Brokerages expect that United Rentals, Inc. (NYSE:URI) will post $2.41 billion in sales for the current quarter, according to Zacks. Three analysts have provided estimates for United Rentals’ earnings, with the lowest sales estimate coming in at $2.39 billion and the highest estimate coming in at $2.44 billion. United Rentals posted sales of $2.31 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The firm is expected to issue its next earnings results after the market closes on Wednesday, January 29th.
On average, analysts expect that United Rentals will report full-year sales of $9.33 billion for the current year, with estimates ranging from $9.28 billion to $9.40 billion. For the next fiscal year, analysts anticipate that the company will post sales of $9.59 billion, with estimates ranging from $9.50 billion to $9.76 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover United Rentals.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 16th. The construction company reported $5.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.74 by $0.22. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company earned $4.74 EPS. The firm’s revenue was up 17.6% on a year-over-year basis.
Shares of United Rentals stock traded down $0.45 during trading on Friday, reaching $162.74. The company’s stock had a trading volume of 929,156 shares, compared to its average volume of 954,497. United Rentals has a 52-week low of $94.28 and a 52-week high of $165.85. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.71 and a beta of 2.71. The firm’s 50-day moving average is $150.11 and its two-hundred day moving average is $128.70. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 2.93.
In other United Rentals news, Director Jason D. Papastavrou sold 3,036 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $150.05, for a total transaction of $455,551.80. Following the completion of the sale, the director now owns 181,973 shares of the company’s stock, valued at approximately $27,305,048.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Kneeland sold 22,999 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $151.08, for a total transaction of $3,474,688.92. Following the sale, the director now directly owns 181,973 shares of the company’s stock, valued at approximately $27,492,480.84. The disclosure for this sale can be found here. Insiders have sold a total of 28,770 shares of company stock valued at $4,292,710 in the last three months. 1.00% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in URI. AE Wealth Management LLC purchased a new stake in United Rentals during the 2nd quarter valued at $248,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in United Rentals by 9.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 31,184 shares of the construction company’s stock valued at $4,136,000 after buying an additional 2,820 shares during the period. Janney Montgomery Scott LLC boosted its position in United Rentals by 6.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 15,207 shares of the construction company’s stock valued at $2,017,000 after buying an additional 905 shares during the period. First Trust Advisors LP boosted its position in United Rentals by 855.2% during the 2nd quarter. First Trust Advisors LP now owns 154,117 shares of the construction company’s stock valued at $20,441,000 after buying an additional 137,983 shares during the period. Finally, MBM Wealth Consultants LLC boosted its position in United Rentals by 11.6% during the 2nd quarter. MBM Wealth Consultants LLC now owns 2,075 shares of the construction company’s stock valued at $280,000 after buying an additional 216 shares during the period. 88.39% of the stock is owned by institutional investors and hedge funds.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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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