Wall Street brokerages expect United Rentals, Inc. (NYSE:URI) to post sales of $2.08 billion for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for United Rentals’ earnings, with the highest sales estimate coming in at $2.08 billion and the lowest estimate coming in at $2.07 billion. United Rentals reported sales of $1.73 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 20.2%. The business is scheduled to issue its next quarterly earnings report on Wednesday, April 17th.
According to Zacks, analysts expect that United Rentals will report full-year sales of $9.32 billion for the current year, with estimates ranging from $9.27 billion to $9.35 billion. For the next year, analysts anticipate that the firm will post sales of $9.74 billion, with estimates ranging from $9.54 billion to $9.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow United Rentals.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.77 by $0.08. United Rentals had a return on equity of 41.91% and a net margin of 13.62%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company earned $3.34 EPS. United Rentals’s quarterly revenue was up 20.0% compared to the same quarter last year.
In other United Rentals news, EVP Dale A. Asplund sold 11,245 shares of the firm’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $125.00, for a total transaction of $1,405,625.00. Following the transaction, the executive vice president now directly owns 13,010 shares in the company, valued at approximately $1,626,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Craig Adam Pintoff sold 4,566 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $123.17, for a total value of $562,394.22. Following the transaction, the executive vice president now owns 17,880 shares in the company, valued at $2,202,279.60. The disclosure for this sale can be found here. Insiders have sold a total of 64,347 shares of company stock worth $8,276,837 over the last 90 days. 1.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cigna Investments Inc. New increased its holdings in shares of United Rentals by 3.2% in the 4th quarter. Cigna Investments Inc. New now owns 2,552 shares of the construction company’s stock valued at $262,000 after acquiring an additional 79 shares during the period. HCR Wealth Advisors increased its holdings in shares of United Rentals by 1.6% in the 4th quarter. HCR Wealth Advisors now owns 5,015 shares of the construction company’s stock valued at $514,000 after acquiring an additional 81 shares during the period. IFM Investors Pty Ltd increased its holdings in shares of United Rentals by 2.1% in the 4th quarter. IFM Investors Pty Ltd now owns 5,163 shares of the construction company’s stock valued at $529,000 after acquiring an additional 108 shares during the period. Integrated Investment Consultants LLC increased its holdings in shares of United Rentals by 6.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 1,965 shares of the construction company’s stock valued at $201,000 after acquiring an additional 115 shares during the period. Finally, Burns J W & Co. Inc. NY increased its holdings in shares of United Rentals by 1.2% in the 4th quarter. Burns J W & Co. Inc. NY now owns 10,300 shares of the construction company’s stock valued at $1,056,000 after acquiring an additional 125 shares during the period. Institutional investors own 85.69% of the company’s stock.
Shares of URI stock traded down $2.63 on Friday, reaching $121.71. 986,962 shares of the company’s stock were exchanged, compared to its average volume of 1,577,292. United Rentals has a 52 week low of $94.28 and a 52 week high of $190.30. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.78 and a current ratio of 0.83. The firm has a market capitalization of $9.97 billion, a P/E ratio of 7.49, a P/E/G ratio of 0.37 and a beta of 2.52.
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 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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