Zacks Research Reduces Earnings Estimates for United Rentals

United Rentals, Inc. (NYSE:URI) – Stock analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for United Rentals in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the construction company will post earnings of $43.32 per share for the year, down from their prior estimate of $44.33. The consensus estimate for United Rentals’ current full-year earnings is $43.55 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. Robert W. Baird boosted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research report on Thursday, October 3rd. 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 report on Friday, October 25th. The Goldman Sachs Group raised their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Truist Financial boosted their target price on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Bank of America increased their price target on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $742.50.

United Rentals Price Performance

NYSE:URI opened at $836.00 on Friday. The firm has a market capitalization of $54.86 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.99 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The business has a 50 day simple moving average of $807.10 and a 200-day simple moving average of $726.23. United Rentals has a 1 year low of $454.71 and a 1 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business 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%. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $11.73 EPS.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, November 13th. United Rentals’s dividend payout ratio is currently 17.03%.

Insider Buying and Selling at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was 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 of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United Rentals

Several institutional investors and hedge funds have recently added to or reduced their stakes in URI. Mirae Asset Global Investments Co. Ltd. boosted its holdings in United Rentals by 11.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,203 shares of the construction company’s stock worth $7,492,000 after buying an additional 964 shares during the last quarter. Essex Financial Services Inc. boosted its stake in shares of United Rentals by 31.9% in the second quarter. Essex Financial Services Inc. now owns 563 shares of the construction company’s stock worth $364,000 after acquiring an additional 136 shares during the last quarter. Tidal Investments LLC increased its position in shares of United Rentals by 241.2% during the first quarter. Tidal Investments LLC now owns 4,859 shares of the construction company’s stock worth $3,504,000 after purchasing an additional 3,435 shares in the last quarter. BDF Gestion acquired a new position in United Rentals in the 2nd quarter valued at $2,998,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in United Rentals by 48.1% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

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.