United Rentals, Inc. (NYSE:URI) to Post Q3 2024 Earnings of $12.38 Per Share, Zacks Research Forecasts

United Rentals, Inc. (NYSE:URI) – Analysts at Zacks Research upped their Q3 2024 earnings per share estimates for shares of United Rentals in a research note issued to investors on Wednesday, August 14th. Zacks Research analyst R. Department now anticipates that the construction company will post earnings of $12.38 per share for the quarter, up from their previous estimate of $12.34. The consensus estimate for United Rentals’ current full-year earnings is $44.37 per share. Zacks Research also issued estimates for United Rentals’ Q4 2024 earnings at $12.11 EPS, FY2024 earnings at $44.33 EPS, Q2 2025 earnings at $11.41 EPS, Q3 2025 earnings at $13.02 EPS, Q4 2025 earnings at $12.64 EPS, FY2025 earnings at $46.64 EPS, Q1 2026 earnings at $10.76 EPS, Q2 2026 earnings at $12.46 EPS and FY2026 earnings at $49.06 EPS.

Other analysts have also recently issued reports about the company. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a research report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price for the company. Raymond James assumed coverage on shares of United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target on the stock. Truist Financial boosted their price objective on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus increased their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $670.92.

United Rentals Trading Down 0.9 %

Shares of NYSE:URI opened at $714.47 on Friday. United Rentals has a 12-month low of $387.01 and a 12-month high of $789.80. The business has a 50 day moving average of $677.57 and a 200-day moving average of $675.20. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The stock has a market cap of $47.58 billion, a PE ratio of 19.35, a P/E/G ratio of 2.09 and a beta of 1.71.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $9.88 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of URI. International Assets Investment Management LLC lifted its stake in shares of United Rentals by 2.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,819 shares of the construction company’s stock valued at $1,043,000 after purchasing an additional 49 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of United Rentals by 95.3% during the fourth quarter. Vontobel Holding Ltd. now owns 4,453 shares of the construction company’s stock valued at $2,553,000 after acquiring an additional 2,173 shares in the last quarter. Everence Capital Management Inc. raised its position in shares of United Rentals by 15.7% during the fourth quarter. Everence Capital Management Inc. now owns 1,770 shares of the construction company’s stock worth $1,015,000 after purchasing an additional 240 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of United Rentals by 6.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,970 shares of the construction company’s stock worth $9,158,000 after purchasing an additional 954 shares in the last quarter. Finally, Groesbeck Investment Management Corp NJ lifted its holdings in shares of United Rentals by 13.7% in the 4th quarter. Groesbeck Investment Management Corp NJ now owns 6,166 shares of the construction company’s stock worth $3,536,000 after purchasing an additional 741 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by insiders.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be given a dividend of $1.63 per share. The ex-dividend date is Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.91%. United Rentals’s dividend payout ratio is currently 17.66%.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.