Brokerages predict that United Rentals, Inc. (NYSE:URI) will announce earnings per share (EPS) of $5.49 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for United Rentals’ earnings. The lowest EPS estimate is $5.19 and the highest is $6.10. United Rentals posted earnings of $4.85 per share in the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The business is scheduled to report its next earnings report on Wednesday, January 22nd.

On average, analysts expect that United Rentals will report full-year earnings of $19.28 per share for the current financial year, with EPS estimates ranging from $18.56 to $20.04. For the next year, analysts expect that the firm will report earnings of $20.55 per share, with EPS estimates ranging from $19.40 to $22.28. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for United Rentals.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 16th. The construction company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.74 by $0.22. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. United Rentals had a return on equity of 42.89% and a net margin of 12.45%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.74 earnings per share.

URI has been the subject of a number of analyst reports. Royal Bank of Canada set a $150.00 price objective on United Rentals and gave the stock a “buy” rating in a research report on Friday, October 18th. Zacks Investment Research upgraded shares of United Rentals from a “sell” rating to a “hold” rating and set a $119.00 price target for the company in a research note on Friday, October 11th. ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a report on Saturday, October 19th. Morgan Stanley dropped their price objective on shares of United Rentals from $168.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Finally, Buckingham Research reiterated a “buy” rating and set a $180.00 target price (up previously from $170.00) on shares of United Rentals in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $141.90.

In other news, Director Michael Kneeland sold 22,999 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $151.08, for a total value of $3,474,688.92. Following the sale, the director now directly owns 181,973 shares in the company, valued at $27,492,480.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jason D. Papastavrou sold 3,036 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $150.05, for a total transaction of $455,551.80. Following the completion of the sale, the director now owns 181,973 shares in the company, valued at $27,305,048.65. The disclosure for this sale can be found here. Insiders sold 28,770 shares of company stock worth $4,292,710 in the last three months. 1.00% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in URI. Squarepoint Ops LLC grew its position in shares of United Rentals by 370.3% in the third quarter. Squarepoint Ops LLC now owns 117,390 shares of the construction company’s stock valued at $14,631,000 after purchasing an additional 92,430 shares during the period. IHT Wealth Management LLC acquired a new position in shares of United Rentals during the 3rd quarter valued at about $212,000. National Pension Service lifted its holdings in shares of United Rentals by 5.3% during the 3rd quarter. National Pension Service now owns 130,936 shares of the construction company’s stock worth $16,320,000 after acquiring an additional 6,585 shares during the period. Pin Oak Investment Advisors Inc. purchased a new position in shares of United Rentals during the 3rd quarter worth about $1,736,000. Finally, Point72 Asset Management L.P. lifted its holdings in shares of United Rentals by 26.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 93,557 shares of the construction company’s stock worth $11,661,000 after acquiring an additional 19,657 shares during the period. Hedge funds and other institutional investors own 88.35% of the company’s stock.

NYSE URI traded up $5.73 during trading hours on Friday, hitting $158.86. 713,518 shares of the company were exchanged, compared to its average volume of 1,449,788. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 2.93. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.66 and a beta of 2.71. The company has a 50 day moving average of $145.43 and a two-hundred day moving average of $127.29. United Rentals has a 52-week low of $94.28 and a 52-week high of $157.85.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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

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