United Rentals, Inc. (URI) To Go Ex-Dividend on November 10th

United Rentals, Inc. (NYSE:URI) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Wednesday, November 11th will be paid a dividend of $1.97 per share by the construction company on Wednesday, November 25th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th.

United Rentals has a payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Analysts expect United Rentals to earn $60.84 per share next year, which means the company should continue to be able to cover its $7.88 annual dividend with an expected future payout ratio of 13.0%.

United Rentals Stock Up 0.9%

URI opened at $1,053.32 on Friday. United Rentals has a twelve month low of $701.59 and a twelve month high of $1,202.12. The company’s 50-day moving average price is $1,054.02 and its two-hundred day moving average price is $975.49. The stock has a market cap of $65.22 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 1.48 and a beta of 1.82. The company has a quick ratio of 0.73, a current ratio of 0.80 and a debt-to-equity ratio of 1.35.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, topping analysts’ consensus estimates of $13.97 by $1.58. United Rentals had a net margin of 16.33% and a return on equity of 33.47%. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the previous year, the firm posted $11.70 EPS. United Rentals’s revenue was up 15.7% on a year-over-year basis. As a group, equities analysts expect that United Rentals will post 51.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on URI. Jefferies Financial Group upped their price objective on shares of United Rentals from $1,175.00 to $1,255.00 and gave the company a “hold” rating in a report on Friday, October 23rd. KeyCorp reiterated an “overweight” rating and issued a $1,350.00 target price (up from $1,250.00) on shares of United Rentals in a research note on Friday, October 23rd. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Barclays boosted their price target on shares of United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a research report on Friday, July 24th. Finally, Argus restated a “buy” rating and set a $1,250.00 price target (up from $935.00) on shares of United Rentals in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,238.53.

United Rentals Company Profile