United Rentals (URI) to Release Earnings on Wednesday

United Rentals (NYSE:URI - Get Free Report) is projected to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $11.65 per share and revenue of $3,937,730.00 billion for the quarter. United Rentals has set its FY 2024 guidance at EPS.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The firm had revenue of $3.99 billion during 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% compared to the same quarter last year. On average, analysts expect United Rentals to post $43 EPS for the current fiscal year and $47 EPS for the next fiscal year.

United Rentals Price Performance

NYSE URI traded up $11.84 on Wednesday, reaching $741.70. 933,280 shares of the company's stock traded hands, compared to its average volume of 742,431. The stock has a market cap of $48.67 billion, a PE ratio of 19.37, a P/E/G ratio of 1.83 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. United Rentals has a 12 month low of $545.16 and a 12 month high of $896.98. The stock has a 50-day simple moving average of $785.71 and a 200 day simple moving average of $760.02.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Wednesday, November 13th. United Rentals's dividend payout ratio is currently 17.03%.

Analyst Upgrades and Downgrades

URI has been the subject of several analyst reports. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an "underweight" rating in a research report on Friday, October 25th. Argus increased their target price on United Rentals from $840.00 to $880.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Bank of America raised their price target on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Robert W. Baird upgraded United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective for the company in a research report on Tuesday. Finally, Citigroup decreased their target price on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, United Rentals presently has a consensus rating of "Moderate Buy" and a consensus price target of $805.25.

Insider Transactions at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the business's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.53% of the company's stock.

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.

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