Analysts predict that United Rentals, Inc. (NYSE:URI) will report sales of $1.71 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for United Rentals’ earnings, with the lowest sales estimate coming in at $1.69 billion and the highest estimate coming in at $1.74 billion. United Rentals posted sales of $1.51 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.2%. The company is expected to issue its next quarterly earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that United Rentals will report full-year sales of $1.71 billion for the current year, with estimates ranging from $6.33 billion to $6.46 billion. For the next financial year, analysts forecast that the company will report sales of $6.80 billion per share, with estimates ranging from $6.55 billion to $7.13 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for United Rentals.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company posted $2.06 EPS. United Rentals’s revenue for the quarter was up 12.4% on a year-over-year basis.

Several research firms recently commented on URI. Royal Bank Of Canada reiterated a “hold” rating and issued a $130.00 price target on shares of United Rentals in a research report on Wednesday, April 12th. ValuEngine lowered United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 20th. Stifel Nicolaus reiterated a “hold” rating on shares of United Rentals in a research report on Friday, July 21st. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $150.00 price target on shares of United Rentals in a research report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $124.50.

In other news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction that occurred on 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 of the company’s stock, valued at $36,507,804.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Commonwealth Bank of Australia increased its stake in United Rentals by 4.5% in the second quarter. Commonwealth Bank of Australia now owns 15,712 shares of the construction company’s stock valued at $1,770,000 after buying an additional 681 shares in the last quarter. Private Advisor Group LLC increased its stake in United Rentals by 10.1% in the second quarter. Private Advisor Group LLC now owns 10,093 shares of the construction company’s stock valued at $1,146,000 after buying an additional 928 shares in the last quarter. Miller Investment Management LP increased its stake in United Rentals by 7.5% in the second quarter. Miller Investment Management LP now owns 22,914 shares of the construction company’s stock valued at $2,583,000 after buying an additional 1,607 shares in the last quarter. Schroder Investment Management Group increased its stake in United Rentals by 2,817.7% in the second quarter. Schroder Investment Management Group now owns 19,315 shares of the construction company’s stock valued at $2,119,000 after buying an additional 18,653 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its stake in United Rentals by 2.1% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,178,609 shares of the construction company’s stock valued at $132,841,000 after buying an additional 23,895 shares in the last quarter. 95.05% of the stock is owned by hedge funds and other institutional investors.

United Rentals (NYSE URI) traded down 1.1350% during midday trading on Thursday, hitting $114.0012. The stock had a trading volume of 314,874 shares. The stock’s 50-day moving average is $114.60 and its 200-day moving average is $117.39. The company has a market capitalization of $9.64 billion, a PE ratio of 16.5603 and a beta of 2.43. United Rentals has a 1-year low of $70.58 and a 1-year high of $134.28.

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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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