Zacks: Brokerages Expect United Rentals, Inc. (URI) Will Post Earnings of $3.10 Per Share

Analysts forecast that United Rentals, Inc. (NYSE:URI) will announce earnings per share (EPS) of $3.10 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for United Rentals’ earnings, with the highest EPS estimate coming in at $3.28 and the lowest estimate coming in at $2.93. United Rentals posted earnings of $2.87 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, April 17th.

On average, analysts expect that United Rentals will report full-year earnings of $19.31 per share for the current year, with EPS estimates ranging from $18.70 to $19.84. For the next financial year, analysts expect that the business will report earnings of $21.90 per share, with EPS estimates ranging from $20.07 to $23.86. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for 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 for the quarter, beating the consensus estimate of $4.77 by $0.08. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.22 billion. United Rentals had a return on equity of 41.91% and a net margin of 13.62%. The company’s revenue was up 20.0% on a year-over-year basis. During the same period last year, the company earned $3.34 earnings per share.

URI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Friday, December 14th. OTR Global downgraded shares of United Rentals to a “positive” rating in a research note on Monday, April 1st. Barclays started coverage on shares of United Rentals in a report on Friday, December 14th. They set an “equal weight” rating and a $130.00 price target on the stock. Finally, Standpoint Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $155.36.

United Rentals stock traded up $0.80 during mid-day trading on Friday, reaching $123.34. The stock had a trading volume of 1,308,131 shares, compared to its average volume of 1,556,502. United Rentals has a one year low of $94.28 and a one year high of $181.66. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.36 and a beta of 2.49. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.83 and a quick ratio of 0.78.

In other news, EVP Craig Adam Pintoff sold 4,566 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $123.17, for a total transaction of $562,394.22. Following the sale, the executive vice president now owns 17,880 shares of the company’s stock, valued at approximately $2,202,279.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $132.73, for a total transaction of $3,981,900.00. Following the sale, the chief executive officer now directly owns 202,237 shares in the company, valued at approximately $26,842,917.01. The disclosure for this sale can be found here. Insiders sold a total of 64,347 shares of company stock valued at $8,276,837 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in URI. Doyle Wealth Management bought a new stake in United Rentals in the 4th quarter worth approximately $28,000. CSat Investment Advisory L.P. raised its stake in United Rentals by 160.7% during the 4th quarter. CSat Investment Advisory L.P. now owns 279 shares of the construction company’s stock valued at $29,000 after buying an additional 172 shares during the last quarter. Rational Advisors LLC raised its stake in United Rentals by 9,100.0% during the 4th quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock valued at $38,000 after buying an additional 364 shares during the last quarter. Executive Wealth Management LLC bought a new position in shares of United Rentals during the 4th quarter valued at $42,000. Finally, Paradigm Asset Management Co. LLC bought a new position in shares of United Rentals during the 3rd quarter valued at $49,000. 86.64% of the stock is 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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