United Rentals (URI) Releases Quarterly Earnings Results, Misses Estimates By $0.28 EPS
United Rentals (NYSE: URI) posted its quarterly earnings results on Tuesday. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.47 by $0.28, Stock Ratings Network reports. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.36 earnings per share. United Rentals’s revenue was up 67.7% compared to the same quarter last year.
A number of analysts have recently weighed in on URI shares. Analysts at Oppenheimer raised their price target on shares of United Rentals from $60.00 to $63.00 in a research note to investors on Friday, April 5th. On the ratings front, analysts at Bank of America reiterated a “buy” rating on shares of United Rentals in a research note to investors on Tuesday, March 5th. Finally, analysts at TheStreet reiterated a “hold” rating on shares of United Rentals in a research note to investors on Wednesday, February 27th.
Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. United Rentals currently has a consensus rating of “Buy” and an average price target of $62.69.
Shares of United Rentals (NYSE: URI) traded up 2.59% during mid-day trading on Tuesday, hitting $52.21. United Rentals has a 52 week low of $48.47 and a 52 week high of $57.24. The stock’s 50-day moving average is currently $53.26. The company has a market cap of $4.856 billion and a P/E ratio of 64.42.
United Rentals, Inc. (NYSE: URI) is an equipment rental company and its network consists of 569 rental locations in the United States, Canada and Mexico.
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