Stock analysts expect United Rentals, Inc. (NYSE: URI) to report sales of $ 2.77 billion for the current quarter, according to Zacks investment research. Five analysts have estimated United Rentals earnings, with estimates ranging from $ 2.74 billion to $ 2.80 billion. United Rentals reported $ 2.28 billion in revenue in the same quarter last year, which would indicate a positive growth rate of 21.5% year-over-year. The company is expected to announce its next results on Wednesday, January 26.
According to Zacks, analysts expect United Rentals to report annual revenue of $ 9.71 billion for the current fiscal year, with estimates ranging from $ 9.68 billion to $ 9.76 billion. For the next fiscal year, analysts predict the company will post sales of $ 10.67 billion, with estimates ranging from $ 10.20 billion to $ 10.87 billion. Zacks Investment Research sales averages are an average based on a survey of sales-side research analysts who provide coverage for United Rentals.
United Rentals (NYSE: URI) last released its quarterly results on Wednesday, October 27. The construction company reported earnings per share (EPS) of $ 6.58 for the quarter, missing the Thomson Reuters consensus estimate of $ 6.80 ($ 0.22). The company posted revenue of $ 2.60 billion in the quarter, compared to a consensus estimate of $ 2.58 billion. United Rentals had a net margin of 13.04% and a return on equity of 28.88%. The company’s revenue for the quarter increased 18.7% compared to the same quarter last year. In the same quarter of last year, the company made a profit of $ 5.40 per share.
Several equity analysts have weighed on URI stocks. KeyCorp raised its price target on United Rentals from $ 405.00 to $ 455.00 and gave the company an “overweight” rating in a report released on Friday, October 29. Morgan Stanley raised its price target on United Rentals from $ 275.00 to $ 297.00 and rated the company “underweight” in a report released on Monday, November 1. Finally, Citigroup raised its price target on United Rentals from $ 400.00 to $ 445.00 and gave the company a “buy” rating in a report released on Tuesday, November 16. Two analysts rated the stock with a sell rating, four issued a conservation rating and nine gave the company a buy rating. According to MarketBeat, the stock currently has an average “Hold” rating and a consensus price target of $ 352.30.
Meanwhile, director Jose B. Alvarez sold 925 shares of the company in a transaction on Friday, October 29. The stock was sold for an average price of $ 375.80, for a total trade of $ 347,615.00. The sale was disclosed in a document filed with the SEC, which can be accessed via this link. 0.42% of the shares are currently owned by insiders.
Hedge funds recently changed their holdings of equities. Healthcare of Ontario Pension Plan Trust Fund increased its position in United Rentals shares by 73.3% in the second quarter. The Healthcare of Ontario pension plan trust fund now owns 78 shares of the construction company valued at $ 25,000 after purchasing 33 additional shares in the last quarter. WASHINGTON TRUST Co increased its position in United Rentals shares by 153.3% in the 2nd quarter. WASHINGTON TRUST Co now owns 114 shares of the construction company valued at $ 36,000 after purchasing 69 additional shares in the last quarter. KB Financial Partners LLC purchased a new stake in United Rentals shares in the 1st quarter valued at approximately $ 43,000. Global Retirement Partners LLC increased its position in United Rentals shares by 33.0% in the 3rd quarter. Global Retirement Partners LLC now owns 125 shares of the construction company valued at $ 44,000 after purchasing 31 additional shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in United Rentals shares by 105.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 140 shares of the construction company valued at $ 49,000 after purchasing 72 additional shares in the last quarter. Institutional investors and hedge funds hold 88.71% of the company’s shares.
The URI opened at $ 376.95 on Tuesday. The company has a market cap of $ 27.29 billion, a PE ratio of 22.79, a price / earnings-growth ratio of 1.06, and a beta of 1.95. The company has a debt to equity ratio of 1.68, a current ratio of 0.80, and a quick ratio of 0.74. The company has a fifty-day simple moving average of $ 362.06 and a 200-day simple moving average of $ 340.08. United Rentals has a one-year minimum of $ 217.39 and a one-year maximum of $ 414.99.
About United Rentals
United Rentals, Inc is engaged in the equipment rental industry. It offers rentals to construction and industrial companies, manufacturers, utilities, municipalities, landlords and government entities. The company operates through two business segments: General Rentals; and trench, feed and fluid solutions. The General Rental segment is engaged in the rental of construction, aircraft and industrial equipment, general tools and light equipment, as well as related services and activities.
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