United Rentals (URI) Set to Announce Quarterly Earnings on Wednesday

United Rentals (NYSE:URI) will be releasing its earnings data after the market closes on Wednesday, July 24th. Analysts expect United Rentals to post earnings of $10.46 per share for the quarter. United Rentals has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the firm posted $7.95 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts expect United Rentals to post $44 EPS for the current fiscal year and $47 EPS for the next fiscal year.

United Rentals Trading Up 2.7 %

NYSE URI opened at $738.35 on Tuesday. United Rentals has a 12 month low of $387.01 and a 12 month high of $759.98. The stock has a market cap of $49.17 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.36 and a beta of 1.71. The stock’s fifty day moving average price is $660.98 and its 200-day moving average price is $658.09. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 0.88%. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Transactions at United Rentals

In other news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at approximately $72,341,742. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on URI. JPMorgan Chase & Co. began coverage on United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 price objective on the stock. Truist Financial dropped their price objective on United Rentals from $796.00 to $785.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Citigroup began coverage on United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective on the stock. Stifel Nicolaus increased their price objective on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group increased their price objective on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $637.67.

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.