$1.86 Billion in Sales Expected for United Rentals (URI) This Quarter

Equities analysts predict that United Rentals (NYSE:URI) will report $1.86 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for United Rentals’ earnings. The highest sales estimate is $1.91 billion and the lowest is $1.81 billion. United Rentals reported sales of $1.60 billion during the same quarter last year, which would suggest a positive year over year growth rate of 16.3%. The business is expected to announce its next quarterly earnings results on Wednesday, July 18th.

On average, analysts expect that United Rentals will report full year sales of $7.45 billion for the current year. For the next fiscal year, analysts forecast that the business will report sales of $8.07 billion per share, with estimates ranging from $7.80 billion to $8.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow United Rentals.

How to Become a New Pot Stock Millionaire

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 18th. The construction company reported $2.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.53. United Rentals had a return on equity of 41.76% and a net margin of 20.23%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The firm’s revenue was up 27.9% compared to the same quarter last year.

Several research analysts have recently issued reports on URI shares. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Buckingham Research reaffirmed a “neutral” rating and issued a $175.00 price objective (up previously from $154.00) on shares of United Rentals in a research note on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $194.00 price objective on shares of United Rentals in a research note on Thursday, January 11th. Jefferies Group reaffirmed a “buy” rating and issued a $210.00 price objective on shares of United Rentals in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus upped their target price on United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $180.18.

In other United Rentals news, CFO William B. Plummer sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $187.88, for a total transaction of $9,394,000.00. Following the transaction, the chief financial officer now directly owns 55,926 shares in the company, valued at approximately $10,507,376.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dale A. Asplund sold 1,229 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $188.13, for a total value of $231,211.77. Following the transaction, the executive vice president now owns 16,116 shares in the company, valued at $3,031,903.08. The disclosure for this sale can be found here. Insiders have sold a total of 100,448 shares of company stock worth $18,659,953 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC bought a new position in shares of United Rentals during the 3rd quarter worth approximately $119,000. First Dallas Securities Inc. acquired a new position in shares of United Rentals during the fourth quarter worth approximately $129,000. Cypress Capital Management LLC WY raised its position in shares of United Rentals by 73.0% during the fourth quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock worth $132,000 after purchasing an additional 325 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in shares of United Rentals by 63.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock worth $166,000 after purchasing an additional 374 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of United Rentals by 200.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the construction company’s stock worth $206,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Shares of United Rentals stock traded down $5.00 on Friday, hitting $163.22. The stock had a trading volume of 2,347,168 shares, compared to its average volume of 1,436,797. United Rentals has a twelve month low of $100.62 and a twelve month high of $190.74. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.06 and a quick ratio of 1.02. The company has a market capitalization of $15,196.98, a P/E ratio of 15.41, a P/E/G ratio of 0.63 and a beta of 2.52.

TRADEMARK VIOLATION WARNING: “$1.86 Billion in Sales Expected for United Rentals (URI) This Quarter” was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://weekherald.com/2018/04/21/1-86-billion-in-sales-expected-for-united-rentals-uri-this-quarter.html.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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.

Get a free copy of the Zacks research report on United Rentals (URI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for United Rentals (NYSE:URI)

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply