United Rentals (URI) Set to Announce Earnings on Wednesday

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United Rentals (NYSE:URI) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect United Rentals to post earnings of $3.10 per share for the quarter. United Rentals has set its FY 2019 guidance at EPS.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.77 by $0.08. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.22 billion. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.34 earnings per share. On average, analysts expect United Rentals to post $19 EPS for the current fiscal year and $22 EPS for the next fiscal year.

URI opened at $126.74 on Monday. The stock has a market cap of $9.83 billion, a P/E ratio of 7.79, a P/E/G ratio of 0.36 and a beta of 2.49. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.83 and a quick ratio of 0.78. United Rentals has a fifty-two week low of $94.28 and a fifty-two week high of $181.66.

In other United Rentals news, EVP Dale A. Asplund sold 11,245 shares of the stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $125.00, for a total transaction of $1,405,625.00. Following the completion of the transaction, the executive vice president now owns 13,010 shares in the company, valued at $1,626,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig Adam Pintoff sold 4,566 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $123.17, for a total transaction of $562,394.22. Following the transaction, the executive vice president now owns 17,880 shares of the company’s stock, valued at approximately $2,202,279.60. The disclosure for this sale can be found here. Insiders have sold 64,347 shares of company stock valued at $8,276,837 in the last quarter. Company insiders own 1.00% of the company’s stock.

A number of equities analysts have weighed in on the stock. OTR Global lowered shares of United Rentals to a “positive” rating in a research report on Monday, April 1st. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Standpoint Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $155.36.

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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.

Further Reading: Limitations of the P/E Growth ratio

Earnings History for United Rentals (NYSE:URI)

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