Equities analysts expect United Rentals, Inc. (NYSE:URI) to announce $3.10 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for United Rentals’ earnings, with the lowest EPS estimate coming in at $2.93 and the highest estimate coming in at $3.28. United Rentals reported earnings of $2.87 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8%. The firm is expected to announce its next quarterly earnings results on Wednesday, April 17th.
On average, analysts expect that United Rentals will report full year earnings of $19.31 per share for the current financial year, with EPS estimates ranging from $18.70 to $19.84. For the next year, analysts expect that the company will report earnings of $21.90 per share, with EPS estimates ranging from $20.07 to $23.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for United Rentals.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.77 by $0.08. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the company earned $3.34 EPS. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year.
United Rentals stock opened at $114.25 on Friday. United Rentals has a 12-month low of $94.28 and a 12-month high of $181.66. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.32 and a beta of 2.52. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.78 and a current ratio of 0.83.
In other United Rentals news, EVP Dale A. Asplund sold 11,245 shares of United Rentals stock in a transaction that occurred on Monday, January 28th. The shares were 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 of the company’s stock, valued at $1,626,250. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Craig Adam Pintoff sold 7,343 shares of United Rentals stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $125.66, for a total transaction of $922,721.38. Following the transaction, the executive vice president now directly owns 18,720 shares in the company, valued at $2,352,355.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,347 shares of company stock worth $8,276,837. 1.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $76,188,000. Teacher Retirement System of Texas raised its stake in shares of United Rentals by 98.5% during the fourth quarter. Teacher Retirement System of Texas now owns 115,042 shares of the construction company’s stock valued at $11,795,000 after purchasing an additional 57,072 shares during the period. FMR LLC raised its stake in shares of United Rentals by 2.9% during the fourth quarter. FMR LLC now owns 1,557,250 shares of the construction company’s stock valued at $159,665,000 after purchasing an additional 44,492 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $362,000. Finally, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $372,000. 86.47% of the stock is currently owned by hedge funds and other institutional investors.
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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