Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Announces Earnings Results

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNBGet Free Report) issued its quarterly earnings data on Wednesday. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.99 by $0.19, FiscalAI reports. The business had revenue of $3.12 billion during the quarter. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Up 5.8%

Shares of SUNB opened at $73.33 on Thursday. Sunbelt Rentals Holdings, Inc. Common Stock has a 52-week low of $61.03 and a 52-week high of $86.68. The firm has a market cap of $30.06 billion and a PE ratio of 99.10. The business’s fifty day simple moving average is $74.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.83 and a current ratio of 0.90.

Sunbelt Rentals Holdings, Inc. Common Stock Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 18th. Sunbelt Rentals Holdings, Inc. Common Stock’s payout ratio is 405.41%.

Wall Street Analyst Weigh In

SUNB has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday, June 30th. Barclays boosted their price target on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $82.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Citigroup reduced their price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock to $90.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. KeyCorp reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from an “underperform” rating to a “sector perform” rating and set a $80.00 target price on the stock in a research report on Friday, June 19th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $83.67.

Get Our Latest Research Report on Sunbelt Rentals Holdings, Inc. Common Stock

Insider Activity at Sunbelt Rentals Holdings, Inc. Common Stock

In other news, COO John Washburn sold 3,351 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $70.00, for a total value of $234,570.00. Following the completion of the sale, the chief operating officer directly owned 72,394 shares in the company, valued at $5,067,580. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sunbelt Rentals Holdings, Inc. Common Stock

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Broad Run Investment Management LLC purchased a new stake in Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter valued at about $51,353,000. Anchor Capital Advisors LLC purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $44,923,000. California State Teachers Retirement System purchased a new position in Sunbelt Rentals Holdings, Inc. Common Stock in the 2nd quarter worth approximately $32,415,000. Allianz Asset Management GmbH acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth approximately $22,082,000. Finally, Giverny Capital Inc. acquired a new position in shares of Sunbelt Rentals Holdings, Inc. Common Stock during the 2nd quarter worth approximately $18,431,000.

Sunbelt Rentals Holdings, Inc. Common Stock News Summary

Here are the key news stories impacting Sunbelt Rentals Holdings, Inc. Common Stock this week:

  • Positive Sentiment: Quarterly earnings beat expectations: Sunbelt reported EPS of $1.18, well above the $0.99 analyst consensus, while revenue increased 11.2% year over year to $3.12 billion. Sunbelt Rentals Fiscal Q1 Earnings Snapshot
  • Positive Sentiment: Full-year outlook was raised: Management provided fiscal 2027 revenue guidance of $11.8 billion to $12.2 billion, broadly consistent with the $11.9 billion consensus estimate. The higher outlook helped support the stock following the earnings release. Sunbelt Rentals Beats Q1 Estimates and Raises Outlook
  • Positive Sentiment: Shareholder returns continued: Sunbelt declared a quarterly dividend of $0.30 per share, payable October 2 to shareholders of record September 18. The dividend implies an annualized yield of approximately 1.6%. Sunbelt Rentals Dividend Announcement
  • Neutral Sentiment: Investor conference appearance: CEO Brendan Horgan is scheduled to participate in a Morgan Stanley Laguna Conference fireside chat on September 16. Any additional commentary on demand, capital spending or debt reduction could influence the shares. Sunbelt Rentals to Attend Morgan Stanley Laguna Conference
  • Negative Sentiment: Debt and free-cash-flow concerns temper the bullish reaction: Sunbelt’s aggressive capital expenditures and shareholder distributions are being offset by substantial leverage and declining free cash flow. With a debt-to-equity ratio near 0.95 and limited liquidity, investors may remain cautious despite the earnings growth. Sunbelt Rentals Hold On to This Equipment Rental Company

About Sunbelt Rentals Holdings, Inc. Common Stock

(Get Free Report)

Sunbelt Rentals Holdings, Inc is an equipment rental company that provides tools, machinery and related services to construction, industrial, commercial, infrastructure, government and residential customers. Its rental fleet includes aerial work platforms, earthmoving and material-handling equipment, general tools, power-generation equipment, pumps, heating and cooling systems, and temporary structures.

The company also provides specialized solutions such as trench safety, climate control, event equipment, traffic management and temporary power.

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