Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Declares $0.30 Quarterly Dividend

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) announced a quarterly dividend on Wednesday, September 9th. Investors of record on Friday, September 18th will be paid a dividend of 0.30 per share on Friday, October 2nd. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, September 18th.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Up 5.8%

NYSE SUNB traded up $4.01 during trading hours on Wednesday, reaching $73.33. 15,682,472 shares of the company were exchanged, compared to its average volume of 4,234,889. The firm has a 50 day simple moving average of $74.68. Sunbelt Rentals Holdings, Inc. Common Stock has a 1 year low of $61.03 and a 1 year high of $86.68. The company has a market cap of $30.06 billion and a PE ratio of 99.10. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 0.95.

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) last released its quarterly earnings data on Wednesday, September 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.19. The company had revenue of $3.12 billion for the quarter. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sunbelt Rentals Holdings, Inc. Common Stock will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SUNB shares. Wells Fargo & Company started coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Monday, August 17th. They issued an “overweight” rating and a $96.00 target price on the stock. KeyCorp reissued an “overweight” rating and set a $85.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Wednesday, June 24th. Sanford C. Bernstein restated an “outperform” rating and set a $96.00 price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, July 21st. Citigroup cut their target price on Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Finally, Barclays increased their price target on Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $83.67.

Sunbelt Rentals Holdings, Inc. Common Stock Company Profile

Sunbelt Rentals Holdings, Inc is a major equipment rental company that provides a broad range of rental solutions to construction, industrial, municipal and specialty markets. The company’s business centers on short- and long-term rental of equipment used for earthmoving, aerial access, material handling, power generation, climate control, pumps and general tools, supporting customers who need flexible access to capital-intensive assets without the expense of ownership.

In addition to physical equipment, Sunbelt Rentals offers complementary services designed to keep projects running efficiently.