United Rentals, Inc. (URI) Expected to Post Earnings of $2.48 Per Share
Equities research analysts predict that United Rentals, Inc. (NYSE:URI) will announce earnings of $2.48 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for United Rentals’ earnings, with the highest EPS estimate coming in at $2.71 and the lowest estimate coming in at $2.13. United Rentals posted earnings per share of $1.64 during the same quarter last year, which would indicate a positive year over year growth rate of 51.2%. The business is expected to report its next quarterly earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that United Rentals will report full year earnings of $15.38 per share for the current fiscal year, with EPS estimates ranging from $14.02 to $16.87. For the next financial year, analysts expect that the company will report earnings of $17.15 per share, with EPS estimates ranging from $15.68 to $19.70. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for United Rentals.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.25 by $0.09. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. United Rentals’s revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.67 earnings per share.
Shares of United Rentals (NYSE:URI) traded up $2.27 on Monday, hitting $164.26. The stock had a trading volume of 2,530,000 shares, compared to its average volume of 1,380,000. United Rentals has a 12-month low of $100.62 and a 12-month high of $189.00. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.02 and a current ratio of 1.06. The stock has a market cap of $14,090.00, a price-to-earnings ratio of 10.46, a PEG ratio of 0.57 and a beta of 2.60.
United Rentals declared that its Board of Directors has initiated a share buyback program on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director Jenne K. Britell sold 3,250 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $153.81, for a total value of $499,882.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jenne K. Britell sold 2,740 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $185.50, for a total value of $508,270.00. The disclosure for this sale can be found here. Insiders sold a total of 79,212 shares of company stock valued at $13,856,844 in the last 90 days. 1.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. First Dallas Securities Inc. acquired a new stake in United Rentals during the 4th quarter worth about $129,000. Cypress Capital Management LLC WY grew its position in United Rentals by 73.0% during the 4th quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock worth $132,000 after purchasing an additional 325 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in United Rentals during the 3rd quarter worth about $119,000. Bronfman E.L. Rothschild L.P. grew its position in United Rentals by 63.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock worth $166,000 after purchasing an additional 374 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in United Rentals by 200.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the construction company’s stock worth $206,000 after purchasing an additional 800 shares during the period. Institutional investors own 90.07% 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.
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