United Rentals, Inc. (NYSE:URI) – Research analysts at Oppenheimer Holdings boosted their FY2017 earnings per share estimates for shares of United Rentals in a research note issued to investors on Monday. Oppenheimer Holdings analyst S. Schneeberger now anticipates that the construction company will earn $9.64 per share for the year, up from their previous estimate of $9.35. Oppenheimer Holdings also issued estimates for United Rentals’ Q4 2017 earnings at $2.75 EPS and FY2018 earnings at $10.49 EPS.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the firm earned $2.06 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “United Rentals, Inc. to Post FY2017 Earnings of $9.64 Per Share, Oppenheimer Holdings Forecasts (NYSE:URI)” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/07/27/united-rentals-inc-to-post-fy2017-earnings-of-9-64-per-share-oppenheimer-holdings-forecasts-nyseuri.html.

URI has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of United Rentals from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $150.00 price target on shares of United Rentals in a research report on Friday, June 9th. Citigroup Inc. raised 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, July 21st. Royal Bank Of Canada restated a “hold” rating and set a $130.00 price objective on shares of United Rentals in a research report on Wednesday, April 12th. Finally, Vetr upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price objective on the stock in a research report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $124.85.

United Rentals (NYSE:URI) traded up 0.42% during trading on Tuesday, hitting $120.67. 307,310 shares of the company’s stock traded hands. The stock has a market cap of $10.20 billion, a P/E ratio of 17.53 and a beta of 2.42. United Rentals has a 12 month low of $70.58 and a 12 month high of $134.28. The company’s 50 day moving average is $111.55 and its 200-day moving average is $116.80.

In related news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the sale, the insider now owns 302,292 shares in the company, valued at approximately $36,507,804.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

A number of large investors have recently made changes to their positions in URI. Reliance Trust Co. of Delaware raised its stake in shares of United Rentals by 4.2% in the second quarter. Reliance Trust Co. of Delaware now owns 1,835 shares of the construction company’s stock worth $207,000 after buying an additional 74 shares during the last quarter. Strs Ohio raised its stake in shares of United Rentals by 2.5% in the second quarter. Strs Ohio now owns 130,630 shares of the construction company’s stock worth $14,723,000 after buying an additional 3,133 shares during the last quarter. Affinity Investment Advisors LLC raised its stake in shares of United Rentals by 90.2% in the second quarter. Affinity Investment Advisors LLC now owns 62,297 shares of the construction company’s stock worth $7,021,000 after buying an additional 29,537 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in shares of United Rentals by 101.3% in the second quarter. Contravisory Investment Management Inc. now owns 2,607 shares of the construction company’s stock worth $294,000 after buying an additional 1,312 shares during the last quarter. Finally, Gilman Hill Asset Management LLC raised its stake in shares of United Rentals by 11.1% in the second quarter. Gilman Hill Asset Management LLC now owns 8,275 shares of the construction company’s stock worth $933,000 after buying an additional 830 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.

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

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