Brokers Offer Predictions for United Rentals FY2024 Earnings

United Rentals, Inc. (NYSE:URI) – Equities research analysts at Zacks Research cut their FY2024 earnings estimates for shares of United Rentals in a note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the construction company will post earnings of $43.32 per share for the year, down from their previous forecast of $44.33. The consensus estimate for United Rentals’ current full-year earnings is $43.66 per share. Zacks Research also issued estimates for United Rentals’ Q4 2024 earnings at $11.67 EPS, Q1 2025 earnings at $9.27 EPS, Q2 2025 earnings at $11.30 EPS, Q3 2025 earnings at $13.00 EPS, Q4 2025 earnings at $12.53 EPS, FY2025 earnings at $46.09 EPS, Q1 2026 earnings at $10.48 EPS, Q2 2026 earnings at $12.38 EPS, Q3 2026 earnings at $13.18 EPS and FY2026 earnings at $49.43 EPS.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Truist Financial boosted their price objective on shares of United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup lifted their price target on shares of United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird lifted their price target on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Finally, Evercore ISI lifted their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $742.50.

United Rentals Stock Down 1.7 %

Shares of NYSE URI opened at $835.36 on Friday. The stock has a market cap of $54.82 billion, a P/E ratio of 21.82, a P/E/G ratio of 2.01 and a beta of 1.68. The firm has a 50 day moving average price of $807.10 and a 200 day moving average price of $725.83. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals has a 52-week low of $454.71 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $11.73 EPS.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.78%. The ex-dividend date is Wednesday, November 13th. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Insiders Place Their Bets

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

Institutional Trading of United Rentals

Several institutional investors and hedge funds have recently added to or reduced their stakes in URI. International Assets Investment Management LLC raised its position in United Rentals by 82,462.2% during the third quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after acquiring an additional 1,604,715 shares in the last quarter. Capital International Investors acquired a new position in shares of United Rentals in the first quarter valued at $332,349,000. AMF Tjanstepension AB increased its holdings in shares of United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after purchasing an additional 199,810 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of United Rentals by 259.3% in the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after purchasing an additional 108,360 shares during the last quarter. Finally, AGF Management Ltd. increased its holdings in shares of United Rentals by 4,778.7% in the second quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock valued at $67,048,000 after purchasing an additional 101,547 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

About United Rentals

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.