Analysts Issue Forecasts for United Rentals FY2024 Earnings

United Rentals, Inc. (NYSE:URI - Free Report) - Stock analysts at Zacks Research cut their FY2024 EPS estimates for United Rentals in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the construction company will post earnings of $43.32 per share for the year, down from their prior forecast of $44.33. The consensus estimate for United Rentals' current full-year earnings is $43.66 per share. Zacks Research also issued estimates for United Rentals' Q4 2024 earnings at $11.67 EPS, Q1 2025 earnings at $9.27 EPS, Q2 2025 earnings at $11.30 EPS, Q3 2025 earnings at $13.00 EPS, Q4 2025 earnings at $12.53 EPS, FY2025 earnings at $46.09 EPS, Q1 2026 earnings at $10.48 EPS, Q2 2026 earnings at $12.38 EPS, Q3 2026 earnings at $13.18 EPS and FY2026 earnings at $49.43 EPS.

URI has been the topic of a number of other research reports. Evercore ISI upped their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Bank of America upped their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Robert W. Baird lifted their target price on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a report on Thursday, October 3rd. Barclays upped their price target on United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Finally, Truist Financial lifted their price objective on United Rentals from $954.00 to $955.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, United Rentals currently has a consensus rating of "Hold" and an average target price of $742.50.

United Rentals Trading Down 1.7 %

Shares of United Rentals stock traded down $14.24 during trading hours on Friday, hitting $835.36. The company's stock had a trading volume of 603,088 shares, compared to its average volume of 547,828. The stock has a market cap of $54.82 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.01 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals has a twelve month low of $454.71 and a twelve month high of $896.98. The firm has a fifty day moving average of $804.01 and a 200-day moving average of $724.97.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.73 EPS.

Institutional Trading of United Rentals

Several institutional investors and hedge funds have recently made changes to their positions in URI. Crewe Advisors LLC acquired a new position in United Rentals in the first quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in United Rentals during the 3rd quarter valued at approximately $31,000. RFP Financial Group LLC lifted its position in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company's stock worth $27,000 after acquiring an additional 22 shares during the period. Carmichael Hill & Associates Inc. grew its stake in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in shares of United Rentals in the third quarter valued at approximately $41,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total value of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by insiders.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals's dividend payout ratio (DPR) is 17.03%.

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.