United Rentals, Inc. (URI) Expected to Announce Earnings of $4.72 Per Share
Equities research analysts expect that United Rentals, Inc. (NYSE:URI) will report earnings of $4.72 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for United Rentals’ earnings, with estimates ranging from $4.57 to $4.85. United Rentals posted earnings of $3.34 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 41.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, January 23rd.
On average, analysts expect that United Rentals will report full year earnings of $16.23 per share for the current financial year, with EPS estimates ranging from $16.00 to $16.80. For the next fiscal year, analysts anticipate that the business will post earnings of $19.05 per share, with EPS estimates ranging from $17.46 to $20.73. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for United Rentals.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 17th. The construction company reported $4.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.56 by $0.18. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.03 billion. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.25 EPS.
In other United Rentals news, Director Jenne K. Britell purchased 435 shares of the company’s stock in a transaction dated Monday, October 22nd. The shares were bought at an average price of $115.07 per share, for a total transaction of $50,055.45. Following the purchase, the director now directly owns 27,497 shares in the company, valued at approximately $3,164,079.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jose B. Alvarez purchased 544 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were acquired at an average price of $107.45 per share, for a total transaction of $58,452.80. Following the purchase, the director now owns 2,413 shares in the company, valued at $259,276.85. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in shares of United Rentals during the 3rd quarter worth $106,000. Belpointe Asset Management LLC acquired a new position in shares of United Rentals during the 3rd quarter worth $124,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of United Rentals by 103.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 984 shares of the construction company’s stock worth $161,000 after purchasing an additional 500 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of United Rentals during the 3rd quarter worth $187,000. Finally, Lincoln National Corp acquired a new position in shares of United Rentals during the 3rd quarter worth $200,000. Institutional investors own 87.72% of the company’s stock.
Shares of NYSE:URI opened at $103.94 on Wednesday. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market capitalization of $8.50 billion, a P/E ratio of 7.08, a PEG ratio of 0.36 and a beta of 2.60. United Rentals has a 52 week low of $102.09 and a 52 week high of $190.74.
About United Rentals
United Rentals, Inc is a holding company, which through its subsidiary, engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and pump.
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