United Rentals (NYSE:URI) announced its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.10 by $0.21, Bloomberg Earnings reports. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the company posted $2.87 EPS. The company’s revenue was up 22.1% on a year-over-year basis. United Rentals updated its FY 2019 guidance to EPS.
URI opened at $133.79 on Friday. The company has a debt-to-equity ratio of 3.31, a quick ratio of 0.71 and a current ratio of 0.77. United Rentals has a fifty-two week low of $94.28 and a fifty-two week high of $175.42. The stock has a market cap of $10.53 billion, a P/E ratio of 8.23, a PEG ratio of 0.40 and a beta of 2.56.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Standpoint Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Morgan Stanley increased their target price on shares of United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Northcoast Research reissued a “neutral” rating on shares of United Rentals in a research note on Monday, April 22nd. Finally, OTR Global lowered shares of United Rentals to a “positive” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. United Rentals presently has a consensus rating of “Hold” and an average price target of $156.91.
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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