Zacks: Analysts Anticipate United Rentals, Inc. (URI) to Post $4.62 Earnings Per Share

Analysts expect United Rentals, Inc. (NYSE:URI) to report $4.62 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for United Rentals’ earnings. The highest EPS estimate is $5.02 and the lowest is $4.33. United Rentals posted earnings per share of $3.25 during the same quarter last year, which indicates a positive year-over-year growth rate of 42.2%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, October 17th.

On average, analysts expect that United Rentals will report full year earnings of $16.10 per share for the current financial year, with EPS estimates ranging from $15.59 to $16.68. For the next financial year, analysts expect that the business will post earnings of $18.38 per share, with EPS estimates ranging from $17.70 to $19.90. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow United Rentals.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 18th. The construction company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $0.40. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. United Rentals had a return on equity of 39.28% and a net margin of 21.18%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.37 earnings per share.

Several brokerages have issued reports on URI. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $189.00 price target on the stock in a report on Tuesday, September 18th. Buckingham Research set a $190.00 price target on United Rentals and gave the stock a “buy” rating in a report on Tuesday, September 18th. Bank of America set a $200.00 price target on United Rentals and gave the stock a “buy” rating in a report on Thursday, September 13th. Deutsche Bank set a $158.00 price target on United Rentals and gave the stock a “hold” rating in a report on Wednesday, September 5th. Finally, UBS Group set a $196.00 price target on United Rentals and gave the stock a “buy” rating in a report on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $188.73.

NYSE:URI traded down $3.15 on Monday, hitting $156.07. The stock had a trading volume of 1,382,600 shares, compared to its average volume of 1,297,438. The firm has a market cap of $13.54 billion, a P/E ratio of 14.92, a PEG ratio of 0.57 and a beta of 2.46. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.63 and a current ratio of 0.68. United Rentals has a 52 week low of $138.19 and a 52 week high of $190.74.

In other news, Director Donald C. Roof sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total value of $838,900.00. Following the transaction, the director now owns 12,564 shares in the company, valued at $2,107,987.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $155.37, for a total value of $4,661,100.00. Following the completion of the transaction, the chief executive officer now owns 219,925 shares in the company, valued at approximately $34,169,747.25. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of URI. Moneta Group Investment Advisors LLC increased its position in shares of United Rentals by 1,190.0% during the first quarter. Moneta Group Investment Advisors LLC now owns 645 shares of the construction company’s stock valued at $111,000 after acquiring an additional 595 shares during the last quarter. Wagner Bowman Management Corp purchased a new stake in shares of United Rentals during the second quarter valued at approximately $206,000. Opera Trading Capital purchased a new stake in shares of United Rentals during the second quarter valued at approximately $221,000. First Citizens Bank & Trust Co. purchased a new stake in shares of United Rentals during the second quarter valued at approximately $223,000. Finally, First American Trust FSB purchased a new stake in shares of United Rentals during the second quarter valued at approximately $225,000. Institutional investors own 86.82% of the company’s stock.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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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