Northcoast Research Comments on United Rentals, Inc.’s Q1 2018 Earnings (URI)

United Rentals, Inc. (NYSE:URI) – Investment analysts at Northcoast Research issued their Q1 2018 earnings per share estimates for shares of United Rentals in a research report issued to clients and investors on Thursday. Northcoast Research analyst J. Healy forecasts that the construction company will post earnings per share of $2.13 for the quarter. Northcoast Research also issued estimates for United Rentals’ Q2 2018 earnings at $3.60 EPS, Q3 2018 earnings at $4.16 EPS, Q4 2018 earnings at $4.13 EPS and FY2019 earnings at $16.24 EPS.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.25 by $0.09. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm posted $2.67 earnings per share. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Bank of America raised United Rentals to a “buy” rating and lifted their price objective for the company from $165.00 to $195.00 in a research report on Tuesday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $171.00 price objective on shares of United Rentals in a research report on Thursday, December 14th. Barclays assumed coverage on United Rentals in a research report on Tuesday, December 12th. They issued an “underweight” rating and a $150.00 price objective for the company. 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 research report on Thursday, October 5th. Finally, Citigroup lifted their price objective on United Rentals from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $175.04.

United Rentals (URI) opened at $185.37 on Monday. United Rentals has a 1-year low of $100.62 and a 1-year high of $189.00. The firm has a market capitalization of $15,680.00, a price-to-earnings ratio of 11.81, a PEG ratio of 0.73 and a beta of 2.67. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.06 and a quick ratio of 0.88.

A number of hedge funds have recently bought and sold shares of URI. State Street Corp grew its position in United Rentals by 15.0% during the second quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock valued at $658,586,000 after acquiring an additional 763,469 shares during the period. Janus Henderson Group PLC grew its position in United Rentals by 4,154.0% during the second quarter. Janus Henderson Group PLC now owns 552,510 shares of the construction company’s stock valued at $62,273,000 after acquiring an additional 539,522 shares during the period. Gotham Asset Management LLC grew its position in United Rentals by 189.9% during the second quarter. Gotham Asset Management LLC now owns 377,718 shares of the construction company’s stock valued at $42,573,000 after acquiring an additional 247,443 shares during the period. Assenagon Asset Management S.A. grew its position in United Rentals by 3,873.0% during the third quarter. Assenagon Asset Management S.A. now owns 189,670 shares of the construction company’s stock valued at $26,315,000 after acquiring an additional 184,896 shares during the period. Finally, Victory Capital Management Inc. grew its position in United Rentals by 42.9% during the third quarter. Victory Capital Management Inc. now owns 565,560 shares of the construction company’s stock valued at $78,466,000 after acquiring an additional 169,774 shares during the period. 91.12% of the stock is owned by hedge funds and other institutional investors.

In other United Rentals news, Director Donald C. Roof sold 757 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $159.80, for a total transaction of $120,968.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Kneeland sold 25,421 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $162.76, for a total value of $4,137,521.96. Following the sale, the insider now directly owns 245,286 shares of the company’s stock, valued at approximately $39,922,749.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,452 shares of company stock valued at $9,057,673. Company insiders own 1.20% of the company’s stock.

United Rentals announced that its board has initiated a share buyback plan on Wednesday, October 18th that permits the company to buyback $373.00 million in shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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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 and Estimates for United Rentals (NYSE:URI)

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