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.
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.
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.
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.
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