United Rentals (URI) Scheduled to Post Quarterly Earnings on Wednesday

United Rentals (NYSE:URI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $8.39 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 24th. The construction company reported $11.26 EPS for the quarter, beating the consensus estimate of $10.85 by $0.41. United Rentals had a net margin of 16.91% and a return on equity of 36.80%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same period in the previous year, the business posted $9.74 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, analysts expect United Rentals to post $43 EPS for the current fiscal year and $46 EPS for the next fiscal year.

United Rentals Stock Performance

Shares of NYSE URI opened at $655.97 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. United Rentals has a 12 month low of $325.15 and a 12 month high of $732.37. The company has a 50 day simple moving average of $680.99 and a two-hundred day simple moving average of $568.14. The stock has a market cap of $44.06 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.34 and a beta of 1.84.

United Rentals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.99%. This is a boost from United Rentals’s previous quarterly dividend of $1.48. The ex-dividend date was Tuesday, February 13th. United Rentals’s payout ratio is presently 18.44%.

United Rentals declared that its board has authorized a stock repurchase plan 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 shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at United Rentals

In other news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the sale, the chief financial officer now owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wesbanco Bank Inc. acquired a new position in shares of United Rentals during the 4th quarter valued at about $202,000. Burford Brothers Inc. acquired a new position in shares of United Rentals during the 4th quarter valued at about $313,000. SageView Advisory Group LLC acquired a new position in shares of United Rentals during the 4th quarter valued at about $466,000. Sanibel Captiva Trust Company Inc. acquired a new position in shares of United Rentals during the 4th quarter valued at about $1,818,000. Finally, Harbour Investments Inc. lifted its position in United Rentals by 9.5% in the fourth quarter. Harbour Investments Inc. now owns 1,269 shares of the construction company’s stock valued at $728,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the subject of several recent research reports. Evercore ISI lifted their target price on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. BNP Paribas reissued an “underperform” rating and issued a $485.00 price target on shares of United Rentals in a report on Friday, January 5th. Truist Financial began coverage on shares of United Rentals in a report on Thursday, March 14th. They issued a “buy” rating and a $793.00 price target for the company. Wells Fargo & Company boosted 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, Barclays boosted their price target on shares of United Rentals from $325.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $589.21.

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.