Q2 2017 EPS Estimates for United Rentals, Inc. (NYSE:URI) Boosted by Northcoast Research
United Rentals, Inc. (NYSE:URI) – Analysts at Northcoast Research lifted their Q2 2017 earnings estimates for shares of United Rentals in a research note issued on Thursday. Northcoast Research analyst J. Healy now forecasts that the construction company will post earnings per share of $2.23 for the quarter, up from their prior forecast of $2.06. Northcoast Research also issued estimates for United Rentals’ Q3 2017 earnings at $2.73 EPS, Q4 2017 earnings at $2.79 EPS and FY2017 earnings at $9.38 EPS.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 19th. The construction company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.12. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. United Rentals had a net margin of 10.04% and a return on equity of 47.90%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. ILLEGAL ACTIVITY NOTICE: This story was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.dailypolitical.com/2017/07/17/q2-2017-eps-estimates-for-united-rentals-inc-nyseuri-boosted-by-northcoast-research.html.
A number of other research analysts have also recently weighed in on URI. UBS AG reaffirmed a “neutral” rating and set a $121.00 price target on shares of United Rentals in a research report on Sunday, April 23rd. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a research report on Thursday, July 13th. Zacks Investment Research cut shares of United Rentals from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Royal Bank Of Canada raised shares of United Rentals from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $128.00 to $138.00 in a research report on Monday. Finally, BidaskClub raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $120.68.
Shares of United Rentals (NYSE:URI) opened at 117.79 on Monday. The stock has a 50 day moving average of $108.26 and a 200-day moving average of $115.64. The stock has a market capitalization of $9.95 billion, a P/E ratio of 17.46 and a beta of 2.42. United Rentals has a 1-year low of $67.09 and a 1-year high of $134.28.
A number of hedge funds have recently added to or reduced their stakes in URI. Winslow Evans & Crocker Inc. raised its stake in United Rentals by 3.8% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,764 shares of the construction company’s stock valued at $312,000 after buying an additional 100 shares during the last quarter. Eqis Capital Management Inc. raised its stake in United Rentals by 83.8% in the second quarter. Eqis Capital Management Inc. now owns 2,954 shares of the construction company’s stock valued at $333,000 after buying an additional 1,347 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in United Rentals by 513.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 13,669 shares of the construction company’s stock valued at $1,541,000 after buying an additional 11,439 shares during the last quarter. Buffington Mohr McNeal acquired a new stake in United Rentals during the second quarter valued at $271,000. Finally, National Pension Service raised its stake in United Rentals by 9.7% in the second quarter. National Pension Service now owns 94,131 shares of the construction company’s stock valued at $10,326,000 after buying an additional 8,355 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.
About United Rentals
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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