Analysts forecast that United Rentals, Inc. (NYSE:URI) will report sales of $1.67 billion for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for United Rentals’ earnings. The highest sales estimate is $1.69 billion and the lowest is $1.65 billion. United Rentals reported sales of $1.36 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.8%. The business is scheduled to report its next earnings report on Wednesday, April 18th.
On average, analysts expect that United Rentals will report full-year sales of $1.67 billion for the current year, with estimates ranging from $7.45 billion to $7.73 billion. For the next financial year, analysts anticipate that the firm will report sales of $8.03 billion per share, with estimates ranging from $7.80 billion to $8.23 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for United Rentals.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.25 by $0.09. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The business’s revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.67 earnings per share.
In other United Rentals news, Director Singleton B. Mcallister sold 2,200 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $163.67, for a total transaction of $360,074.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Donald C. Roof sold 757 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $159.80, for a total value of $120,968.60. The disclosure for this sale can be found here. Insiders sold 79,212 shares of company stock valued at $13,856,844 over the last quarter. 1.20% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Gamble Jones Investment Counsel acquired a new position in United Rentals during the fourth quarter worth $344,000. BT Investment Management Ltd lifted its stake in United Rentals by 1.3% during the fourth quarter. BT Investment Management Ltd now owns 59,691 shares of the construction company’s stock worth $10,261,000 after purchasing an additional 737 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in United Rentals by 5.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,027 shares of the construction company’s stock worth $2,282,000 after purchasing an additional 718 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in United Rentals by 5.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 10,790 shares of the construction company’s stock worth $1,855,000 after purchasing an additional 532 shares in the last quarter. Finally, Emerald Advisers Inc. PA lifted its stake in United Rentals by 20.0% during the fourth quarter. Emerald Advisers Inc. PA now owns 9,006 shares of the construction company’s stock worth $1,548,000 after purchasing an additional 1,499 shares in the last quarter. Institutional investors own 90.07% of the company’s stock.
Shares of United Rentals (URI) opened at $171.34 on Wednesday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.06 and a quick ratio of 1.02. The stock has a market capitalization of $14,490.00, a P/E ratio of 10.91, a PEG ratio of 0.61 and a beta of 2.60. United Rentals has a 52-week low of $100.62 and a 52-week high of $189.00.
United Rentals declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 18th that allows the company to repurchase $373.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is 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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