United Rentals (NYSE:URI) Issues Earnings Results

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.

In other news, CEO Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $132.73, for a total value of $3,981,900.00. Following the completion of the transaction, the chief executive officer now owns 202,237 shares in the company, valued at $26,842,917.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul I. Mcdonnell sold 10,500 shares of United Rentals stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $125.59, for a total transaction of $1,318,695.00. Following the completion of the transaction, the executive vice president now owns 22,285 shares of the company’s stock, valued at approximately $2,798,773.15. The disclosure for this sale can be found here. Insiders have sold 45,759 shares of company stock worth $5,948,491 over the last three months. 1.00% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This article was published by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/05/10/united-rentals-uri-announces-quarterly-earnings-results-beats-expectations-by-0-21-eps.html.

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.

Read More: What is the Producer Price Index (PPI)?

Earnings History for United Rentals (NYSE:URI)

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.