high of $184.25.

United Rentals declared that its board has authorized a stock buyback plan on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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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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