Analysts Anticipate United Rentals (URI) Will Post Earnings of $2.43 Per Share

Analysts predict that United Rentals (NYSE:URI) will report earnings of $2.43 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for United Rentals’ earnings, with estimates ranging from $2.13 to $2.71. United Rentals posted earnings per share of $1.64 during the same quarter last year, which indicates a positive year-over-year growth rate of 48.2%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, April 18th.

According to Zacks, analysts expect that United Rentals will report full year earnings of $15.29 per share for the current year, with EPS estimates ranging from $14.02 to $16.87. For the next financial year, analysts forecast that the firm will post earnings of $17.12 per share, with EPS estimates ranging from $15.68 to $19.70. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for United Rentals.

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United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 24th. The construction company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.25 by $0.09. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the business posted $2.67 EPS. The business’s revenue for the quarter was up 26.2% on a year-over-year basis.



A number of research firms have recently commented on URI. Buckingham Research increased their price objective on United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 price objective on the stock in a report on Thursday, February 1st. Royal Bank of Canada raised their price target on United Rentals from $194.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. ValuEngine upgraded United Rentals from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, Bank of America upgraded United Rentals to a “buy” rating and raised their price target for the stock from $165.00 to $195.00 in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $180.18.

URI opened at $172.95 on Wednesday. United Rentals has a one year low of $100.62 and a one year high of $190.74. The stock has a market capitalization of $14,601.76, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.61 and a beta of 2.52. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81.

In other news, EVP Dale A. Asplund sold 1,229 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $188.13, for a total value of $231,211.77. Following the completion of the sale, the executive vice president now directly owns 16,116 shares of the company’s stock, valued at approximately $3,031,903.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jessica Graziano sold 1,635 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $181.25, for a total value of $296,343.75. Following the completion of the sale, the senior vice president now directly owns 6,457 shares of the company’s stock, valued at $1,170,331.25. The disclosure for this sale can be found here. Insiders sold a total of 100,448 shares of company stock worth $18,659,953 over the last quarter. Company insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of United Rentals by 29.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,951 shares of the construction company’s stock valued at $507,000 after buying an additional 674 shares during the period. Xact Kapitalforvaltning AB raised its holdings in United Rentals by 2.6% during the fourth quarter. Xact Kapitalforvaltning AB now owns 28,828 shares of the construction company’s stock worth $4,956,000 after purchasing an additional 730 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in United Rentals by 95.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 29,620 shares of the construction company’s stock worth $5,092,000 after purchasing an additional 14,446 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in United Rentals by 78.8% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,900 shares of the construction company’s stock worth $1,014,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors acquired a new position in United Rentals during the fourth quarter worth $896,000. 90.28% of the stock is owned by institutional investors and hedge funds.

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About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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Earnings History and Estimates for United Rentals (NYSE:URI)

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