Equities Analysts Set Expectations for United Rentals, Inc.’s FY2017 Earnings (URI)

United Rentals, Inc. (NYSE:URI) – Equities researchers at Jefferies Group boosted their FY2017 earnings per share estimates for United Rentals in a research note issued to investors on Monday. Jefferies Group analyst J. Jordan now anticipates that the construction company will post earnings per share of $9.90 for the year, up from their previous estimate of $9.60. Jefferies Group currently has a “Buy” rating and a $150.00 target price on the stock. Jefferies Group also issued estimates for United Rentals’ FY2018 earnings at $11.08 EPS.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. United Rentals’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 earnings per share.

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A number of other research analysts also recently issued reports on URI. UBS AG reissued a “neutral” rating and set a $121.00 price objective on shares of United Rentals in a research report on Sunday, April 23rd. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research report on Thursday, July 13th. Citigroup Inc. boosted their price objective on shares of United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus reissued a “hold” rating on shares of United Rentals in a research report on Friday. Finally, Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $124.85.

United Rentals (URI) opened at 121.695 on Tuesday. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 17.678 and a beta of 2.42. The company’s 50-day moving average is $110.72 and its 200 day moving average is $116.69. United Rentals has a 52 week low of $70.58 and a 52 week high of $134.28.

In other news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the sale, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the company. Whittier Trust Co. boosted its position in shares of United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of United Rentals during the first quarter worth about $127,000. Contravisory Investment Management Inc. boosted its position in shares of United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock worth $162,000 after buying an additional 423 shares during the last quarter. Huntington National Bank boosted its position in shares of United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after buying an additional 179 shares during the last quarter. Finally, Dubuque Bank & Trust Co. boosted its position in shares of United Rentals by 181.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,557 shares of the construction company’s stock worth $195,000 after buying an additional 1,004 shares during the last quarter. Institutional investors own 93.98% of the company’s stock.

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.