Wall Street brokerages expect United Rentals, Inc. (NYSE:URI – Get Rating) to post $2.67 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for United Rentals’ earnings, with estimates ranging from $2.59 billion to $2.76 billion. United Rentals posted sales of $2.29 billion in the same quarter last year, which would indicate a positive year over year growth rate of 16.6%. The company is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that United Rentals will report full year sales of $11.31 billion for the current year, with estimates ranging from $11.12 billion to $11.42 billion. For the next financial year, analysts expect that the firm will report sales of $12.08 billion, with estimates ranging from $11.40 billion to $12.64 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover United Rentals.
United Rentals (NYSE:URI – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The construction company reported $5.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.31 by $0.42. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.44 billion. United Rentals had a net margin of 15.22% and a return on equity of 31.29%. United Rentals’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the company posted $3.45 EPS.
In other United Rentals news, EVP Craig Adam Pintoff sold 1,652 shares of United Rentals stock in a transaction on Monday, March 14th. The shares were sold at an average price of $323.41, for a total value of $534,273.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Dale A. Asplund sold 6,575 shares of United Rentals stock in a transaction on Friday, April 29th. The shares were sold at an average price of $318.58, for a total transaction of $2,094,663.50. Following the completion of the transaction, the chief operating officer now owns 26,666 shares in the company, valued at $8,495,254.28. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. Advisor Group Holdings Inc. increased its stake in shares of United Rentals by 2.3% during the first quarter. Advisor Group Holdings Inc. now owns 22,394 shares of the construction company’s stock worth $7,609,000 after acquiring an additional 501 shares during the period. ClariVest Asset Management LLC boosted its holdings in United Rentals by 3.7% during the first quarter. ClariVest Asset Management LLC now owns 70,856 shares of the construction company’s stock worth $25,169,000 after buying an additional 2,500 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in United Rentals by 75.0% during the first quarter. Clearstead Advisors LLC now owns 2,123 shares of the construction company’s stock worth $754,000 after buying an additional 910 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in United Rentals by 16.7% during the first quarter. Victory Capital Management Inc. now owns 710,833 shares of the construction company’s stock worth $251,024,000 after buying an additional 101,563 shares in the last quarter. Finally, SlateStone Wealth LLC boosted its holdings in United Rentals by 11.8% during the first quarter. SlateStone Wealth LLC now owns 2,946 shares of the construction company’s stock worth $1,046,000 after buying an additional 310 shares in the last quarter. Institutional investors and hedge funds own 89.70% of the company’s stock.
Shares of United Rentals stock opened at $320.51 on Thursday. The firm has a market capitalization of $22.95 billion, a PE ratio of 15.04, a P/E/G ratio of 0.64 and a beta of 1.80. United Rentals has a twelve month low of $285.59 and a twelve month high of $414.99. The firm’s 50-day moving average price is $331.38 and its 200 day moving average price is $338.56. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.40.
United Rentals announced that its board has initiated a stock buyback program on Wednesday, January 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
United Rentals Company Profile (Get Rating)
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.
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