United Rentals (NYSE:URI – Get Free Report) issued its quarterly earnings results on Wednesday. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69), Briefing.com reports. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the company earned $11.73 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. United Rentals updated its FY 2024 guidance to EPS.
United Rentals Price Performance
URI traded down $9.19 during midday trading on Thursday, hitting $824.99. The stock had a trading volume of 686,980 shares, compared to its average volume of 543,825. United Rentals has a 1 year low of $387.01 and a 1 year high of $861.74. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The business has a fifty day moving average of $768.65 and a 200 day moving average of $706.59. The company has a market cap of $54.56 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.68.
United Rentals Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $1.63 per share. The ex-dividend date is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.79%. United Rentals’s dividend payout ratio is 17.21%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on URI
Insiders Place Their Bets
In other news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.53% of the company’s stock.
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.
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