FY2024 EPS Estimates for United Rentals, Inc. Increased by Analyst (NYSE:URI)

United Rentals, Inc. (NYSE:URI) – Investment analysts at Zacks Research boosted their FY2024 earnings estimates for shares of United Rentals in a report released on Thursday, May 2nd. Zacks Research analyst R. Department now expects that the construction company will post earnings of $43.97 per share for the year, up from their previous forecast of $43.07. The consensus estimate for United Rentals’ current full-year earnings is $43.61 per share. Zacks Research also issued estimates for United Rentals’ Q4 2024 earnings at $11.95 EPS, Q1 2025 earnings at $9.57 EPS, Q2 2025 earnings at $11.19 EPS, Q3 2025 earnings at $12.66 EPS, Q4 2025 earnings at $11.97 EPS, FY2025 earnings at $45.40 EPS, Q1 2026 earnings at $10.78 EPS and FY2026 earnings at $48.54 EPS.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping the consensus estimate of $8.35 by $0.80. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $7.95 earnings per share.

A number of other analysts also recently weighed in on URI. Stifel Nicolaus upped their target price on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Barclays upped their price objective on shares of United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Wells Fargo & Company upped their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Robert W. Baird increased their price target on shares of United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $600.79.

United Rentals Trading Up 2.5 %

Shares of NYSE:URI opened at $683.34 on Monday. The company has a market capitalization of $45.50 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.17 and a beta of 1.82. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The business’s 50 day simple moving average is $683.37 and its 200 day simple moving average is $588.62. United Rentals has a 1 year low of $325.91 and a 1 year high of $732.37.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of URI. OFI Invest Asset Management bought a new stake in shares of United Rentals in the 3rd quarter valued at about $25,000. First Financial Corp IN acquired a new stake in United Rentals during the 1st quarter valued at approximately $25,000. AdvisorNet Financial Inc increased its position in United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after purchasing an additional 20 shares during the period. Rise Advisors LLC bought a new position in United Rentals during the 1st quarter worth approximately $28,000. Finally, NBC Securities Inc. acquired a new position in shares of United Rentals in the 3rd quarter worth approximately $29,000. 96.26% of the stock is owned by institutional investors.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the transaction, the chief financial officer now owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at $72,341,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total transaction of $508,105.50. Following the transaction, the chief financial officer now owns 6,323 shares in the company, valued at approximately $4,145,485.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,713 shares of company stock worth $6,747,384. Corporate insiders own 0.49% of the company’s stock.

United Rentals announced that its board has authorized a stock buyback program on Wednesday, January 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be paid a dividend of $1.63 per share. The ex-dividend date is Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. United Rentals’s payout ratio is presently 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.