United Rentals (NYSE:URI) Posts Quarterly Earnings Results, Beats Estimates By $1.58 EPS

United Rentals (NYSE:URI) issued its earnings results on Wednesday. The construction company reported $15.55 EPS for the quarter, topping the consensus estimate of $13.97 by $1.58, FiscalAI reports. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.71 billion.

United Rentals Stock Up 2.1%

Shares of NYSE:URI traded up $22.09 during midday trading on Wednesday, reaching $1,065.96. The company’s stock had a trading volume of 737,160 shares, compared to its average volume of 562,072. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The firm has a 50 day moving average of $1,045.27 and a 200-day moving average of $1,015.84. The firm has a market capitalization of $66.35 billion, a P/E ratio of 25.60, a PEG ratio of 1.49 and a beta of 1.83. United Rentals has a 12-month low of $701.59 and a 12-month high of $1,179.18.

Insider Transactions at United Rentals

In related news, EVP William Grace sold 1,500 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on URI. Barclays lifted their target price on shares of United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. Truist Financial decreased their price target on shares of United Rentals from $1,466.00 to $1,395.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Zacks Research lowered shares of United Rentals from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. KeyCorp restated an “overweight” rating and issued a $1,350.00 price objective on shares of United Rentals in a report on Friday, July 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $1,323.00 price objective on shares of United Rentals in a research report on Thursday, September 24th. Fifteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,258.69.

United Rentals Company Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.