Stock analysts provide guidance for United Rentals, Inc.’s earnings in the first quarter of 2023 (NYSE: URI)

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United Rentals, Inc. (NYSE: URI) – KeyCorp stock analysts released their first quarter 2023 earnings per share (EPS) estimates for United Rentals in a research report released to customers and investors on Monday, November 22. KeyCorp analyst K. Newman expects the construction company to post earnings per share of $ 5.48 for the quarter. KeyCorp currently has an “Overweight” rating and a target price of $ 455.00 on the stock. KeyCorp also released United Rentals earnings estimates for the second quarter of 2023 at $ 6.15 per share, third quarter 2023 earnings at $ 8.06 per share, and fiscal 2023 earnings at $ 27.82. per share.

A number of other brokerages have also recently published URI reports. Citigroup raised its price target for the United Rentals stock from $ 400.00 to $ 445.00 and gave the stock a “buy” rating in a research note on Tuesday, November 16. Morgan Stanley raised its price target on United Rentals stock from $ 275.00 to $ 297.00 and rated the stock “underweight” in a report released on Monday, November 1. Two research analysts rated the stock with a sell rating, four assigned a conservation rating, and nine gave the company a buy rating. Based on data from MarketBeat, the company currently has an average “Hold” rating and a consensus target price of $ 352.30.

NYSE: URI opened at $ 375.19 on Wednesday. The company’s 50-day average mobile price is $ 362.94, and its 200-day average mobile price is $ 340.27. The company has a market cap of $ 27.16 billion, a PE ratio of 22.68, a P / E / G 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. United Rentals has a one-year low at $ 217.39 and a one-year high at $ 414.99. United Rentals (NYSE: URI) last released its quarterly earnings data on Wednesday, October 27. The construction company reported earnings per share (EPS) of $ 6.58 for the quarter, missing Zacks’ consensus estimate of $ 6.80 ($ 0.22). The company posted revenue of $ 2.60 billion for the quarter, compared to analysts’ expectations 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% from the same quarter last year. During the same period of the previous year, the company posted earnings per share of $ 5.40.

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Large investors recently changed their holdings of stocks. Vanguard Group Inc. increased its holdings in United Rentals by 3.0% in the second quarter. Vanguard Group Inc. now owns 7,856,506 shares of the construction company valued at $ 2,506,304,000 after acquiring an additional 225,508 shares during the period. BlackRock Inc. increased its holdings of United Rentals shares by 3.2% in the second quarter. BlackRock Inc. now owns 5,428,653 shares of the construction company valued at $ 1,731,793,000 after purchasing an additional 166,366 shares in the last quarter. Capital Research Global Investors increased its stake in United Rentals shares by 158.0% during the third quarter. Capital Research Global Investors now owns 2,442,756 shares of the construction company valued at $ 857,236,000 after purchasing an additional 1,496,058 shares in the last quarter. Nordea Investment Management AB increased its stake in United Rentals shares by 104.8% during the third quarter. Nordea Investment Management AB now owns 2,141,854 shares of the construction company valued at $ 773,766,000 after purchasing an additional 1,096,080 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in United Rentals by 2.5% in the third quarter. Geode Capital Management LLC now owns 1,331,394 shares of the construction company valued at $ 466,030,000 after acquiring an additional 32,210 shares during the last quarter. Hedge funds and other institutional investors hold 88.71% of the company’s shares.

In other United Rentals news, manager Jose B. Alvarez sold 925 shares of United Rentals in a transaction that took place on Friday, October 29. The stock was sold for an average price of $ 375.80, for a total value of $ 347,615.00. The sale was disclosed in a file with the Securities & Exchange Commission, accessible via this hyperlink. 0.42% of the shares are currently owned by insiders.

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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United Rentals History and Revenue Estimates (NYSE: URI)

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