United Rentals (NYSE:URI) Posts Quarterly Earnings Results, Beats Estimates By $0.26 EPS
United Rentals (NYSE:URI) posted its quarterly earnings data on Wednesday. The construction company reported $4.74 EPS for the quarter, topping the consensus estimate of $4.48 by $0.26, RTT News reports. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company earned $3.85 earnings per share. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. United Rentals updated its FY 2019 guidance to EPS.
Shares of NYSE URI opened at $124.39 on Thursday. The business’s 50-day simple moving average is $126.82. The company has a debt-to-equity ratio of 3.31, a current ratio of 0.77 and a quick ratio of 0.71. United Rentals has a 1 year low of $94.28 and a 1 year high of $173.00. The stock has a market cap of $10.82 billion, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 0.40 and a beta of 2.63.
In other United Rentals news, Director Michael Kneeland sold 32,007 shares of United Rentals stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $123.68, for a total value of $3,958,625.76. Following the sale, the director now owns 223,871 shares of the company’s stock, valued at approximately $27,688,365.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 233,261 shares of company stock worth $29,791,035 in the last quarter. Insiders own 1.00% of the company’s stock.
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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