United Rentals (NYSE: URI) will publish its quarterly earnings data after the market closes on Wednesday, October 27th. Analysts expect the company to post earnings of $ 6.80 per share for the quarter. United Rentals has set its forecast for the 2021 financial year at EPS. Parties wishing to join the company’s conference call can do so using this link.
United Rentals (NYSE: URI) last released its quarterly earnings data on Wednesday July 28th. The construction company reported earnings per share (EPS) of $ 4.66 for the quarter, missing the Thomson Reuters consensus estimate of $ 4.81 ($ 0.15). United Rentals had a net margin of 11.36% and a return on equity of 29.06%. The company had revenue of $ 2.29 billion for the quarter, compared to the consensus estimate of $ 2.21 billion. In the same quarter last year, the company achieved $ 3.68 EPS. On average, analysts expect United Rentals to post USD 22 EPS for the current financial year and USD 25 EPS for the next financial year.
URI’s shares opened at $ 353.44 on Wednesday. The stock has a fifty-day moving average price of $ 347.34 and a two-hundred-day moving average price of $ 331.02. The company has a debt of 1.83, a quick ratio of 0.78 and a current ratio of 0.85. United Rentals has a 52-week low of $ 167.25 and a 52-week high of $ 369.22. The company has a market capitalization of $ 25.59 billion, a P / E ratio of 25.65, a PEG ratio of 1.02, and a beta of 2.03.
URI has been the subject of several research analyst reports. The UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating in a research report dated Friday June 25th and raised its price target for the company from $ 335.00 to $ 375.00 . Morgan Stanley raised its price target for United Rentals from USD 268.00 to USD 275.00 and rated the stock as “underweight” in a research report on Wednesday, October 13th. Deutsche Bank Aktiengesellschaft lowered its price target for United Rentals from $ 360.00 to $ 342.00 and gave the company a “hold” rating in a research report on Wednesday, July 14th. Citigroup upgraded United Rentals from a “neutral” rating to a “buy” rating in a research report on Wednesday June 23rd. Finally, Barclays raised its price target on United Rentals from $ 255.00 to $ 265.00 and rated the stock as “underweight” in a research report on Wednesday July 14th. Two research analysts have given the share a sell rating, four with a hold rating and eleven with a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $ 323.27.
About United Rentals
United Rentals, Inc. is in the equipment rental business. It offers rentals to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government agencies. The company operates in two lines of business: general rentals; and Trench, Power & Fluid Solutions. The General Rentals segment deals with the rental of construction, aviation and industrial equipment, general tools and light equipment, as well as related services and activities.
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