United Rentals, Inc. (URI) Expected to Announce Quarterly Sales of $2.01 Billion
Analysts expect United Rentals, Inc. (NYSE:URI) to post sales of $2.01 billion for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for United Rentals’ earnings. The lowest sales estimate is $1.99 billion and the highest is $2.02 billion. United Rentals reported sales of $1.77 billion during the same quarter last year, which would suggest a positive year over year growth rate of 13.6%. The business is scheduled to issue its next earnings report on Wednesday, October 17th.
According to Zacks, analysts expect that United Rentals will report full year sales of $0.00 for the current year. For the next year, analysts anticipate that the business will report sales of $8.30 billion per share, with estimates ranging from $8.17 billion to $8.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow United Rentals.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 18th. The construction company reported $3.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.45 by $0.40. United Rentals had a return on equity of 39.28% and a net margin of 21.18%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the company posted $2.37 EPS. The company’s quarterly revenue was up 18.4% on a year-over-year basis.
Shares of United Rentals stock traded up $2.23 during trading hours on Thursday, hitting $158.10. The company’s stock had a trading volume of 1,119,000 shares, compared to its average volume of 1,300,711. United Rentals has a twelve month low of $117.86 and a twelve month high of $190.74. The firm has a market cap of $12.90 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.55 and a beta of 2.47. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 2.56.
In related news, CEO Michael Kneeland sold 30,000 shares of the stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $155.37, for a total transaction of $4,661,100.00. Following the transaction, the chief executive officer now owns 219,925 shares of the company’s stock, valued at approximately $34,169,747.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC raised its position in United Rentals by 1,190.0% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 645 shares of the construction company’s stock valued at $111,000 after purchasing an additional 595 shares in the last quarter. Signaturefd LLC acquired a new stake in United Rentals in the 1st quarter valued at about $128,000. Optimum Investment Advisors acquired a new stake in United Rentals in the 1st quarter valued at about $164,000. Cypress Capital Management LLC WY raised its position in United Rentals by 55.2% in the 1st quarter. Cypress Capital Management LLC WY now owns 1,195 shares of the construction company’s stock valued at $206,000 after purchasing an additional 425 shares in the last quarter. Finally, Wagner Bowman Management Corp acquired a new stake in United Rentals in the 2nd quarter valued at about $206,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.
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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