EPS of $5.26 expected for United Rentals, Inc. (NYSE:URI) this quarter


Wall Street analysts expect United Rentals, Inc. (NYSE:URI – Get Rating) to report earnings of $5.26 per share for the current quarter, reports Zacks Investment Research. Six analysts provided earnings estimates for United Rentals, with the lowest EPS estimate at $4.74 and the highest at $5.94. United Rentals reported earnings of $3.45 per share in the same quarter last year, indicating a positive growth rate of 52.5% year over year. The company is expected to release its next earnings report on Monday, January 1.

According to Zacks, analysts expect United Rentals to report annual earnings of $27.96 per share for the current fiscal year, with EPS estimates ranging from $26.58 to $30.99. For the next fiscal year, analysts expect the company to post earnings of $31.80 per share, with EPS estimates ranging from $28.44 to $40.12. Zacks Investment Research EPS averages are an average average based on a survey of sell-side analysts who cover United Rentals.

United Rentals (NYSE:URI – Get Rating) last released its results on Wednesday, January 26. The construction company reported EPS of $7.39 for the quarter, beating consensus analyst estimates of $6.91 by $0.48. United Rentals recorded a return on equity of 30.14% and a net margin of 14.27%. The company posted revenue of $2.78 billion in the quarter, versus analyst estimates of $2.76 billion. In the same period a year earlier, the company posted earnings of $5.04 per share.

The URI has been the subject of several recent analyst reports. Robert W. Baird raised his price target on United Rentals from $317.00 to $324.00 in a Thursday, January 27 research note. Goldman Sachs Group raised its price target on United Rentals from $415.00 to $425.00 in a Thursday, January 27 report. Wells Fargo & Company began covering United Rentals in a report on Friday, March 11. They set an “overweight” rating and a target price of $425.00 for the stock. Zacks Investment Research has downgraded United Rentals from a “hold” to a “sell” rating and set a target price of $383.00 for the stock. in a report from Wednesday, March 30. Finally, StockNews.com began covering United Rentals in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Two analysts gave the stock a sell rating, six gave the company a hold rating and six gave the company a buy rating. According to data from MarketBeat.com, United Rentals has an average rating of “Hold” and an average target price of $379.69.

In a similar vein, Executive Vice President Craig Adam Pintoff sold 6,325 shares of United Rentals in a trade that took place on Friday, January 28. The stock was sold at an average price of $315.08, for a total value of $1,992,881.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.53% of the shares are currently held by insiders of the company.

Hedge funds have recently been buying and selling shares of the company. Capital Research Global Investors increased its stake in United Rentals shares by 158.0% during the third quarter. Capital Research Global Investors now owns 2,442,756 shares of the construction company worth $857,236,000 after acquiring an additional 1,496,058 shares during the period. Nordea Investment Management AB increased its stake in United Rentals by 104.8% in the third quarter. Nordea Investment Management AB now owns 2,141,854 shares of the construction company valued at $773,766,000 after acquiring an additional 1,096,080 shares last quarter. Geode Capital Management LLC increased its stake in United Rentals shares by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,331,394 shares of the construction company worth $466,030,000 after buying 32,210 additional shares last quarter. Morgan Stanley increased its equity stake in United Rentals by 11.7% during the second quarter. Morgan Stanley now owns 1,326,987 shares of the construction company worth $423,321,000 after buying an additional 139,291 shares last quarter. Finally, Boston Partners increased its position in United Rentals by 8.7% in the third quarter. Boston Partners now owns 1,060,048 shares of the construction company worth $372,029,000 after acquiring 85,101 additional shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s shares.

United Rentals stock traded at $2.77 at midday Tuesday, hitting $318.80. 526,671 shares of the company were traded, against an average volume of 733,267. The company has a quick ratio of 0.76, a current ratio of 0.83 and a leverage ratio of 1.47. The company has a fifty-day moving average of $329.20 and a 200-day moving average of $341.69. United Rentals has a 1-year minimum of $285.59 and a 1-year maximum of $414.99. The company has a market capitalization of $23.01 billion, a PE ratio of 16.73, a growth price-earnings ratio of 0.68 and a beta of 1.84.

United Rentals announced that its board of directors launched a stock repurchase plan on Wednesday, Jan. 26 that sees the company repurchase $1.00 billion of outstanding stock. This repurchase authorization allows the construction company to acquire up to 4.5% of its shares through purchases on the open market. Stock repurchase plans usually indicate that the company’s board of directors believe its stock is undervalued.

United Rentals Company Profile (Get an evaluation)

United Rentals, Inc. is engaged in the equipment rental business. The company rents equipment to construction and industrial companies, manufacturers, utilities, municipalities, landlords and government entities. It operates through General Rentals and Specialty segments. The General Rentals segment includes the rental of general construction and industrial equipment, earthmoving equipment, material handling equipment, aerial platforms, general tools and light equipment.

See also

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Revenue history and estimates for United Rentals (NYSE:URI)



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