United Rentals (URI) is expected to release the earnings on Wednesday

0

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.

(Advertisement)

In today’s bumpy market, most investors would be happy with stocks with a 4% or 5% return.

But they would set their goal too low.

Because I’ve built a portfolio that pays us 69% cash on cash returns – with no leverage, options or gimmicks.

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.

Read more: What is a death cross?

United Rentals Revenue History (NYSE: URI)

This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $ 1,000 in United Rentals now?

Before you consider United Rentals, this is what you should hear.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes hold … and United Rentals wasn’t on the list.

While United Rentals is currently rated “Buy” by analysts, top-rated analysts think these five stocks are better buys.

Check out the 5 stocks here


Source link

Share.

About Author

Leave A Reply