Zacks Research Forecasts Reduced Earnings for United Rentals

United Rentals, Inc. (NYSE:URI) – Equities research analysts at Zacks Research cut their FY2024 EPS estimates for shares of United Rentals in a report released 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 previous estimate 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 several other research reports. The Goldman Sachs Group lifted their price target on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America boosted their target price on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays boosted their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Robert W. Baird boosted their target price on United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $742.50.

United Rentals Stock Down 1.1 %

URI stock opened at $849.60 on Friday. The firm has a market cap of $55.75 billion, a PE ratio of 22.19, a PEG 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. The firm’s 50 day moving average price is $804.01 and its 200-day moving average price is $724.97. United Rentals has a one year low of $454.71 and a one year high of $896.98.

United Rentals (NYSE:URI) 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.

Hedge Funds Weigh In On United Rentals

Several large investors have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC increased its holdings in shares of United Rentals by 48.1% in the first quarter. Orion Portfolio Solutions LLC now owns 3,129 shares of the construction company’s stock valued at $2,256,000 after purchasing an additional 1,016 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of United Rentals by 5.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 557 shares of the construction company’s stock worth $402,000 after acquiring an additional 30 shares during the period. Cumberland Partners Ltd purchased a new position in United Rentals during the first quarter worth about $457,000. Pinkerton Retirement Specialists LLC acquired a new stake in United Rentals in the first quarter valued at about $206,000. Finally, Spirepoint Private Client LLC purchased a new stake in United Rentals in the 1st quarter valued at approximately $806,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.53% of the company’s stock.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.77%. United Rentals’s payout ratio is currently 17.03%.

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.