United Rentals (URI) Scheduled to Post Earnings on Wednesday

United Rentals (NYSE:URI) is scheduled to release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect United Rentals to post earnings of $12.49 per share for the quarter. United Rentals has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the previous year, the firm posted $9.88 EPS. United Rentals’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect United Rentals to post $44 EPS for the current fiscal year and $48 EPS for the next fiscal year.

United Rentals Trading Down 0.8 %

URI opened at $832.83 on Tuesday. United Rentals has a 12 month low of $387.01 and a 12 month high of $861.74. The stock has a market capitalization of $55.46 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.94 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The business has a fifty day moving average price of $760.25 and a 200 day moving average price of $703.73.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is 17.66%.

Insider Activity at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on URI. Evercore ISI lifted their price target on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. JPMorgan Chase & Co. lifted their price target on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Raymond James assumed coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Robert W. Baird boosted their target price on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Finally, Truist Financial boosted their target price on United Rentals from $873.00 to $954.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $714.92.

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.