$2.48 EPS Expected for United Rentals, Inc. (URI) This Quarter

Brokerages forecast that United Rentals, Inc. (NYSE:URI) will report earnings of $2.48 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for United Rentals’ earnings. The highest EPS estimate is $2.71 and the lowest is $2.13. United Rentals posted earnings per share of $1.64 in the same quarter last year, which suggests a positive year over year growth rate of 51.2%. The business is expected to announce its next earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that United Rentals will report full year earnings of $15.38 per share for the current financial year, with EPS estimates ranging from $14.02 to $16.87. For the next year, analysts anticipate that the firm will post earnings of $17.15 per share, with EPS estimates ranging from $15.68 to $19.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow United Rentals.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 24th. The construction company reported $3.34 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the company earned $2.67 earnings per share. United Rentals’s quarterly revenue was up 26.2% on a year-over-year basis.

URI has been the subject of a number of research reports. Bank of America upgraded United Rentals to a “buy” rating and lifted their target price for the company from $165.00 to $195.00 in a research note on Tuesday, December 19th. Stifel Nicolaus restated a “buy” rating and issued a $171.00 target price on shares of United Rentals in a research note on Thursday, December 14th. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Barclays initiated coverage on United Rentals in a research note on Tuesday, December 12th. They issued an “underweight” rating and a $150.00 target price for the company. Finally, Royal Bank of Canada restated a “buy” rating and issued a $194.00 target price on shares of United Rentals in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $179.12.

In other news, Director Donald C. Roof sold 757 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $159.80, for a total transaction of $120,968.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Dale A. Asplund sold 11,439 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $185.13, for a total value of $2,117,702.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,212 shares of company stock valued at $13,856,844. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of URI. Prudential Financial Inc. raised its holdings in United Rentals by 3.1% during the third quarter. Prudential Financial Inc. now owns 440,136 shares of the construction company’s stock worth $61,065,000 after purchasing an additional 13,254 shares in the last quarter. Fulton Bank N.A. raised its holdings in United Rentals by 8.2% during the fourth quarter. Fulton Bank N.A. now owns 12,240 shares of the construction company’s stock worth $2,105,000 after purchasing an additional 932 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in United Rentals during the third quarter worth approximately $274,000. Systematic Financial Management LP bought a new stake in United Rentals during the third quarter worth approximately $13,807,000. Finally, State of Wisconsin Investment Board raised its holdings in United Rentals by 10.2% during the third quarter. State of Wisconsin Investment Board now owns 83,349 shares of the construction company’s stock worth $11,564,000 after purchasing an additional 7,735 shares in the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.

United Rentals (URI) opened at $168.02 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.81. United Rentals has a 52 week low of $100.62 and a 52 week high of $189.00. The company has a market capitalization of $14,210.00, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.59 and a beta of 2.60.

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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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