Zacks Research Forecasts Reduced Earnings for United Rentals

United Rentals, Inc. (NYSE:URI) – Stock analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of United Rentals in a report released on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the construction company will post earnings per share of $43.32 for the year, down from their prior forecast 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.

A number of other equities analysts have also issued reports on the company. The Goldman Sachs Group raised their target price on 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 lifted their price objective on United Rentals from $954.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America lifted their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, Citigroup lifted their price objective on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $742.50.

United Rentals Stock Performance

Shares of URI stock opened at $849.60 on Friday. The firm has a market capitalization of $55.75 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.01 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 fifty day moving average of $804.01 and a 200 day moving average of $724.97. United Rentals has a 1 year low of $454.71 and a 1 year high of $896.98.

United Rentals (NYSE:URI) last issued its 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 firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $11.73 EPS.

Institutional Investors Weigh In On United Rentals

Institutional investors have recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of United Rentals by 3.7% during the 3rd quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after purchasing an additional 85,325 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock worth $1,300,962,000 after purchasing an additional 1,604,715 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of United Rentals by 10.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock worth $570,167,000 after purchasing an additional 66,957 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of United Rentals by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 637,188 shares of the construction company’s stock worth $412,089,000 after purchasing an additional 27,708 shares during the last quarter. Finally, Capital International Investors acquired a new position in shares of United Rentals during the 1st quarter worth approximately $332,349,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of United Rentals 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 sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

United Rentals Announces Dividend

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